Cushman & Wakefield Ltd. filings document the regulatory record of a Bermuda-based commercial real estate services company listed under CWK. Its 8-K reports cover quarterly and annual financial results, Regulation FD presentations, changes in financial presentation, and capital-structure actions involving senior secured notes issued through a wholly owned subsidiary.
The company’s proxy materials disclose board matters, executive compensation, shareholder voting items, and governance practices. Other filings record corporate-status matters involving the former Cushman & Wakefield plc and related subsidiary reporting obligations, while the current registrant continues to report as Cushman & Wakefield Ltd.
Cushman & Wakefield Ltd. executive Andrew R. McDonald reported equity compensation activity involving the company’s common shares. On February 25, 2026, he acquired 186,249 common shares at $0.00 per share through the exercise or conversion of a derivative security, reflecting the vesting of performance-based restricted stock units earned for the 2023–2025 performance period under the company’s incentive plan. On the same date, he disposed of 94,764 common shares at $13.76 per share in a tax-withholding transaction to satisfy exercise price or tax liabilities by delivering shares. After these transactions, McDonald directly held 423,884 common shares of Cushman & Wakefield Ltd.
Cushman & Wakefield Ltd. executive Nathaniel Robinson reported equity compensation activity involving the company’s common shares. On February 25, 2026, he acquired 53,213 common shares at $0.00 per share through the exercise or conversion of a derivative security, reflecting the vesting of performance-based restricted stock units tied to 2023–2025 performance targets under the company’s omnibus incentive plan.
On the same date, 12,958 common shares were disposed of at $13.76 per share to cover the exercise price or tax withholding obligations. After these transactions, Robinson directly owned 105,656 common shares of Cushman & Wakefield.
Cushman & Wakefield Ltd. officer Andrew R. McDonald reported the vesting of restricted stock units and related tax withholding. On February 23, 34,878 restricted stock units were converted into an equal number of common shares at no cost under the company’s incentive plan. On the same date, 17,937 common shares at a price of $12.93 per share were surrendered to cover tax liabilities associated with the RSU vesting, a tax-withholding disposition rather than an open-market sale. Following these transactions, McDonald directly owned 332,399 common shares.
Cushman & Wakefield Ltd. officer Neil O. Johnston reported equity award activity tied to previously granted restricted stock units (RSUs). On February 23, 2026, 27,405 RSUs converted into an equal number of common shares at $0.00 per share under the company’s 2018 Omnibus Management Share and Cash Incentive Plan.
In a related transaction, 8,399 common shares were withheld at $12.93 per share to satisfy tax obligations, a tax-withholding disposition rather than an open-market sale. Following these transactions, Johnston directly owned 211,733 common shares of Cushman & Wakefield.
Cushman & Wakefield Ltd. officer Nathaniel Robinson converted 9,966 restricted stock units into an equal number of common shares at no cost under the company’s 2018 incentive plan. To cover tax obligations, 2,871 common shares were withheld at $12.93 per share, leaving him with 65,401 directly owned common shares.
Cushman & Wakefield Ltd. Chief Executive Officer Michelle Mackay converted 37,992 previously awarded restricted stock units into the same number of common shares on February 23, 2026, at no cost, under the company’s 2018 incentive plan. To cover related tax obligations, 21,003 common shares were disposed of at $12.93 per share, leaving her with direct ownership of 279,030 common shares. The RSUs were originally granted on February 23, 2023 and vest in three equal annual installments, contingent on continued employment.
Cushman & Wakefield Ltd. officer Sayed Laurida reported multiple equity award transactions involving restricted stock units (RSUs) and common shares. On February 22 and 23, 2026, previously granted RSUs converted into 6,661 and 2,492 common shares, respectively, at $0.00 per share, reflecting vesting under the company’s omnibus incentive plan. In connection with these vestings, the company withheld 2,306 and 863 common shares at $13.33 and $12.93 per share to satisfy tax obligations through share delivery rather than cash. After these transactions, Laurida directly owned 17,514 common shares.
Cushman & Wakefield Ltd. officer Noelle J. Perkins reported the vesting of previously granted restricted stock units. On February 22, 2026, 14,985 RSUs converted into an equal number of common shares at $0.00 per share under the company's 2018 Omnibus Management Share and Cash Incentive Plan.
As part of the same event, 4,755 common shares were automatically withheld at a price of $13.33 per share to cover tax obligations, leaving Perkins with 63,065 common shares held directly after the transactions. The RSUs were originally granted on February 22, 2024 and vest in three equal annual installments, subject to continued employment.
Cushman & Wakefield Ltd. files its annual report describing a large, diversified commercial real estate services business with 2025 revenue of $10.3 billion, up from $9.4 billion in 2024 and $9.5 billion in 2023.
Services generated 66% of 2025 revenue and the Americas 73%, with the United States alone contributing 69%. The firm employs about 53,000 people in nearly 60 countries and manages roughly 6.5 billion square feet for occupiers and investors.
The company completed a redomiciliation to Bermuda in 2025 and reports total indebtedness of about $2.7 billion, including term loans and senior secured notes. It highlights recurring, contract-based revenue as a stabilizer, while outlining extensive risk factors around macroeconomic conditions, AI adoption, cybersecurity, regulation, climate change and leverage.
Cushman & Wakefield Ltd. reported record fourth quarter and full-year 2025 revenue, with total revenue of $10.3 billion, up 9% from 2024, and fourth quarter revenue of $2.9 billion, up 11% year over year.
Despite a fourth quarter net loss of $22.4 million and full-year net income of $88.2 million, down from $131.3 million, results were heavily impacted by a one-time, other-than-temporary impairment of $177.0 million on the Greystone joint venture.
On an adjusted basis, performance was stronger: full-year Adjusted EBITDA rose 13% to $656.2 million, and adjusted diluted earnings per share increased 34% to $1.22. Free cash flow improved by $126.0 million to $293.0 million, and the company prepaid $300.0 million of term loan debt, ending 2025 with liquidity of $1.8 billion.