Ontario Teachers Pension Plan Board - Jun 7, 2021 Form 4 Insider Report for Cushman & Wakefield plc (CWK)

Role
10%+ Owner
Signature
/s/ Raju Ruparelia
Stock symbol
CWK
Transactions as of
Jun 7, 2021
Transactions value $
-$64,761,946
Form type
4
Date filed
6/9/2021, 05:00 PM
Previous filing
Jun 4, 2021
Next filing
Jul 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWK Ordinary Shares Sale -$64.8M -3.49M -23.84% $18.56 11.1M Jun 7, 2021 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 OTPP is the direct holder of 11,145,496 Ordinary Shares ("Ordinary Shares") of Cushman & Wakefield plc (the "Issuer").
F2 The President and Chief Executive Officer of OTPP has delegated to each of Messrs. Rajeev Ruparelia and Wei Beng Chan the authority to implement disposition decisions with respect to shares held by OTPP; however, approval of such decisions is made by senior personnel within the private capital group of OTPP in accordance with internal portfolio guidelines. Voting decisions are made by personnel within the public equities group of OTPP in accordance with internal proxy voting guidelines. As such, each of Messrs. Ruparelia and Chan expressly disclaims beneficial ownership of such shares.
F3 OTPP entered into a Stockholders Agreement, dated as of August 6, 2018, with certain other holders (the "Holders") of Ordinary Shares. Pursuant to the Stockholders Agreement, OTPP and the Holders have agreed to, among other things, vote their Ordinary Shares to elect members of the Board of Directors of the Issuer as set forth therein.
F4 Because of the relationship between the OTPP and the Holders as a result of the Stockholders Agreement, the Reporting Person may be deemed, pursuant to Rule 13d-3 under the Act, to beneficially own the Ordinary Shares beneficially owned by the Holders. OTPP disclaims beneficial ownership of the Ordinary Shares beneficially owned by the Holders, except to the extent of its pecuniary interest therein, if any.