Michelle Mackay - 25 Feb 2026 Form 4 Insider Report for Cushman & Wakefield Ltd. (CWK)

Role: Chief Executive Officer, Director
Signature: /s/ Noelle Perkins, attorney-in-fact
Issuer symbol: CWK
Transactions as of: 25 Feb 2026
Net transactions value: -$1,543,748
Form type: 4
Filing time: 27 Feb 2026, 16:52:32 UTC
Previous filing: 24 Feb 2026
Next filing: 02 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MACKAY MICHELLE	Chief Executive Officer, Director	225 WEST WACKER DRIVE, SUITE 3000, CHICAGO	/s/ Noelle Perkins, attorney-in-fact	27 Feb 2026	0001581054

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWK	Common Shares	Options Exercise	$0	+202,877	+73%	$0.000000	481,907	25 Feb 2026	Direct	F1
transaction	CWK	Common Shares	Tax liability	$1,543,748	-112,191	-23%	$13.76	369,716	25 Feb 2026	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents vesting of common shares earned in respect of performance-based restricted stock units based on the achievement by the Issuer of certain performance targets for the 2023 to 2025 performance period pursuant to the Fourth Amended & Restated 2018 Omnibus Management Share and Cash Incentive Plan.