Form 4: Cushman & Wakefield CEO Michelle Mackay Reports Share Transactions
SEC Form 4 Filing
Michelle Mackay, CEO of Cushman & Wakefield, reports the conversion of restricted stock units into ordinary shares and the disposition of shares to cover tax obligations.
Summary
- On July 1, 2024, Michelle Mackay, CEO of Cushman & Wakefield, converted 24,959 restricted stock units (RSUs) into an equal number of ordinary shares.
- Following this conversion, Mackay disposed of 13,803 ordinary shares at a price of $10.08 per share.
- These transactions resulted in Mackay directly owning 209,699 ordinary shares.
- Mackay also holds 49,919 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 07/01/2023 | Date RSUs were granted, vesting in three substantially equal installments on each of the first three anniversaries. |
| 07/01/2024 | Date of the reported transactions: conversion of RSUs to ordinary shares and disposition of shares. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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