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 and disposition of shares to cover tax obligations.
Summary
- On April 14, 2024, Michelle Mackay, CEO of Cushman & Wakefield, reported transactions involving the company's ordinary shares.
- Mackay converted 28,013 restricted stock units (RSUs) into an equal number of ordinary shares at a price of $0.00 per share.
- She also disposed of 15,492 ordinary shares at a price of $9.88 per share to satisfy tax withholding obligations.
- Following these transactions, Mackay directly owns 198,543 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 04/14/2020 | Date RSUs were granted, vesting in four substantially equal installments on each of the first four anniversaries of the grant date. |
| 04/14/2024 | Date of the reported transactions: conversion of RSUs and disposition of shares for tax obligations. |
| 04/16/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.