Form 4: Cushman & Wakefield CEO Michelle Mackay Reports Stock Transactions
SEC Form 4 Filing
CEO Michelle Mackay reports the conversion and disposal of Cushman & Wakefield plc ordinary shares and restricted stock units.
Summary
- Michelle Mackay, CEO of Cushman & Wakefield plc, reported transactions involving ordinary shares and restricted stock units (RSUs).
- On February 23, 2025, Mackay converted 37,992 RSUs into ordinary shares and disposed of 21,106 ordinary shares at a price of $11.64.
- Following these transactions on February 23, 2025, Mackay beneficially owned 226,585 ordinary shares.
- On February 24, 2025, Mackay converted 22,643 RSUs into ordinary shares and disposed of 12,522 ordinary shares at a price of $11.74.
- Following these transactions on February 24, 2025, Mackay beneficially owned 236,706 ordinary shares.
- The RSUs were granted in previous years and vest in equal installments over three years from the grant date, contingent on continued employment.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Date of RSU grant that vests in three equal installments on each of the first three anniversaries of the grant date. |
| February 23, 2023 | Date of RSU grant that vests in three equal installments on each of the first three anniversaries of the grant date. |
| February 23, 2025 | Conversion of 37,992 RSUs to ordinary shares and disposal of 21,106 ordinary shares. |
| February 24, 2025 | Conversion of 22,643 RSUs to ordinary shares and disposal of 12,522 ordinary shares. |
| February 25, 2025 | Date of filing the Form 4. |
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