Form 4: Cushman & Wakefield Director Michelle Felman Reports Share Transactions
SEC Form 4 Filing
Director Michelle Felman reports the conversion of restricted stock units into ordinary shares and the grant of additional restricted stock units.
Summary
- On May 16, 2024, Michelle Felman, a director of Cushman & Wakefield plc, reported transactions involving the company's ordinary shares.
- She converted 12,393 restricted stock units (RSUs) into an equal number of ordinary shares at a price of $0 per share.
- Following this conversion, Felman was granted 15,451 additional RSUs.
- After these transactions, Felman directly owns 15,451 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share transactions, indicating a neutral sentiment.
Future Outlook
The reported transactions reflect ongoing equity-based compensation for a member of the board of directors.
Industry Context
This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| November 2, 2023 | Date of original RSU grant that vested and settled on May 16, 2024. |
| May 16, 2024 | Date of RSU conversion to ordinary shares and grant of new RSUs. |
| May 16, 2025 | Vesting date for the newly granted RSUs, contingent on continued board service. |
| May 20, 2024 | Date of signature on the SEC Form 4 filing. |
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