Form 4: Cushman & Wakefield Executive Andrew McDonald Reports Share Transactions
SEC Form 4 Filing
Andrew McDonald, a top executive at Cushman & Wakefield, reported the conversion of restricted stock units and a disposition of shares to cover tax obligations.
Summary
- On February 27, 2024, Andrew R. McDonald, Global President & Chief Operating Officer of Cushman & Wakefield plc, reported transactions involving the company's ordinary shares.
- McDonald converted 2,963 restricted stock units (RSUs) into an equal number of ordinary shares at a price of $0.00 per share.
- Simultaneously, McDonald disposed of 1,470 ordinary shares at a price of $9.83 per share to satisfy tax withholding obligations related to the RSU conversion.
- Following these transactions, McDonald directly owns 252,816 ordinary shares of Cushman & Wakefield plc.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 02/27/2020 | Date RSUs were granted, vesting in four equal installments annually. |
| 02/27/2024 | Date of RSU conversion and share disposition. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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