Cushman & Wakefield Ltd.
For the period ended May 14, 2026. Filed Apr 3, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 14, 2026 · Filed Apr 3, 2026
Contents
Director Compensation Program
Directors who are employees of the Company do not receive any compensation for their service as directors. In 2025, each director who was not an employee of the Company (each, a "Non-Employee Director") was entitled to receive annual cash retainers for Board and committee service as set forth in the below table.
| Type of Compensation | Annual CashRetainer |
|---|---|
| Annual Board member retainer | $110,000 |
| Additional compensation: | |
| Non-Executive Chairman | $100,000 |
| Lead Director | $40,000 |
| Audit Committee chair | $40,000 |
| 24 | CUSHMAN & WAKEFIELD | 2026 PROXY STATEMENT |
Succession Planning
| Compensation Committee chair | $25,000 |
|---|---|
| NomGov Committee chair | $20,000 |
| Audit Committee member (non-chair) | $10,000 |
| Compensation Committee member (non-chair) | $10,000 |
| NomGov Committee member (non-chair) | $10,000 |
Directors do not earn fees for each meeting attended; however, they are reimbursed for reasonable
out-of-pocket expenses relating to their service on the Board.
In addition, in 2025 each Non-Employee Director was eligible to receive an annual restricted stock unit (“RSU”) award with a grant date value of $180,000, which will vest in full on the first anniversary of the date of grant. Awards granted to directors in 2025 were made under our Second Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan (such plan as further amended and restated by Third Amended & Restated 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, the "Omnibus Director Plan"). Additionally, the non-Executive Chairman of the Board is eligible to receive an additional annual RSU award with a grant date value of $100,000.
New Non-Employee Directors are eligible to receive pro-rated annual cash retainers for Board and committee service as well as a pro-rated annual RSU award based on when they join the Board.
2025 Director Compensation Table
The table below summarizes the compensation of each director who served on the Board in 2025 (other than Ms. MacKay, our CEO, whose compensation is discussed in the Summary Compensation Table).
| Name (1) | Fees Earnedor Paid in Cash | StockAwards (2) | All Other Compensation (3) | Total |
|---|---|---|---|---|
| Susan Daimler | $45,734 | $141,645 | $— | $187,379 |
| Michelle Felman | $145,000 | $179,998 | $— | $324,998 |
| Jodie McLean | $140,000 | $179,998 | $— | $319,998 |
| Jennifer McPeek | $120,000 | $179,998 | $— | $299,998 |
| Stephen Plavin | $52,500 | $173,658 | $— | $226,158 |
| Angela Sun | $130,000 | $179,998 | $— | $309,998 |
| Rajesh Vennam | $120,000 | $179,998 | $— | $299,998 |
| Timothy Wennes | $45,734 | $141,645 | $— | $187,379 |
| Brett White (3) | $122,690 | $280,000 | $25,000 | $427,690 |
| Billie Williamson | $180,000 | $179,998 | $— | $359,998 |
| (1)The compensation in the table above reflects partial years of service on the Board and Board committee composition changes throughout 2025, where applicable. Mr. White retired from his role as director and non-Executive Chairman effective July 31, 2025, after which he served as a strategic consultant to the Company from July 31, 2026 until February 28, 2026. Ms. Daimler and Mr. Wennes joined the Board effective August 1, 2025. Mr. Plavin joined the Board effective October 1, 2025. (2)This column represents the grant date fair value of the RSU awards to the Non-Employee Directors, calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“Topic 718”), which is based on the closing price of our common shares on the applicable grant date (August 1, 2025 for each of Ms. Daimler and Mr. Wennes; October 1, 2025 for Mr. Plavin; and May 15, 2025 for all other directors). The aggregate number of outstanding stock awards held by our independent directors as of December 31, 2025 consisted of 17,013 for each of Ms. Felman, Ms. McLean, Ms. McPeek, Ms. Sun, Mr. Vennam and Ms. Williamson, 11,873 for each of Ms. Daimler and Mr. Wennes and 10,874 for Mr. Plavin.(3)Mr. White received an RSU grant on May 15, 2025 however, pursuant to its terms, the award was subsequently forfeited in connection with his retirement from the Board. Accordingly, Mr. White did not hold any outstanding stock awards as of December 31, 2025. Amount in “All Other Compensation” column represents payment to Mr. White for his service as a strategic consultant to the Company in fiscal 2025, following his retirement from the Board. | ||||
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