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UNITED STATESSECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 14A(RULE 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

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225WestWackerDriveChicago,Illinois60606

April29,2020

DearFellowShareholder:

OnbehalfoftheBoardofDirectorsandmanagementofCushman&Wakefieldplc,Iampleasedtosharewithyoutheenclosedmaterialsrelatingtoourannualgeneralmeetingofshareholdersfor2020,whichisbeingheldonJune10,2020at8:00a.m.(CentralTime).Thenoticeofmeetingandproxystatementthatfollowdescribethebusinessthatwewillconsideratthemeeting.

InlightoftheCOVID-19(coronavirus)pandemic,shareholdersarestronglydiscouragedfromattendingourmeetinginpersonthisyear,asitmaynotbesafeorlawfulforshareholderstodoso.Nevertheless,yourvoteisveryimportant.Wearepleasedtooffermultipleoptionsforvotingyourordinaryshares.Youmayvotebytelephone,viatheinternetorbymail,asdescribedbeginningonpage1oftheaccompanyingproxystatement.

ThankyouforyoursupportofCushman&Wakefieldplc.

Sincerelyyours,

Brett White

Executive Chairman and Chief Executive Officer

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Notice of 2020 Annual General Meeting of ShareholdersJune 10, 20208:00a.m.(CentralTime)225WestWackerDrive,Boardroom,30thFloorChicago,Illinois60606

AGENDA:

1. ElectionofthefourClassIIBoardnominateddirectorsnamedintheProxyStatement:BrettWhite,RichardMcGinn,JodieMcLeanandBillieWilliamson.

2. RatificationofKPMGLLPasourindependentregisteredpublicaccountingfirm.

3. AppointmentofKPMGLLPasourUKStatutoryAuditor.

4. AuthorizationoftheAuditCommitteetodeterminethecompensationofourUKStatutoryAuditor.

5. Non-binding,advisoryvoteonthecompensationofournamedexecutiveofficers(“Say-on-Pay”).

6. Non-binding,advisoryvoteonourdirectorcompensationreport.

OurArticlesofAssociationandUKlawdonotcurrentlyprovideuswiththeabilitytoholdavirtualannualgeneralmeetingofshareholders(the“AnnualMeeting”).AsaresultoftheCOVID-19(coronavirus)pandemic,theUKlegislatureorcertainregulatorybodiesmaytakeaction,byadoptinglegislationorotherwise,whichwouldpermitustolawfullyholdavirtualAnnualMeetingduringthependencyofthepandemic.Ifsuchactionoccurs,andwedetermineitispracticabletoswitchourAnnualMeetingtoavirtualformat,weexpecttodosoandwillprovideshareholderswithnoticeofsuchchangeinaccordancewithapplicablelegalrequirements.IfweareunabletoswitchtoavirtualAnnualMeeting,UKlawunfortunatelystillrequiresustoholdsuchAnnualMeetingnolaterthanJune30.As such, shareholders are stronglydiscouraged from attending the Annual Meeting in person, and shareholders are cautioned that such attendance may not be safe orlawful.WhileweregretthattheCOVID-19pandemicmayprecludeshareholderattendanceatthisyear’sAnnualMeeting,youarestronglyencouragedtocompleteandreturnyourproxysothatyoursharescanbevotedattheAnnualMeetinginaccordancewithyourinstructions.OnlyshareholdersofrecordasofApril23,2020willbeentitledtoattendandvoteattheAnnualMeetingandanyadjournmentsorpostponementsthereof.

April29,2020

ByOrderoftheBoardofDirectors

Brett Soloway

ExecutiveVicePresident,GeneralCounselandCorporateSecretary

ThisProxyStatementandaccompanyingproxycardarefirstbeingmailedtoshareholdersonoraboutMay8,2020.

ReferencesinthisProxyStatementto“Cushman,”“theCompany,”“we,”“us”or“our”refertoCushman&Wakefieldplcandincludeallofitsconsolidatedsubsidiaries,unlessotherwiseindicatedorthecontextrequiresotherwise.Referencesto“theBoard”refertoourBoardofDirectors.CopiesofourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019,includingfinancialstatements,andourUKAnnualReportandAccountsforthefiscalyearendedDecember31,2019,arebeingmailedsimultaneouslywiththisProxyStatementtoeachshareholderandwillalsobeavailableathttp://ir.cushmanwakefield.com.

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PROXY SUMMARY INFORMATIONToassistyouinreviewingtheproposalstobevoteduponattheAnnualMeeting,wehavesummarizedimportantinformationcontainedinthisProxyStatementandourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019.Thissummarydoesnotcontainalloftheinformationthatyoushouldconsider,andyoushouldcarefullyreadtheentireProxyStatementandAnnualReportonForm10-Kbeforevoting.

Voting

ShareholdersofrecordasofApril23,2020maycasttheirvotesinanyofthefollowingways:

InternetVisitwww.investorvote.com/CWK.Youwillneedthe16-digitnumberincludedinyourproxycard,voterinstructionformornotice.

PhoneCall+1800-652-8683orthenumberonyourvoterinstructionform.Youwillneedthe16-digitnumberincludedinyourproxycard,voterinstructionformornotice.

MailSendyourcompletedandsignedproxycardorvoterinstructionformtotheaddressonyourproxycardorvoterinstructionform.

In PersonDuetotheCOVID-19(coronavirus)pandemic,shareholdersarestronglydiscouragedfromattendingtheAnnualMeetinginperson,andshareholdersarecautionedthatsuchattendancemaynotbesafeorlawful.

Voting Matters and Board RecommendationsProposal BoardVoteRecommendationsElectionofdirectors(page1) ✓FOReachDirectorNomineeRatificationofKPMGLLPasindependentregisteredpublicaccountingfirm(page11) ✓FORAppointmentofKPMGLLPasUKStatutoryAuditor(page14) ✓FORAuthorizationoftheAuditCommitteetodeterminethecompensationoftheUKStatutoryAuditor(page15)

✓FOR

Non-binding,advisoryvoteonthecompensationofnamedexecutiveofficers(“Say-on-Pay”)(page16)

✓FOR

Non-binding,advisoryvoteonthedirectorcompensationreport(page39) ✓FOR

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Fiscal Year 2019 Business Highlights

Cushman&Wakefieldisaleadingglobalcommercialrealestateservicesfirmwithaniconicbrandandapproximately53,000employeesledbyanexperiencedexecutiveteam.Weoperatefromapproximately400officesin60countries,managingover4.1billionsquarefeetofcommercialrealestatespaceonbehalfofinstitutional,corporateandprivateclients.Weservetheworld’srealestateownersandoccupiers,deliveringabroadsuiteofservicesthroughourintegratedandscalableplatform.OurbusinessisfocusedonmeetingtheincreasingdemandsofourclientsthroughacomprehensiveofferingofservicesincludingProperty,facilitiesandprojectmanagement,Leasing,Capitalmarkets,Valuationandotherservices.In2019,2018and2017,wegeneratedrevenuesof$8.8billion,$8.2billionand$6.9billion,respectively,andFeerevenuesof$6.4billion,$6.0billionand$5.3billion,respectively.

Since2014,wehavebuiltourcompanyorganicallyandthroughthecombinationofDTZ,CassidyTurleyandCushman&Wakefield,givingusthescaleandworldwidefootprinttoeffectivelyserveourclients’multinationalbusinesses.TheresultisaglobalrealestateservicesfirmwiththeiconicCushman&Wakefieldbrand,steepedinover100yearsofleadership.In2018and2019,wewerenamed#2inourindustry’stopbrandstudy,theLipseyCompany’sTop25CommercialRealEstateBrands.

Thepastseveralyearshavebeenaperiodofrapidgrowthandtransformationforourcompany.Ourexperiencedmanagementteamhasbeenfocusedonintegratingcompanies,drivingoperatingefficiencies,realizingcostsavings,attractingandretainingtalentandimprovingfinancialperformance.InAugust2018,Cushman&Wakefieldsuccessfullycompletedaninitialpublicoffering,listingthefirmontheNewYorkStockExchange(NYSE:CWK).

Today,Cushman&Wakefieldisoneofthetopthreerealestateservicesprovidersasmeasuredbyrevenueandworkforce.Wehavemadesignificantinvestmentsintechnologyandworkflowstosupportourgrowthstrategytoimproveourproductivityanddrivebetteroutcomesforourclients.

In2019,weachievedrecordfullyearfinancialperformancewiththefollowingresults: • Revenueforthefullyearwas$8.8billion,up6%(8%localcurrency).Feerevenuewas$6.4billion,up8%(9%localcurrency).

• FullyearNetincomewas$0.2million,animprovementof$186.0millionover2018withearningspershareof$0.00andAdjustedearningspershareof$1.64.

• FullyearAdjustedEBITDAwas$724.4million,up10%(11%localcurrency).AdjustedEBITDAmarginof11.3%wasup25bps.

Formorecompleteinformationregardingouryear2019performance,pleasereviewourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019.AdjustedEBITDA,AdjustedEBITDAmargin,adjustedearningspershareandlocalcurrencyarenon-GAAP(generallyacceptedaccountingprinciples)financialmeasures.Ourmanagementprincipallyusesthesenon-GAAPfinancialmeasurestoevaluateoperatingperformance,developbudgetsandforecasts,improvecomparabilityofresultsandassistourinvestorsinanalyzingtheunderlyingperformanceofourbusiness.For definitions of these measures, reconciliations to the most closely comparable GAAPmeasure and explanations on the reasons our management uses such measures, please see pages 40-42 in the section entitled“Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K forthe fiscal year ended December 31, 2019.YoucanobtainafreecopyofourAnnualReportonForm10-KatthewebsiteoftheSecuritiesandExchangeCommission(the“SEC”),www.sec.gov,orbysubmittingawrittenrequestby(i)mailtoCushman&Wakefieldplc,Attention:InvestorRelations,225WestWackerDrive,Chicago,Illinois60606,(ii)telephoneat+1312-338-7860or(iii)e-mailatir@cushwake.com.

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Summary of Board Nominees

ThefollowingtableprovidessummaryinformationabouteachofthedirectornomineeswhoisbeingvotedonbyshareholdersattheAnnualMeeting.

Name Age Director Since

Principal/Most Recent Occupation Committees

Other Public Company Boards

BrettWhite 60 2015 ExecutiveChairmanandCEOofCushman&Wakefield None NoneRichardMcGinn*

73

2019

FormerFounder/InvestorinSkyCapital

Audit,

Compensation None

JodieMcLean* 51 2018 ChiefExecutiveOfficerofEDENS Audit OneBillieWilliamson* 67 2018 FormerSeniorAssurancePartneratErnst&Young Audit Two*IndependentDirector

Executive Compensation Highlights

Our Philosophy

Ourcompensationphilosophyistoprovideanattractive,flexibleandeffectivecompensationpackagetoourexecutiveofficersthatistiedtoourcorporateperformanceandalignedwiththeinterestsofourshareholders.Ourexecutivecompensationprogramisdesignedtohelpusrecruit,motivateandretainthecaliberofexecutiveofficersnecessarytodeliverconsistenthighperformancetoourclients,shareholdersandotherstakeholders.

Oneofourgrowthstrategiesistorecruit,hireandretaintoptalent.Weattractandretainhighqualityemployees.Theseemployeesproducesuperiorclientresultsandpositionustowinadditionalbusinessacrossourplatform.Webelieveourpeoplearethekeytoourbusinessandwehaveinstilledanatmosphereofcollectivesuccess.Ourcompensationpoliciesandpracticesalsoallowustocommunicateourgoalsandstandardsofconductandperformanceandtomotivateandrewardemployeesfortheirachievements.Ingeneral,thesameprinciplesgoverningthecompensationofourexecutiveofficersalsoapplytothecompensationofallouremployees,whichinclude: • Retainandhirethebestleaders.

• Payforperformance.

• Rewardlong-termgrowthandprofitability.

• Tiecompensationtobusinessperformance.

• Alignexecutivecompensationwithshareholderinterests.

• Limitedpersonalbenefits.

Last Year’s Say-on-Pay Vote

Atour2019annualgeneralmeetingofshareholders,shareholdersapprovedour2018compensationofournamedexecutiveofficerswith96.6%ofthevotescastinfavorofourpractices.Giventhehighlevelofsupport,theCompensationCommitteedidnotmakeanysignificantchangestoitsapproachtoexecutivecompensationspecificallyasaresultofthis“say-on-pay”vote.

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Annual Compensation

Setforthbelowisthe2019compensationforourNamedExecutiveOfficers.SeethefootnotesaccompanyingtheSummaryCompensationTableonpage25formoreinformation.

Name and Principal Position Year Salary Bonus Stock Awards

Option Awards

Non-Equity Incentive Plan Compensation

All Other Compensation Total

Brett White,Executive Chairman and Chief Executive Officer 2019 $ 950,000 — $ 6,150,409 — $ 2,152,503 — $ 9,252,912Duncan Palmer,EVP, Chief Financial Officer 2019 $ 600,000 — $ 2,600,279 — $ 968,747 $ 7,000 $ 4,176,026John Forrester,EVP, Global President 2019 $ 593,101 — $ 2,600,279 — $ 1,235,250 $ 80,078 $ 4,508,708Nathaniel Robinson,Chief Investment Officer and EVP of Strategic Planning 2019 $ 389,151 — $ 520,052 — $ 413,200 $ 7,000 $ 1,329,402Brett Soloway,EVP, General Counsel and Corporate Secretary 2019 $ 495,479 — $ 832,089 — $ 387,375 — $ 1,714,943

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TABLE OF CONTENTS

PROPOSAL1 ELECTIONOFDIRECTORS 1

CORPORATEGOVERNANCE 4

PROPOSAL2 RATIFICATIONOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRM 11

AUDITANDOTHERFEES 12

PROPOSAL3 APPOINTMENTOFUKSTATUTORYAUDITOR 14

PROPOSAL4 AUDITCOMMITTEEAUTHORIZATIONTODETERMINECOMPENSATIONOFUKSTATUTORYAUDITOR 15

PROPOSAL5 ADVISORYVOTEONCOMPENSATIONOFNAMEDEXECUTIVEOFFICERS 16

COMPENSATIONDISCUSSIONANDANALYSIS 17

DIRECTORSANDEXECUTIVEOFFICERS 35

PROPOSAL6 ADVISORYVOTEONDIRECTORCOMPENSATIONREPORT 39

SECURITYOWNERSHIP 40

CERTAINRELATIONSHIPSANDRELATED-PARTYTRANSACTIONS 42

GENERALINFORMATIONABOUTTHEANNUALMEETING 44

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PROPOSAL 1 ELECTION OF DIRECTORSOurBoardhasnominatedfourClassIIdirectorsforelectionatthisAnnualMeetingtoholdofficeuntiltheannualgeneralmeetingofshareholderstobeheldin2023andtheelectionoftheirsuccessors.AllofthenomineeswereselectedtoserveonourBoardbasedon: • outstandingachievementintheirprofessionalcareers;

• broadexperience;

• personalandprofessionalintegrity;

• theirabilitytomakeindependent,analyticalinquiries;

• financialliteracy;

• maturejudgment;

• high-performancestandards;

• familiaritywithourbusinessandindustry;and

• anabilitytoworkcollegially.

Wealsobelievethatallofourdirectornomineeshaveareputationforhonestyandadherencetohighethicalstandards.EachagreedtobenamedinthisProxyStatementandtoserveifelected.

Director Nomination Criteria: Qualifications, Skills and ExperienceThecriteriaforselectingdirectorcandidatesissetoutintheCorporateGovernanceGuidelinesandinthecharteroftheNominatingandCorporateGovernanceCommittee.Bothofthesedocumentsareavailableathttp://ir.cushmanwakefield.com/governance.Inevaluatingcandidates,theBoardseeksindividualsofhighintegrityandgoodjudgmentwhohavearecordofaccomplishmentintheirchosenfields,andwhodisplaytheindependenceofmindandstrengthofcharactertoeffectivelyrepresentthebestinterestofallshareholdersandprovidepracticalinsightsanddiverseperspectives.TheNominatingandCorporateGovernanceCommitteeisresponsibleforidentifyingandscreeningcandidates,fordevelopingandrecommendingtotheBoardcriteriafornominees,forevaluatingcandidatesrecommendedornominatedbyshareholders,forrecommendingtotheBoardallnomineesforelectiontotheBoardattheannualgeneralmeetingofshareholders,andforrecommendinganyotheractionwithrespecttocandidatesnominatedbyshareholders.TheCorporateGovernanceGuidelinesandthecharteroftheNominatingandCorporateGovernanceCommitteeauthorizetheNominatingandCorporateGovernanceCommitteetodeterminethequalifications,qualities,skillsandotherexpertiserequiredtobeadirectorbutalsosetsoutthefollowingminimumqualificationrequirements: • integrity,

• strengthofcharacter,

• judgment

• businessexperience,

• specificareasofexpertise,

• abilitytodevotesufficienttimetoattendanceatandpreparationforBoardmeetings,

• factorsrelatingtocompositionoftheBoard(includingsizeandstructure),and

• principlesofdiversity.

TheBoardhasnotintroducedtermoragelimits.WhiletermlimitscouldhelpensurethatfreshideasandviewpointsareavailabletotheBoard,theyholdthedisadvantageoflosingthecontributionofdirectorswhohavebeenabletodevelop,overaperiodoftime,increasedinsightintotheCompany

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anditsoperationsand,therefore,providesignificantcontributionstotheBoardasawhole.Asanalternativetotermlimits,theNominatingandCorporateGovernanceCommitteereviewseachdirector’scontinuedtenureontheBoardannually.

TheNominatingandCorporateGovernanceCommitteemayconsidercandidatesforourBoardfromanyreasonablesource,includingfromasearchfirmengagedbytheNominatingandCorporateGovernanceCommitteeorshareholderrecommendations.During2019,theNominatingandCorporateGovernanceCommitteeengagedasearchfirmtoassistitwiththepotentialcandidacyofMr.McGinn,whowasappointedtotheBoardonJune6,2019.

Althoughwedonothaveaformalpolicywithregardtotheconsiderationofanydirectornomineesrecommendedbyshareholders,ashareholderorgroupofshareholdersmayrecommendpotentialcandidatesforconsideration.WedonothavesuchapolicybecausetheNominatingandCorporateGovernanceCommitteebelievesthatitcanadequatelyevaluateanysuchnomineesonacase-by-casebasis.

ShareholdersseekingtorequestthatanindividualbenominatedasadirectormustgenerallydeliveranysuchrequestandaccompanyinginformationinwritingtotheCorporateSecretaryat225WestWackerDrive,Chicago,Illinois60606notearlierthanthecloseofbusinessontheonehundredandtwentieth(120)calendardaynorlaterthanthecloseofbusinessontheninetieth(90)calendardaypriortothedateofthefirstanniversaryoftheprecedingyear’sannualgeneralmeeting.Therequestmustincludeallinformationrelatingtosuchdirectornomineethatisrequiredtobedisclosedinaproxystatementorotherfilingsrequiredtobemadeinconnectionwithsolicitationsofproxiesforelectionofdirectors,orisotherwiserequired,pursuanttoRegulation14AundertheSecuritiesandExchangeActof1934,asamended(the“ExchangeAct”),includingsuchperson’swrittenconsenttobenamedintheproxystatementasnomineeandtoserveasadirectorifelected.Inaddition,therequestmustinclude,amongotherthings: • thenominatingshareholder’sorshareholders’name(s)andaddress(es)astheyappearontheCompany’sbooks;

• theclassandnumberofsharesbeneficiallyownedbythenominatingshareholder(s);

• anyotherinformationrelatingtosuchshareholder(s)thatwouldberequiredtobedisclosedinaproxystatementorotherfilingsrequiredtobemadeinconnectionwithsolicitationsofproxiespursuanttoRegulation14AundertheExchangeAct;and

• totheextentknownbytheshareholder(s)givingnotice,thenameandaddressofanyothershareholder(s)supportingtheelectionofthedirectorcandidate.

2020 Director NomineesBrett WhiteAge:60Director Since:2015Committees:NoneClass II DirectorMr.WhitehasservedasExecutiveChairmanandChiefExecutiveOfficerofCushman&Wakefieldsince2015.PriortojoiningCushman&Wakefield,Mr.Whitehada28-yearcareerwithCBRE,servingasChiefExecutiveOfficerfrom2005to2012andPresidentfrom2001to2005.HewasalsoamemberofCBRE’sboardofdirectorsfrom1998to2013.Previously,heservedasatrusteeoftheUniversityofSanFranciscoandasamemberoftheboardofdirectorsforEdisonInternational,SouthernCaliforniaEdison,RealogyHoldingsCorporationandMossimo,Inc.Mr.WhiteholdsaB.A.inBiologyfromtheUniversityofCalifornia,SantaBarbara.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMr.White’sextensiveexperience,globalleadershipandknowledgeofcommercialrealestatequalifieshimtoserveontheBoard.

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Richard McGinnAge:73Director Since:2019Committees:Audit,CompensationClass II DirectorMr.McGinnheldnumerousexecutivepositionsatAT&Tfrom1969to1996.HeservedasPresident,thenCEOandChairmanofLucentTechnologiesfrom1996to2000.HewasaGeneralPartneratRREVenturesfrom2001to2010.HealsoservedasChairmanthenCEOofVeriFoneSystems,Inc.from2012to2013.HewasafounderandinvestorinSkyCapitalfrom2014to2016.Mr.McGinnpreviouslyservedontheboardsofAmericanExpress,VeriFoneSystems,ViaSystems,Cyota,Broadsoft,andNexsan.HeholdsaB.A.fromGrinnellCollege.

Qualifications, Attributes and Skills: Mr.McGinnbringstotheBoardhissubstantialbusiness,investmentandfinancialexperience,hisexpertiseinanalyzingbusinessdevelopmentsandopportunitiesintelecommunications,mobile,onlineandnewtechnologies,aswellashiscorebusinessandleadershipskillsandpubliccompanydirectorexperience.

Jodie McLeanAge:51Director Since:2018Committees:AuditMs.McLeanhasservedastheChiefExecutiveOfficerofEDENSsince2015.PriortothatsheservedasPresidentandChiefInvestmentOfficerofEDENSfrom2002.Ms.McLeanalsoservesontheboardofdirectorsofExtendedStayAmerica,Inc.andWoffordCollegeamongothers.SheholdsaB.S.fromtheUniversityofSouthCarolinaandadegreefromSouthCarolinaHonorsCollege.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMs.McLeanbringsmorethan25yearsofrealestate,investmentandmanagementexpertisetotheBoard.

Billie WilliamsonAge:67Director Since:2018Committees:AuditMs.WilliamsonservedinvariousrolesatErnst&YoungL.L.P.,mostrecentlyintheroleofSeniorAssurancePartner,from1974to1993and1998to2011.ShealsoworkedatMarriottInternational,Inc.from1996to1998asSeniorVicePresident,FinanceandCorporateController,andbeforethatatAMXCorporationfrom1993to1996asChiefFinancialOfficer.Ms.WilliamsonalsoservesorhasservedontheboardsofdirectorsofXLGroupLtd.,Pentairplc,PharosCapitalBDC,Inc.,CSRAInc.,JanusCapitalGroup,ITTExelisInc.,Annie’sInc.,EnergyFutureHoldingsCorporationandKratonCorporation.SheholdsaB.B.A.fromSouthernMethodistUniversity.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMs.Williamsonbringssignificantexpertiseandleadershipinfinance,accountingandpubliccompanygovernancetotheBoard.

Required VoteAnomineemustreceivemorevotes“FOR”than“AGAINST”herorhisre-electioninordertobere-elected.Shareholdersmayvote“FOR”or“AGAINST”allfouroranyofthenomineesormayelectto“ABSTAIN”theirvoteforallfouroranyofthenominees.Votesto“ABSTAIN”withrespecttoanomineeandbrokernon-votesarenotconsideredvotescast,andsowillnotaffecttheoutcomeofthenominee’selection.

Recommendation

Our Board recommends that shareholders vote “FOR” all of the nominees.

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CORPORATE GOVERNANCE

Corporate Governance Compensation Accountability Shareholder Rights• 9directors,8ofwhomareindependent

• Shareownershiprequirementsfornon-employee

directorsandexecutiveofficers • Shareholderrightstocallspecialmeetings

• Independentleaddirector• Policyrestrictingtrading,andprohibitinghedging

andshort-selling,ofourshares • Majorityvotingrequirementfordirectorsin

uncontestedelections

• Regularexecutivesessionsofindependentdirectors• Compensationclawbackpolicyforexecutive

officers • AdvisorySay-on-PayVote—Annual

• AllBoardcommitteesconsistentirelyofindependentdirectors

• Nogross-upfortaxliabilities

• Alldirectorsattendedatleast75%ofBoardandapplicableBoardcommitteemeetings

• RobustCodeofBusinessConductandEthicsandothergovernancepolicies

Shareholder Recommendations of Director CandidatesIfyouareashareholderwhowouldliketorecommendacandidateforourNominatingandCorporateGovernanceCommitteetoconsiderforpossibleinclusioninour2021proxystatement,youmustsendnoticetoourCorporateSecretaryat225WestWackerDrive,Chicago,Illinois60606,byregistered,certifiedorexpressmail,andprovideabriefbiographyoftherecommendedcandidate,adocumentindicatingtherecommendedcandidate’swillingnesstoserveifelected,andevidenceofyourshareownership.TheNominatingandCorporateGovernanceCommitteeoritschairwillthenconsidertherecommendeddirectorcandidateinaccordancewiththecriteriafordirectorselectiondescribedunder“Proposal1—ElectionofDirectors—DirectorNominationCriteria:Qualifications,SkillsandExperience”onpage1.

Director IndependenceSinceourinitialpublicofferinginAugust2018,ourordinaryshareshavebeenlistedontheNewYorkStockExchange(“NYSE”).Subjecttocertainexceptions,theNYSErulesrequirethat(i)independentdirectorscompriseamajorityofalistedcompany’sboardofdirectorsand(ii)eachmemberofalistedcompany’saudit,compensationandnominatingandcorporategovernancecommitteesbeindependent.MembersofthecompensationcommitteeandtheauditcommitteeofalistedcompanymustalsosatisfycertainenhancedindependencerequirementsunderNYSErulesandtheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”),includingRule10A-3.

OurBoardhasundertakenareviewofitscomposition,thecompositionofitscommitteesandtheindependenceofeachdirector.Baseduponinformationrequestedfromandprovidedbyeachdirectorconcerninghisorherbackground,employmentandaffiliations,includingfamilyrelationships,ourBoardhasdeterminedthateightoutofnineofourcurrentdirectorsareindependentunderNYSErules.TheindependentdirectorsareMessrs.Coslet,Dattels,McGinn,PanandRuparelia,andMses.Chen,McLeanandWilliamson.OurBoardhasalsodeterminedthatMr.McGinn,Ms.McLeanandMs.Williamson,whocompriseourAuditCommittee,Mr.Dattels,Mr.McGinnandMr.Pan,whocompriseourCompensationCommittee,andMr.Dattels,Mr.PanandMr.Ruparelia,whocompriseourNominatingandCorporateGovernanceCommittee,satisfytheindependencestandardsforthosecommitteesundertheapplicablerulesoftheNYSEandtheExchangeAct.

Priortothecompletionoftheunderwrittenpublicofferingof10,000,000ofourordinarysharesonNovember14,2019,wewerea“controlledcompany”withinthemeaningoftheNYSErules.UndertheNYSErules,acompanyofwhichmorethan50%ofthevotingpowerisheldbyanindividualgrouporanothercompanyisa“controlledcompany”andmayelectnottocomplywithcertainNYSEcorporate

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governancestandards,including:therequirementthatamajorityoftheboardofdirectorsconsistofindependentdirectors;therequirementthatwehaveanominatingandcorporategovernancecommitteethatiscomposedentirelyofindependentdirectorswithawrittencharteraddressingthecommittee’spurposeandresponsibilities;therequirementthatwehaveacompensationcommitteethatiscomposedentirelyofindependentdirectorswithawrittencharteraddressingthecommittee’spurposeandresponsibilities;andtherequirementforanannualperformanceevaluationofthenominatingandcorporategovernanceandcompensationcommittees.Wedidnotutilizeanyoftheseexemptions.Asnotedabove,wearenolongera“controlledcompany”andthusarenolongereligibletoutilizetheseexemptions.

Whilethe“controlledcompany”exemptiondescribedabovedoesnotmodifytheindependencerequirementsforanauditcommitteeofalistedcompany,boththeNYSErulesandRule10A-3undertheExchangeActpermitalistedcompanytohaveamajorityofindependentdirectorsonitsauditcommitteeuntiloneyearfromthedateofeffectivenessofaregistrationstatementforaninitialpublicoffering.Aftersuchtransitionperiod,theauditcommitteeisrequiredtobecomprisedentirelyofindependentdirectors.In2019,weutilizedthistransitionperioduntilMr.McGinnreplacedMr.RupareliaonourAuditCommitteeonJune6,2019.

Independent Director MeetingsOurindependentdirectorsregularlymeetinexecutivesessionwithoutmanagementormanagementdirectorspresent.OurLeadDirectorpresidesatsuchmeetings.

Board CompositionOurbusinessandaffairsaremanagedunderthedirectionofourBoard.Mr.McGinnjoinedourBoardonJune6,2019,and,asofMarch17,2020,Ms.MacKayresignedfromourBoardtobecomeourChiefOperatingOfficer.Thus,ourBoardiscomprisedofninedirectors.OurArticlesofAssociationprovidethatourBoardwillhaveaminimumoffiveandmaximumofelevendirectors.OurBoardisdividedintothreeclasses,witheachdirectorservingathree-yeartermandoneclassbeingelectedateachyear’sannualgeneralmeetingofshareholders.Mr.White,Mr.McGinn,Ms.McLeanandMs.WilliamsonserveasClassIIdirectorswithatermexpiringattheAnnualMeeting.Messrs.Dattels,PanandRupareliaserveasClassIIIdirectorswithatermexpiringin2021.Mr.CosletandMs.ChenserveasClassIdirectorswithatermexpiringin2022.Upontheexpirationofthetermofofficeforeachclassofdirectors,eachdirectorinsuchclassshallbeelectedforatermofthreeyearsandserveuntilasuccessorisdulyelectedandqualifiedoruntilhisorherearlierdeath,resignationorremoval.Anyadditionaldirectorshipsresultingfromanincreaseinthenumberofdirectorsoravacancymaybefilledbythedirectorstheninoffice.

Mr.WhiteservesastheExecutiveChairmanofourBoardandourCEO.WhentheExecutiveChairmanisalsotheCEO,ourCorporateGovernanceGuidelinesprovidethatourBoardmayelectoneofourindependentdirectorstoserveasLeadDirector.Mr.DattelscurrentlyservesasourLeadDirectorandisresponsibleforservingasliaisonbetweentheChairmanandtheindependentdirectors,approvingmeetingagendasandschedulesfortheBoardandpresidingatexecutivesessionsoftheindependentdirectorsandanyotherBoardmeetingsatwhichtheChairmanisnotpresent,amongotherresponsibilities.

Inconnectionwiththeclosingofourinitialpublicoffering,weenteredintoaShareholders’Agreement(the“Shareholders’Agreement”)withTPGGlobal,LLC(“TPG”),PAGAsiaCapital(“PAG”),andOntarioTeachers’PensionPlan(“OTPP”,andcollectivelywithTPGandPAG,the“PrincipalShareholders”).TheShareholders’AgreementprovidesthatthePrincipalShareholdershavecertainnominationrightstodesignatecandidatesfornominationtoourBoard.SubjecttoanyrestrictionsunderapplicablelawortheNYSErules,eachofTPGandPAGalsohastheabilitytoappointonedirectortoeachboardcommittee,andOTPPhastheabilitytoappointadirectortotheNominatingandCorporateGovernanceCommittee.

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AssetforthintheShareholders’Agreement,forsolongaseachofTPGandPAGownatleast7.5%ofourtotalordinarysharesoutstandingasoftheclosingofourinitialpublicoffering,TPGandPAGwilleachbeentitledtodesignatefornominationtwooftheseatsonourBoard.Thereafter,eachofTPGandPAGwillbeentitledtodesignatefornominationonedirectorsolongastheyeachownatleast2.5%ofourtotalordinarysharesoutstandingasoftheclosingofourinitialpublicoffering.Further,forsolongasOTPPownsatleast2.5%ofourtotalordinarysharesoutstandingasoftheclosingofourinitialpublicoffering,itwillbeentitledtodesignatefornominationonedirectoronourBoard.

Asnotedabove,priortothecompletionoftheunderwrittenpublicofferingof10,000,000ofourordinarysharesonNovember14,2019,wewerea“controlledcompany”withinthemeaningoftheNYSErulesbecausemorethan50%ofourvotingpowerwasheldbythePrincipalShareholders.Whilewewerea“controlledcompany”,thePrincipalShareholdersjointlyhadtherighttodesignatefornominationoneadditionaldirector(the“JointDesignee”),whomustqualifyasindependentundertherulesandmustmeettheindependencerequirementsofRule10A-3oftheExchangeAct.ThePrincipalShareholderspreviouslynominatedMs.McLeantoourBoardastheJointDesignee.Ms.McLeanisaClassIIdirectorandhasbeennominatedbyourBoard(notasaJointDesigneeofthePrincipalShareholders)forre-electionasaClassIIdirectorattheAnnualMeeting.

Wearerequired,totheextentpermittedbyapplicablelaw,totakeallnecessaryaction(asdefinedintheShareholders’Agreement)tocauseourBoardandeachBoardcommitteetoincludecertainpersonsdesignatedbythePrincipalShareholdersintheslateofdirectornomineesrecommendedbytheBoardforelectionbytheshareholdersandsolicitproxiesandconsentsinfavorofsuchdirectornominees.SubjecttothetermsoftheShareholders’Agreement,eachPrincipalShareholderagreestovoteitssharesinfavoroftheelectionofthedirectornomineesdesignatedbyeachofthePrincipalShareholders.

InaccordancewiththeShareholders’Agreement,TPGhasnominatedMr.CosletandMr.Dattels,PAGhasnominatedMr.PanandMs.ChenandOTPPhasnominatedMr.RupareliatoourBoard.

Compensation Committee Interlocks and Insider ParticipationDuring2019,noneofthemembersoftheCompensationCommittee(a)wasanofficeroremployeeoftheCompanyoranyofitssubsidiaries,(b)wasaformerofficeroftheCompanyoranyofitssubsidiariesor(c)hadanyrelatedpartyrelationshipsrequiringdisclosureunderItem404ofSECRegulationS-K.During2019,noexecutiveofficeroftheCompanyservedasamemberoftheboardofdirectorsoronthecompensationcommitteeofanyothercompany,oneofwhoseexecutiveofficersordirectorsserveorservedasamemberofourBoardorourCompensationCommittee.

Board of Directors’ Role in Risk OversightOurBoard,asawholeandthroughitscommittees,hasresponsibilityfortheoversightofriskmanagement.Initsriskoversightrole,ourBoardhastheresponsibilitytosatisfyitselfthattheriskmanagementprocessesdesignedandimplementedbymanagementareadequateandfunctioningasdesigned.OurBoardoverseesanenterprise-wideapproachtoriskmanagement,designedtosupporttheachievementoforganizationalobjectives,includingstrategicobjectives,toimprovelong-termorganizationalperformanceandenhanceshareholdervalue.

Code of Business Conduct and EthicsOurBoardhasadoptedaCodeofBusinessConductandEthicsapplicabletoourChiefExecutiveOfficerandseniorfinancialofficersandallpersonsperformingsimilarfunctions.Acopyofthatcodeisavailableonourcorporatewebsiteatwww.cushmanwakefield.com/investorrelations.Weexpectthatanyamendmentstosuchcode,oranymaterialwaiversofitsrequirements,willbedisclosedonourwebsite.

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Board Meetings and CommitteesOurBoardheldfourmeetingsin2019.In2019,eachdirectorattendedatleast75%oftheaggregateofallmeetingsoftheBoardandofanycommitteesheorsheservedduringtheperiodsuchdirectorwasontheBoardorcommittee.

Wealsoencourageourdirectorstomakeeveryefforttoattendourannualgeneralmeetingofshareholdersunlesstheyhaveanunavoidableconflict.Eightoutofourninethen-currentdirectorsattendedour2019annualgeneralmeetingofshareholders.

OurBoardcurrentlyhasthreestandingcommittees:AuditCommittee,CompensationCommitteeandNominatingandCorporateGovernanceCommittee,eachofwhichconsistssolelyofindependentdirectors.Eachstandingcommitteehasadoptedawrittencharter,meetsperiodicallythroughouttheyear,reportsitsactionsandrecommendationstotheBoard,receivesreportsfromseniormanagementandhastheauthoritytoretainoutsideadvisorsinitsdiscretion.Theprimaryresponsibilitiesofeachcommitteearesummarizedbelowandsetforthinmoredetailineachcommittee’swrittencharter,whichcanbefoundinthecorporategovernancesectiononourwebsiteathttp://ir.cushmanwakefield.com.

ThefollowingtabledescribesthecurrentmembersofeachstandingcommitteeandthenumberofmeetingsheldbyourBoardandeachstandingcommitteein2019:

Director* Board Audit

Committee CompensationCommittee

Nominatingand

CorporateGovernanceCommittee

BrettWhite Chair JonathanCoslet ✓ TimothyDattels LeadDirector Chair ✓QiChen ✓ RichardMcGinn** ✓ ✓ ✓ JodieMcLean ✓ ✓ LincolnPan ✓ ✓ ChairRajeevRuparelia*** ✓ ✓BillieWilliamson ✓ Chair Number of Meetings 4 9 5 4

* MichelleMacKaywasamemberoftheBoardduringallof2019andthroughherresignationonMarch17,2020tobecomeourChiefOperatingOfficer.

Ms.MacKaywasalsoamemberoftheCompensationCommitteefromMarch7,2019throughFebruary27,2020.** Mr.McGinnwasappointedtotheBoardandtheAuditCommitteeonJune6,2019.HewasalsoappointedtoreplaceMs.MacKayontheCompensation

CommitteeonFebruary27,2020.*** Mr.RupareliaservedontheAuditCommitteeduring2019untilMr.McGinnwasappointedtoreplacehimonJune6,2019.Mr.Rupareliaalsoservedonthe

CompensationCommitteeduring2019untilMs.MacKaywasappointedtoreplacehimonMarch7,2019.

Audit Committee

ThemembersoftheAuditCommitteeareMs.Williamson(chair),Mr.McGinnandMs.McLean,allofwhomareindependent.OurBoardhasdeterminedthateachmemberisfinanciallyliterate,andthatMs.Williamsonisanauditcommitteefinancialexpert.TheprimaryresponsibilitiesoftheAuditCommitteeare:

• appointingourindependentregisteredpublicaccountingfirmannually;evaluatingtheindependentauditor’sindependenceand

performanceandreplacesitasnecessary;pre-approvingallauditandnon-auditservices;andsettingguidelinesforthehiringofformeremployeesoftheindependentauditor;

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• reviewingtheauditplansandfindingsofourindependentauditorandourinternalauditfunction;

• reviewingwithourmanagementandindependentauditorourfinancialstatements,includinganysignificantfinancialreportingissuesandchangesinaccountingpolicies;

• reviewingwithourmanagementandindependentauditortheadequacyofourinternalcontrolsoverfinancialreporting;

• overseeingourpoliciesandprocedureswithrespecttoriskassessmentandriskmanagement;and

• overseeingtheimplementationandeffectivenessofourcomplianceandethicsprogram,includingour“whistleblowing”procedures.

Nominating and Corporate Governance Committee

ThemembersoftheNominatingandCorporateGovernanceCommitteeareMr.Pan(chair),Mr.DattelsandMr.Ruparelia,allofwhomareindependent.TheprimaryresponsibilitiesoftheNominatingandCorporateGovernanceCommitteeare: • developingandrecommendingcriteriatotheBoardforselectingnewdirectors;

• conductinginquiriesintothebackgroundandqualificationsofcandidatesfortheBoardandrecommendingproposednomineestotheBoard;

• recommendingcorporategovernanceguidelinestotheBoard;and

• overseeingtheevaluationoftheperformanceoftheBoard.

Compensation Committee

ThemembersoftheCompensationCommitteeareMr.Dattels(chair),Mr.PanandMr.McGinn,allofwhomareindependent.TheprimaryresponsibilitiesoftheCompensationCommitteeare:

• reviewingandrecommendingtotheBoardforapprovalthecorporategoalsandobjectivesrelevanttothecompensationofour

CEO;evaluatingtheperformanceofourCEOinlightofthosegoalsandobjectives;andrecommendingtotheBoardforapprovalthecompensationofourCEObasedonthatevaluation;

• reviewingandapprovingthecorporategoalsandobjectivesrelevanttothecompensationofourexecutiveofficers(otherthanthe

CEO);evaluatingtheperformanceofourexecutiveofficers(otherthantheCEO)inlightofthosegoalsandobjectives;anddeterminingthecompensationofourexecutiveofficers(otherthantheCEO)basedonthatevaluation;

• reviewingandapprovingpoliciesandguidelinesrelatedtothecompensationofourexecutiveofficersanddirectors;and

• establishing,reviewingandadministeringourcompensationandemployeebenefitplans.

Stock Ownership PolicyWerecognizetheimportanceofaligningtheinterestsofourmanagementanddirectorswiththoseofourshareholders.Asaresult,theBoardhasestablishedastockownershippolicywherebyourNamedExecutiveOfficersanddirectorswhoarenotemployeesoftheCompanyoranyPrincipalShareholder(a“Non-EmployeeDirector”)areexpectedtoaccumulate“OwnedEquity”and“QualifyingEquity”inCompanystockhavingafairmarketvalueequaltothemultiplesofannualbasesalarysetforthinthetablebelow.

Owned Equity (vested but unsettled RSUs, ordinary shares beneficially owned and shares held in a 401(k) plan or notionally 

through a deferred compensation plan)

Qualifying Equity (all “Owned Equity” plus 

unvested  time-based RSUs)ChiefExecutiveOfficer 2xSalary 6xSalaryOtherNamedExecutiveOfficers 1xSalary 3xSalaryNon-EmployeeDirectors N/A 5xAnnualCashRetainer

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AnyNamedExecutiveOfficerorNon-EmployeeDirectorwhodoesnotmeetorexceedtheseguidelinesissubjecttoretentionrequirementsthatrestrictthesaleofsomeorallofsuchperson’sequity.OurCEOandNon-EmployeeDirectorsaresubjecttoa100%retentionrequirementandourotherNamedExecutiveOfficersaresubjectto75%retentionrequirements.Theretentionrequirementsdonotapplytosharesacquiredforfairvaluepriortoourinitialpublicoffering,orshareswithheldtosatisfytaxorexercisepricepaymentobligations.AsofDecember31,2019,allofourNamedExecutiveOfficerswereincompliancewiththeapplicableownershiprequirements.OurNon-EmployeeDirectorsarerelativelynewtoourBoardandhavenotyetreachedtheirapplicableownershiprequirements.Thus,eachNon-EmployeeDirectorissubjecttothe100%retentionrequirement.

Derivatives Trading, Hedging and Pledging PoliciesWehaveadoptedaninsidertradingpolicythatprovidesthatnoemployee,officerormemberofourBoardmayacquire,sellortradeinanyinterestorpositionrelatingtothefuturepriceofoursecurities,suchasaputoption,acalloptionorashortsale(includingashortsale“againstthebox”)orengageinhedgingtransactions(including“cashlesscollars”).WehavealsoadoptedageneralpolicythatprohibitsourexecutiveofficersandmembersofourBoardfrompledginganyoftheirordinarysharesascollateralforaloanorotherfinancialarrangement.

Tax ConsiderationsSection162(m)oftheCodegenerallydisallowspubliccompaniesataxdeductionforfederalincometaxpurposesofremunerationinexcessof$1millionpaidtotheNamedExecutiveOfficers.OnceanindividualhasbeenaNamedExecutiveOfficer,thedeductionlimitationappliesindefinitely.Asanewlypubliccompany,wemayrelyuponcertaintransitionreliefunderSection162(m)availableforcertaintypesofcompensation.Nonetheless,theCompensationCommitteebelievesthatthepotentialdeductibilityofthecompensationpayableundertheCompany’sexecutivecompensationprogramshouldbeonlyoneofmanyrelevantconsiderationsinsettingcompensation.Accordingly,theCompensationCommitteehasdeemedormaydeeminthefuturethatitisappropriatetoprovideoneormoreexecutiveofficerswiththeopportunitytoearncompensationthatmaybeinexcessoftheamountdeductiblebyreasonofSection162(m)orotherprovisionsoftheCode.

Wedonotprovideanyexecutiveofficerwitha“gross-up”orotherreimbursementpaymentforanytaxliabilityasaresultoftheapplicationofSections409Aor4999oftheCodeandwehavenotagreedandarenototherwiseobligatedtoprovideanyNamedExecutiveOfficerwithsucha“gross-up”orotherreimbursement.

Communications with our BoardShareholdersandotherinterestedpartiesmaywritetoanyoftheBoard’smembersatCushman&Wakefieldplc,c/oBrettSoloway,ExecutiveVicePresident,GeneralCounselandCorporateSecretary,225WestWackerDrive,Chicago,Illinois60606.TheBoardconsidersshareholderquestionsandcommentstobeimportantandendeavorstorespondpromptlyandappropriately,eventhoughtheBoardmaynotbeabletorespondtoallshareholderinquiriesdirectly.TheGeneralCounselwillreviewanyshareholdercommunicationsandwillforwardtotheChairofourBoard,ourBoardoranyofitsmembersasummaryand/orcopiesofanysuchcorrespondencethatdealswiththefunctionsofourBoardorcommitteesthereoforthattheGeneralCounselotherwisedeterminesrequirestheirattention.CertaincircumstancesmayrequirethatourBoarddepartfromtheproceduresdescribedabove,suchasthereceiptofthreateninglettersore-mailsorvoluminousinquirieswithrespecttothesamesubjectmatter.

Submission of Shareholder Proposals and Board NomineesShareholderswhowishtopresentaproposalinaccordancewithSECRule14a-8forinclusioninourproxymaterialstobedistributedinconnectionwithour2021annualgeneralmeetingofshareholdersmustsubmittheirproposalsinaccordancewiththatrulesothattheyarereceivedbytheSecretaryat

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theaddresssetforthabovenolaterthanthecloseofbusinessonJanuary8,2020.Ifthedateofour2021annualmeetingismorethan30daysbeforeorafterJune10,2021,thenthedeadlinetotimelyreceivesuchmaterialshallbeareasonabletimebeforewebegintoprintandsendourproxymaterials.

Failuretodeliveraproposalinaccordancewiththisproceduremayresultinitnotbeingdeemedtimelyreceived.AstherulesoftheSECmakeclear,simplysubmittingatimelyproposaldoesnotguaranteethatitwillbeincludedinourproxymaterials.

OurArticlesofAssociationrequirethatshareholderswhointendtoproposeanyresolution,includingnominatingcandidatesforelectionasdirectors,atour2021annualmeetingmustprovidenoticeofsuchproposalsinwritingtoourSecretarynoearlierthanthecloseofbusinessonFebruary10,2021andnolaterthanthecloseofbusinessonMarch12,2021,unlessour2021annualgeneralmeetingofshareholdersistobeheldmorethan30daysbeforeormorethan60daysafterJune10,2021,inwhichcasetheshareholder’snoticemustbedeliverednoearlierthanthecloseofbusinessonthe120thdaypriortothe2021annualgeneralmeetingandnolaterthanthecloseofbusinessonthelaterofthe90thdaypriortothe2021annualgeneralmeetingorthe10thdayafterpublicannouncementofthedateofthe2021annualgeneralmeetingisfirstmade.Thenoticemustsetforththeinformationrequiredbyourarticlesofassociation.

Additionally,undersection338oftheUKCompaniesAct,shareholdersmeetingthethresholdrequirementssetforthinthatsectionmayrequireustoincludearesolutioninournoticeofannualgeneralmeeting.Providedthattheappropriatethresholdsaremet,noticeoftheresolutionormattermustbereceivedbyourSecretaryatleastsixweekspriortothedateoftheannualgeneralmeetingor,iflater,atthetimenoticeoftheannualgeneralmeetingisdeliveredtoshareholders.

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PROPOSAL 2 RATIFICATION OF INDEPENDENT REGISTERED PUBLICACCOUNTING FIRMTheAuditCommitteehasappointedKPMGLLPasourindependentregisteredpublicaccountingfirmfortheyearendingDecember31,2020.Althoughtheratificationofthisappointmentisnotrequiredtobesubmittedtoavoteoftheshareholders,theBoardbelievesitappropriateasamatterofpolicytorequestthattheshareholdersratifytheappointmentoftheregisteredpublicaccountingfirmfortheyearendingDecember31,2020.

WeanticipatethatarepresentativeofKPMGLLPwillbepresentattheAnnualMeeting.Therepresentativewillbegiventheopportunitytomakeastatementifheorshedesirestodosoandisexpectedtobeavailabletorespondtoanyappropriatequestionsthatmaybesubmittedbyshareholdersattheannualmeeting.

Required Vote

Thisproposalwillbeapprovedifthenumberofvotescast“FOR”theproposalexceedthenumberofvotescast“AGAINST”theproposal.Abstentionsarenotconsideredvotescastandwillnothaveanyeffectonthisproposal.Ifyouownsharesthroughabank,brokerorotherholderofrecord,yourbrokermayvoteyoursharesonthisproposalintheabsenceofinstructionsfromyoubecausethisisconsideredaroutinematter.

Recommendation

Our Board recommends that shareholders vote “FOR” the proposal to ratify KPMG LLP as ourindependent registered public accounting firm for the year ended December 31, 2020.

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AUDIT AND OTHER FEESThefollowingtableshowsthefeesforauditandotherservicesprovidedbyKPMGLLPforthefiscalyearsendedDecember31,2019and2018:Fees Fiscal 2019 Fiscal 2018 AuditFees $ 10,873,000 $ 10,867,000Audit-RelatedFees 708,000 547,000TaxFees 1,115,000 759,941AllOtherFees — —

TotalFees $ 12,936,000 $ 12,173,941

Adescriptionofthetypesofservicesprovidedineachcategoryisasfollows:

Audit Fees—Includesfeesassociatedwiththeauditofourannualfinancialstatements,reviewofourannualreportonForm10-KandquarterlyreportsonForm10-Q,statutoryaudits,andconsentsandassistancewithandreviewofregistrationstatementsfiledwiththeSEC.Inaddition,auditfeesincludethosefeesassociatedwiththeauditoftheeffectivenessofourinternalcontrolsoverfinancialreportingpursuanttoSection404oftheSarbanes-OxleyAct.

Audit-Related Fees—Includesfeesassociatedwithinternalcontrolmattersandservicesnotrequiredbystatuteorregulation.

Tax Fees—Includesfeesassociatedwithtaxcomplianceatdomesticandinternationallocationsanddomesticandinternationaltaxadvice.

Pre-Approval Policies and ProceduresTheAuditCommittee’spolicyistoreviewandapprovetheplanandscopeoftheauditandnon-auditservicestobeprovidedbytheauditorsandthefeestobepaidforsuchservices.ConsistentwiththeAuditCommitteecharter,allauditandnon-auditservicesprovidedbytheauditorsfortherelevantfinancialyearsareapprovedbytheAuditCommittee,whichdetermineswhethertheservicesprovidedbytheauditorsarecompatiblewithmaintainingtheauditorindependence.

Audit Committee ReportTheAuditCommitteeoperatespursuanttoacharteradoptedbytheBoard.TheAuditCommitteereviewsandassessestheadequacyofthischarterannually.Additionally,abriefdescriptionoftheprimaryresponsibilitiesoftheAuditCommitteeisincludedinthisproxystatementunder“TheBoardofDirectorsandCertainGovernanceMatters—CommitteeMembershipandResponsibilities—AuditCommittee.”

Intheperformanceofitsoversightfunction,theAuditCommitteereviewedanddiscussedtheauditedfinancialstatementsoftheCompanyfortheyearendedDecember31,2019withmanagementandwiththeindependentregisteredpublicaccountingfirm.

Discussionsincluded,amongotherthings: • theacceptabilityandqualityoftheaccountingprinciples;

• thereasonablenessofsignificantaccountingjudgmentsandcriticalaccountingpoliciesandestimates;

• theclarityofdisclosuresinthefinancialstatements;and

• theadequacyandeffectivenessofCushman&Wakefield’sfinancialreportingproceduresanddisclosurecontrolsandprocedures.

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ManagementrepresentedtotheAuditCommitteethattheCompany’sconsolidatedfinancialstatementsasofandforthefiscalyearendedDecember31,2019werepreparedinaccordancewithgenerallyacceptedaccountingprinciples.TheAuditCommitteealsodiscussedwithmanagementandKPMGLLPtheprocessusedtosupportcertificationsbytheCompany’sChiefExecutiveOfficerandChiefFinancialOfficerthatarerequiredbytheSECandtheSarbanes-OxleyActof2002toaccompanytheCompany’speriodicfilingswiththeSECandtheprocessusedtosupportmanagement’sannualreportontheCompany’sinternalcontrolsoverfinancialreporting.

TheAuditCommitteealsodiscussedwiththeindependentregisteredpublicaccountingfirmthemattersrequiredtobediscussedbyapplicablePublicCompanyAccountingOversightBoard(“PCAOB”)standards(includingsignificantaccountingpolicies,alternativeaccountingtreatments,criticalauditmattersandestimates,judgmentsanduncertainties).Inaddition,theAuditCommitteereceivedthewrittendisclosuresandtheletterfromtheindependentregisteredpublicaccountingfirmrequiredbyapplicablerequirementsofthePCAOBregardingtheindependentregisteredpublicaccountingfirm’scommunicationswiththeAuditCommitteeconcerningindependenceanddiscussedwiththeindependentregisteredpublicaccountingfirmtheirindependence.

Baseduponthereviewanddiscussionsdescribedintheprecedingparagraph,theAuditCommitteerecommendedtotheBoardthattheauditedfinancialstatementsoftheCompanybeincludedintheAnnualReportonForm10-KfortheyearendedDecember31,2019filedwiththeSEC.

SubmittedbytheAuditCommitteeoftheCompany’sBoardofDirectors:

BillieWilliamson(Chair)RichardMcGinnJodieMcLean

NotwithstandinganystatementinanyofourfilingswiththeSECthatmightbedeemedtoincorporatepartorallofanyfilingswiththeSECbyreference,includingthisProxyStatement,theforegoingAuditCommitteeReportisnotincorporatedintoanysuchfiling.

Shareholder Requests Under Section 527 of the UK Companies ActUndersection527oftheUKCompaniesAct,shareholdersmeetingthethresholdrequirementssetoutinthatsectionhavetherighttorequiretheCompanytopublishonawebsiteastatementsettingoutanymatterrelatingto:(i)theauditoftheCompany’saccounts(includingtheauditor’sreportandtheconductoftheaudit)thataretobelaidbeforethemeeting;or(ii)anycircumstanceconnectedwithanauditoroftheCompanyceasingtoholdofficesincethepreviousmeetingatwhichannualaccountsandreportswerelaidinaccordancewithsection437oftheUKCompaniesAct.TheCompanymaynotrequiretheshareholdersrequestinganysuchwebsitepublicationtopayitsexpensesincomplyingwithsection527orsection528oftheUKCompaniesAct.WheretheCompanyisrequiredtoplaceastatementonawebsiteundersection527oftheUKCompaniesAct,itmustforwardthestatementtotheCompany’sauditornotlaterthanthetimewhenitmakesthestatementavailableonthewebsite.ThebusinesswhichmaybedealtwithatthemeetingincludesanystatementthattheCompanyhasbeenrequiredundersection527oftheUKCompaniesActtopublishonawebsite.

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PROPOSAL 3 APPOINTMENT OF UK STATUTORY AUDITORUndertheUKCompaniesAct,theCompanyisrequiredtoappointtheUKstatutoryauditorateachmeetingatwhichtheannualreportandaccountsarepresentedtoshareholders,toholdofficeuntiltheconclusionofthenextsuchmeeting.TheAuditCommitteehasrecommendedtotheBoardthere-appointmentofKPMGLLPastheCompany’sUKstatutoryauditorandhasconfirmedtotheBoardthatitsrecommendationisfreefromthirdpartyinfluenceandthatnorestrictivecontractualprovisionshavebeenimposedontheCompanylimitingthechoiceofauditor.

Required Vote

Thisproposalwillbeapprovedifthenumberofvotescast“FOR”theproposalexceedthenumberofvotescast“AGAINST”theproposal.Abstentionsandbrokernon-votesarenotconsideredvotescastandwillnothaveanyeffectonthisproposal.Ifyouownsharesthroughabank,brokerorotherholderofrecord,youmustinstructyourbank,brokerorotherholderofrecordhowtovoteinorderforthemtovoteyoursharessothatyourvotecanbecountedonthisproposal.

Recommendation

Our Board recommends that shareholders vote “FOR” the proposal to appoint KPMG LLP as our UKStatutory Auditor.

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PROPOSAL 4 AUDIT COMMITTEE AUTHORIZATION TO DETERMINECOMPENSATION OF UK STATUTORY AUDITORUndertheUKCompaniesAct,theremunerationofourUKstatutoryauditormustbefixedinageneralmeetingorinsuchmannerasmaybedeterminedinageneralmeeting.WeareaskingourshareholderstoauthorizetheAuditCommitteeoftheCompanytodeterminetheremunerationofKPMGLLPinitscapacityastheCompany’sUKstatutoryauditorundertheUKCompaniesAct.

Required Vote

Thisproposalwillbeapprovedifthenumberofvotescast“FOR”theproposalexceedthenumberofvotescast“AGAINST”theproposal.Abstentionsandbrokernon-votesarenotconsideredvotescastandwillnothaveanyeffectonthisproposal.Ifyouownsharesthroughabank,brokerorotherholderofrecord,youmustinstructyourbank,brokerorotherholderofrecordhowtovoteinorderforthemtovoteyoursharessothatyourvotecanbecountedonthisproposal.

Recommendation

Our Board recommends that shareholders vote “FOR” the proposal to authorize the Audit Committee todetermine the compensation of our UK Statutory Auditor.

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PROPOSAL 5 ADVISORY VOTE ON COMPENSATION OF NAMED EXECUTIVEOFFICERSInaccordancewithSECrules,weareaskingyoutoapprove,onanadvisorybasis,aresolutiononthecompensationoftheNamedExecutiveOfficersasreportedinthisProxyStatement.Thisproposal,commonlyknownasa“say-on-pay”proposal,givesyoutheopportunitytoendorseour2019executivecompensationprogramandpoliciesforourNamedExecutiveOfficers.

Indecidinghowtovoteonthisproposal,ourBoardencouragesyoutoreviewthe“CompensationDiscussionandAnalysis”inthisProxyStatementbeginningonpage17foradetaileddescriptionofourexecutivecompensationphilosophyandprograms.

Thisvoteisnotintendedtoaddressanyspecificitemofcompensation,butrathertheoverallcompensationthatwaspaidin2019toourNamedExecutiveOfficersresultingfromourcompensationobjectives,policiesandpracticesasdescribedinthisProxyStatement.Becauseyourvoteisadvisory,itwillnotbebindingupontheBoard.However,theBoardandtheCompensationCommitteevaluetheopinionsexpressedbyourshareholdersandwillreviewthevotingresultsinconnectionwiththeirongoingevaluationofourexecutivecompensationprogram.

Ourexecutivecompensationprogramisdesignedtoprovideanattractive,flexibleandeffectivecompensationpackagetoourexecutiveofficersthatistiedtoourcorporateperformanceandalignedwiththeinterestsofourshareholders.Ourexecutivecompensationprogramisdesignedtohelpusrecruit,motivateandretainthecaliberofexecutiveofficersnecessarytodeliverconsistenthighperformancetoourclients,shareholdersandotherstakeholders.Ourexecutivecompensationprogramisbasedonthefollowingprinciples,whicharefurtherdetailedundertheCompensationDiscussionandAnalysissectionofthisProxyStatement: • Retainandhirethebestleaders.

• Payforperformance.

• Rewardlong-termgrowthandprofitability.

• Tiecompensationtobusinessperformance.

• Alignexecutivecompensationwithshareholderinterests.

• Limitedpersonalbenefits.

ThetextoftheresolutioninrespectofProposal5isasfollows:

RESOLVED,thatthecompensationpaidtoourNamedExecutiveOfficersfor2019setforthintheCompensationDiscussionandAnalysis,theSummaryCompensationTableandtherelatedcompensationtablesandnarrativeinthisProxyStatement,asdisclosedpursuanttoItem402ofRegulationS-K,isherebyapprovedonanadvisorybasis.

Required VoteThisproposalwillbeapprovedifthenumberofvotescast“FOR”theproposalexceedthenumberofvotescast“AGAINST”theproposal.Abstentionsandbrokernon-votesarenotconsideredvotescastandwillnothaveanyeffectonthisproposal.Ifyouownsharesthroughabank,brokerorotherholderofrecord,youmustinstructyourbank,brokerorotherholderofrecordhowtovoteinorderforthemtovoteyoursharessothatyourvotecanbecountedonthisproposal.

Recommendation

Our Board recommends that shareholders vote “FOR” the advisory approval of the compensation of ourNamed Executive Officers for the year ended December 31, 2019.

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COMPENSATION DISCUSSION AND ANALYSISThisCompensationDiscussionandAnalysisaddressestheprinciplesunderlyingourexecutivecompensationprogramandthepoliciesandpracticesforthefiscalyearendedDecember31,2019for(i)ourprincipalexecutiveofficer,(ii)ourprincipalfinancialofficerand(iii)thethreeothermosthighlycompensatedexecutiveofficersoftheCompanyasofDecember31,2019: • BrettWhite,ourExecutiveChairmanandChiefExecutiveOfficer;

• DuncanPalmer,ourExecutiveVicePresidentandChiefFinancialOfficer;

• JohnForrester,ourExecutiveVicePresidentandGlobalPresident;

• NathanielRobinson,ourChiefInvestmentOfficerandExecutiveVicePresidentofStrategicPlanning;and

• BrettSoloway,ourExecutiveVicePresident,GeneralCounselandCorporateSecretary.

Werefertotheseexecutiveofficersasthe“NamedExecutiveOfficers.”

Atour2019annualgeneralmeetingofshareholders,shareholdersapprovedour2018compensationofournamedexecutiveofficerswith96.6%ofthevotescastinfavorofourpractices.Giventhehighlevelofsupport,theCompensationCommitteedidnotmakeanysignificantchangestoitsapproachtoexecutivecompensationspecificallyasaresultofthis“say-on-pay”vote.TheCompensationCommitteeconsiderstheoutcomeofourannualsay-on-payvoteswhenmakingfuturecompensationdecisionsforournamedexecutiveofficers.

Compensation Philosophy and ObjectivesOurcompensationphilosophyistoprovideanattractive,flexibleandeffectivecompensationpackagetoourexecutiveofficersthatistiedtoourcorporateperformanceandalignedwiththeinterestsofourshareholders.Ourexecutivecompensationprogramisdesignedtohelpusrecruit,motivateandretainthecaliberofexecutiveofficersnecessarytodeliverconsistenthighperformancetoourclients,shareholdersandotherstakeholders.

Ourcompensationpoliciesandpracticesalsoallowustocommunicateourgoalsandstandardsofconductandperformanceandtomotivateandrewardemployeesfortheirachievements.Ingeneral,thesameprinciplesgoverningthecompensationofourexecutiveofficersalsoapplytothecompensationofallouremployees,whichinclude:

Principle PracticeRetain and hire the best leaders. Competitivecompensationtofacilitateattractingandretaininghigh-qualitytalent.

Pay for performance.

Asignificantportionofpaydependsonannualandlong-termbusinessandindividualperformance;ingeneral,thelevelof“at-risk”compensationincreasesastheofficer’sscopeofresponsibilityincreases.

Reward long-term growth andprofitability.

Rewardsforachievinglong-termresults,andalignmentwiththeinterestsofourshareholders.

Tie compensation to businessperformance.

Asignificantportionofpayistiedtomeasuresofperformanceofthebusinessorbusinessesoverwhichtheindividualhasthegreatestinfluence.

Align executive compensation withshareholder interests.

Theinterestsofourexecutiveofficersarelinkedwiththoseofourshareholdersthroughtherisksandrewardsofstockownership.

Limited personal benefits.Perquisitesandotherpersonalbenefitsarelimitedtoitemsthatserveareasonablebusiness-relatedpurpose.

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Compensation MixOurexecutivecompensationprogramhasbeendesignedtorewardstrongperformancebyfocusingthecompensationopportunityforeachofourexecutiveofficersonannualandlong-termincentivesthatdependuponourperformanceasawhole,aswellastheperformanceofourindividualbusinessesoronthebasisofindividualmetricswhereappropriate.

Compensation-Setting ProcessRole of the Compensation Committee

TheCompensationCommitteeisresponsibleforoverseeingourexecutivecompensationprogram(includingourexecutivecompensationpoliciesandpractices)andapprovingthecompensationofourexecutiveofficers,includingtheNamedExecutiveOfficers(exceptforourCEO).

OurBoardisresponsibleforapprovingallcompensationpaidtoourCEO.Pursuanttoitscharter,theCompensationCommitteehastheresponsibilitytoreviewandrecommendtotheBoardanyproposedchangeincompensationforourCEOatleastannually,aswellasforevaluatingourCEO’sperformanceandrecommendingactualpaymentsundertheannualincentiveplaninlightofthecorporategoalsandobjectivesapplicabletohim.

Role of Executive Officers

TheCompensationCommitteereceivessupportfromourHumanResourcesDepartmentindesigningourexecutivecompensationprogramandanalyzingcompetitivemarketpractices.OurChiefHumanResourcesOfficerandGeneralCounselgenerallyattendregularmeetingsoftheCompensationCommitteeinordertoprovideinsightandexpertiseregardingtheoperationofourcompensationprogramsandtoprovidesupportandassistancewithrespecttothelegalandgovernanceimplicationsofourcompensationdecisions.OurCEOalsoregularlyparticipatesinCompensationCommitteemeetings,providingmanagementinputonorganizationalstructure,executivedevelopmentandfinancialanalysis.Inaddition,ourCFOprovidesthefinancialinformationusedbytheCompensationCommitteetomakedecisionswithrespecttoincentivecompensationgoalsbasedonachievementoffinancialtargetsandrelatedpayoutsforourannualandlong-termincentiveprograms.

OurCEOevaluatestheperformanceofeachofourexecutiveofficersagainstanyannualobjectivesestablishedforthebusinessorfunctionalareaforwhichsuchexecutiveofficerisresponsible.OurCEOthenreviewseachexecutiveofficer’stargetcompensationopportunityandbaseduponthetargetcompensationopportunityandtheindividual’sperformance,proposescompensationadjustments,subjecttoreviewandapprovalbytheCompensationCommittee.NeitherourCEOnoranyotherNamedExecutiveOfficerparticipatesintheevaluationofhisorherownperformanceandheorsheisnotpresentduringdiscussionsrelatingtohisorhercompensation.

Role of Independent Compensation Consultant

Infulfillingitsdutiesandresponsibilities,theCompensationCommitteehastheauthoritytoengagetheservicesofoutsideadvisersonanas-neededbasis.In2019,theCompensationCommitteeengagedFredericW.Cook&Co.,Inc.(“FWCook”),anationalexecutivecompensationconsultingfirm,asitsindependentcompensationconsultanttoassistitwithcompensationmatters.FWCookregularlyattendsmeetingsoftheCompensationCommittee,respondstoinquiriesfrommembersoftheCompensationCommitteeandprovidesanalysiswithrespecttotheseinquiries.FWCookworkscollaborativelywithourmanagementtogainanunderstandingofourbusinessandcompensationprogramstohelpthemadvisetheCompensationCommittee.Inaddition,FWCookregularlyconferswithourmanagementtocollect,analyzeandpresentdatarequestedbytheCompensationCommittee.

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TheCompensationCommitteehasaskedFWCooktoregularlyprovideindependentadviceonthefollowingmatters(amongothers):

• thecompositionofourcompensationpeergroup(includinganalyzingexecutivecompensationlevelsandpracticesofthecompaniesinourcompensationpeergroup);

• ourcompensationplanrisk;

• currentmarkettrendsandbestpracticesinexecutiveanddirectorcompensationdesign;and

• theoveralllevelsofcompensationandtypesandblendofvariouscompensationelements.

FWCookdoesnotprovideanyservicestousotherthantheservicesprovidedtotheCompensationCommittee.ThetotalexpensefortheservicesprovidedtotheCompensationCommitteebyFWCookduring2019wasapproximately$95,316.

Peer Group

OurCompensationCommittee,withtheassistanceofourindependentcompensationconsultant,reviewsandestablishesourpeergroupannuallyandusessuchpeergroupasareferencesourceinitsexecutivecompensationdeliberations.ThepeergroupisestablishedbyevaluatingcompaniesthattheCompensationCommittee,withtheassistanceofourindependentcompensationconsultant,believesarecomparabletouswithrespecttoindustrysegment,businessprofileandvariousfinancialcriteria.Our2019peergroup,whichwasapprovedbyourCompensationCommitteeinMarch2019,issetforthbelow.Theonlychangesfromour2018peergroupweretheremovalofConvergysandForestCityRealtyduetosuchcompaniesbeingacquiredin2018.

DirectPeers OtherBusinessServicePeersCBRE AECOMColliersInternational AonJonesLangLaSalle BostonProperties

CACIInternational CGIGroup DukeRealtyCorporation EMCOR FidelityNationalInformationServices Fiserv JacobsEngineering KBR KellyServices Leidos RobertHalfInternational UnisysWillisTowersWatson

AtthetimetheCompensationCommitteeestablishedour2019peergroupinMarch2019,ourrevenuewasnearthemedianofourpeergroupandourmarketcapitalizationwasnearthe25thpercentileofourpeergroup.WebelievethispositioningrelativetoourpeergroupprovidesourCompensationCommitteewithasoundbasisforcomparingourcompensationtomarketcompetitors.

ThispeergroupdataisnotusedbytheCompensationCommitteeinisolationbutratherservesasonepointofreferenceformakingdecisionsaboutcompensation.TheCompensationCommitteealsotakesintoconsiderationotherfactorsitconsidersrelevant,suchasthefinancialandoperationalperformanceofourbusinesses,individualperformance,experienceandskillset,specificretentionconcernsandinternalequity.

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Compensation-Related Risk AssessmentTheCompensationCommitteeevaluateseachelementofourexecutivecompensationprograminordertoensurethatitdoesnotencourageourexecutiveofficerstotakeexcessiveorunnecessaryrisksorincentivizetheachievementofshort-termresultsattheexpenseofourlong-terminterests.Webelievewehavedesignedourexecutivecompensationprogramtoaddresspotentialriskswhilealsorewardingourexecutiveofficersforachievingfinancialandstrategicobjectivesthroughprudentbusinessjudgmentandappropriaterisktaking.Amongotherthings,wehaveattemptedtomitigateriskbyadoptingstockownershipguidelines,hedgingandpledgingprohibitionsandclawbackpolicies.Basedonour2019evaluation,weconcludedthatourexecutivecompensationpoliciesandpracticesareappropriatelystructuredanddonotencourageemployeestotakeunnecessaryorexcessiverisks.

Compensation ElementsOurexecutivecompensationprogramconsistsofbasesalary,annualincentivecompensation,long-termequityincentiveawardsandhealth,welfareandothercustomaryemployeebenefits.

Base Salary

Webelievethatacompetitivebasesalaryiscriticalinattractingandretainingkeyexecutivetalent.InevaluatingthebasesalariesofourNamedExecutiveOfficers,theCompensationCommitteeconsidersseveralfactors,includingindividualandcompanyperformance,qualifications,experience,tenureandscopeofresponsibilities,futurepotential,competitivemarketpractices,difficultyoffindingareplacement,ourdesiredcompensationpositionwithrespecttothecompetitivemarketandinternalequity.

TheCompensationCommitteegenerallyreviewssalariesintheearlypartofeachyearand,ifappropriate,adjuststoreflectchangesintheconsiderationsdescribedaboveandtorespondtomarketconditionsandcompetitivepressures.Thetablebelowreflectstheextentofincreasesin2019tothebasesalariesforourNamedExecutiveOfficers.AnysuchincreaseswereeffectiveonApril1,2019.Named Executive Officer 2018 Base Salary 2019 Base Salary Percentage ChangeMr.White $ 950,000 $ 950,000 0%Mr.Palmer $ 600,000 $ 600,000 0%Mr.Forrester $ 593,101 $ 593,101 0%Mr.Robinson $ 340,000 $ 400,000 17.65%Mr.Soloway $ 475,000 $ 500,000 5.26%

Annual Incentive Compensation

Eachyear,ourexecutiveofficersareeligibletoreceiveannualcashincentiveawardsunderourAnnualIncentivePlan(“AIP”).AtthebeginningofeachyeartheCompensationCommittee(andtheBoardfortheCEO)approvesthetermsandconditionsoftheAIP,includingtheselectionofoneormoreperformancemeasuresasthebasisfordeterminingthefundingofannualcashbonuses,theperformancerangerelativetoourannualoperatingplanandtheweightingofsuchperformancemeasures.

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Target Annual Cash Bonus Opportunities

TheannualtargetcashbonusopportunityforeachNamedExecutiveOfficerisexpressedasapercentageofbasesalary.Similartobasesalaries,inevaluatingthetargetcashbonusopportunityofourNamedExecutiveOfficers,theCompensationCommitteeconsidersseveralfactors,includingindividualandcompanyperformance,qualifications,experience,tenureandscopeofresponsibilities,futurepotential,competitivemarketpractices,difficultyoffindingareplacement,ourdesiredcompensationpositionwithrespecttothecompetitivemarketandinternalequity.Thefollowingtableshowsthe2018and2019bonustargetsforeachNamedExecutiveOfficer.

Named Executive Officer 2018 Target Cash Bonus

(% of base salary) 2019 Target Cash Bonus

(% of base salary) Mr.White 210.5% 210.5%Mr.Palmer 100% 150%Mr.Forrester 193% 193%Mr.Robinson 50% 100%Mr.Soloway 50% 75%

Corporate Performance Measures

Forthe2019AIP,theCompensationCommittee(andtheBoardfortheCEO)selectedAdjustedEBITDA,adjustedasfollows,astheprimaryperformancemeasure:increasedby$3milliontoconverttoaconstantcurrencyexchangerate;increasedby$1millionforotherone-timeitems;anddecreasedby$6millionforrealizedandunrealizedexchangerategains(suchresultingamountisreferredtoasthe“CompensationEBITDA”).TheCompensationCommitteeandtheBoardbelievesthatCompensationEBITDAisthebestmeasureofbothcorporateandbusinesssegmentprofitability.

See“Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations—Non-GAAPFinancialMeasures”inourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019forfurtherdetailontheCompany’suseofAdjustedEBITDA.

Annual Cash Bonus Decisions

TheAIPisbasedontheachievementofacertainpercentageofCompensationEBITDA,fromaminimumof70%toamaximumof130%asmeasuredagainsttherelevantannualoperatingplantarget,subjecttotheachievementoftheminimum70%onaconsolidatedbasisandthediscretionoftheCompensationCommittee(andtheBoardfortheCEO),withstraightlineinterpolationbetweenperformancelevels.CompensationEBITDAgoalsaresetonaconstantcurrencybasis.OtheritemsandadjustmentsaremadetoCompensationEBITDAatthediscretionoftheCompensationCommittee(andtheBoardfortheCEO)toensurethattheachievementreflectsunderlyingperformanceasdeterminedbytheCompensationCommittee(andtheBoardfortheCEO).Theadjustmentsmadefor2019aredescribedabove.Individuals’bonusesarethendeterminedaccordingtotheirroleandcompany-widefinancialperformance.

In2019,thebonuspaidtoeachNamedExecutiveOfficerisdeterminedbasedonfinancialperformancethatresultsinafundedrangeof0%to200%oftheirapplicabletarget.TheCompensationCommittee(andtheBoardfortheCEO)hasthediscretiontoadjusttheamountoftheactualcashbonuspaymentstobereceivedasitdeemstobeappropriate,upwardstotheapplicablecapordownwardstozero.In2019,theCompensationCommittee(andtheBoardfortheCEO)usedthisdiscretiontoincreasethecashbonuspaymentstoMr.White,Mr.PalmerandMr.Forresterby4.2%basedontheaccomplishmentofcertainfreecashflowfinancialperformanceobjectivesincludedintheCompany’s2019operatingplan.Therewerenodiscretionaryadjustmentsfor2019withrespecttotheotherNamedExecutiveOfficers.

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2019 Performance and Payouts

Forthe2019AIP,thetargetCompensationEBITDAwas$715million,andtheactualachievedCompensationEBITDAwas$722million,resultinginafundinglevelof103.3%.Asnotedabove,theCompensationCommittee(andtheBoardfortheCEO)useditsdiscretiontoincreasethecashbonuspaymentstoMr.White,Mr.PalmerandMr.Forresterby4.2%basedontheaccomplishmentofcertainfreecashflowfinancialperformanceobjectivesincludedintheCompany’s2019operatingplan.Thisresultedinatotalfundinglevelof107.6%forMr.White,Mr.PalmerandMr.Forrester.

Thefollowingtablesummarizesthepayoutsunderthe2019AIP.

Named Executive Officer 2019 Actual 

Cash Bonus Payment

Actual Cash Bonus Paymentas Percentage of Target 

Cash Bonus Award Mr.White $ 2,152,503 107.6%Mr.Palmer $ 968,747 107.6%Mr.Forrester $ 1,235,250 107.6%Mr.Robinson $ 413,200 103.3%Mr.Soloway $ 387,375 103.3%

Long-Term Incentive Compensation

Weprovidelong-termincentivecompensationtoourexecutiveofficersbecausewebelieveitpromoteslong-termgrowthandprofitabilitybyaligningtheinterestsofourmanagementwiththeinterestsofourshareholdersandbyencouragingretention.

Atthebeginningofeachyear,theCompensationCommittee(andtheBoardfortheCEO)determinesthetargetandtypeofequityawardtobedeliveredtoeachexecutiveofficer.In2019,ourlong-termincentiveprogramconsistedofacombinationoftime-vestingandperformance-vestingrestrictedstockunits(“RSUs”)toeffectivelyandefficientlybalanceperformanceandretentionobjectives.Allawardsweregrantedunderour2018OmnibusManagementShareandCashIncentivePlan.

Thefollowingtablesummarizesthemixoftime-vestingRSUsandperformance-vestingRSUsforeachNamedExecutiveOfficerin2019.

Named Executive Officer Time-Vesting RSUs

(% of award) Performance-Vesting RSUs

(% of award) Mr.White 75% 25%Mr.Palmer 60% 40%Mr.Forrester 60% 40%Mr.Robinson 60% 40%Mr.Soloway 60% 40%

ThefollowingtablesummarizesthetargetequityawardvaluesofeachNamedExecutiveOfficerin2019.

Named Executive Officer 2019 Target Award ValuesMr.White $ 6,000,000Mr.Palmer $ 2,500,000Mr.Forrester $ 2,500,000Mr.Robinson $ 500,000Mr.Soloway $ 800,000

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Time-Vesting RSUs – Vesting Schedule

Toencourageretention,theRSUsvestinequalannualinstallmentsoverafour-yearperiodcommencingonthefirstanniversaryofthegrantdate.AstheRSUawardsareinherentlytiedtotheperformanceofourordinaryshares,weconsideravestingschedulebasedoncontinuedserviceappropriatetoprovidebothretentionandperformanceincentives.

Performance-Vesting RSUs

Fortheperformance-vestingportionoftheRSUaward,theNamedExecutiveOfficerreceivesanawardonthegrantdateexpressedasatargetnumberofRSUs.TheactualnumberofordinarysharesdeliveredtotheexecutiveinsettlementoftheRSUawardisbasedonourperformanceresultswithregardstothepredeterminedmetricormetricsacrossthemeasurementperiod.Toreceivethesharesinsettlement,theexecutivemustremainemployedthroughthesettlementdateoftheaward.

Forthe2019performance-vestingRSUs,payoutswillbebased50%onatargetAdjustedEBITDAMarginAccretion,asmeasuredastheaverageofthreeseparateyearsofperformance(2019,2020and2021),and50%onatargetRelativeTSR,asmeasuredonacumulativebasisoverameasurementperiodcommencinginMarch2019andendinginFebruary2022.AdjustedEBITDAMarginAccretionisameasureofprofitabilityobtainedbydividingAdjustedEBITDAbyFeerevenue.RelativeTSRistheCompany’stotalshareholderreturnrelativetothecompaniesintheRussel3000.Foreachperformancemetric,payoutrangesfrom0%to150%oftarget.Eachperformancemetricalsoincludesaminimumthreshold.Ifactualperformanceislessthantheminimumthresholdlevel,thepayoutwillbe0%forthatmetric.Thepayoutforeachmetricislinearlyinterpolatedforperformancebetweentheminimumthresholdandtargetandalsoforperformancebetweenthetargetandmaximum.

Forthe2019performance-vestingRSUsthatarebasedonRelativeTSR,thepayoutswillbebasedontheachievementpercentagesovertheperformanceperiodrelativetothecompaniesintheRussell3000assetforthbelow(exceptthatifthetotalshareholderreturnoftheCompanyisnegativeovertheperformanceperiod,theachievementpercentageshallnotexceed100%).

Level of Achievement Relative TSR Percentile Rank Achievement PercentageBelow Threshold Less than 25th percentile 0%

Threshold At least the 25th percentile 50%Target At least the 50th percentile 100%

Maximum At least the 75th percentile 150%

Health, Welfare, Retirement and Other Employee Benefits

WeprovidebenefitstoourNamedExecutiveOfficersonthesamebasisasallofourfull-timeemployees.Thesebenefitsinclude401(k)retirement,medical,pharmacy,dentalandvisionbenefits,medicalanddependentcareflexiblespendingaccounts,short-termandlong-termdisabilityinsurance,accidentaldeathanddismembermentinsuranceandbasiclifeinsurancecoverage.

Perquisites and Other Personal Benefits

Weonlyprovideperquisitesandotherpersonalbenefitstoourexecutiveofficerswhenwebelievetheyareappropriatetoassistanindividualintheperformanceofdutiesandtheachievementofbusinessobjectives,tomakeourexecutiveofficersmoreefficientandeffective,andforrecruitmentandretentionpurposes.TheCompensationCommitteebelievesthattheperquisitesandpersonalbenefitsthatweprovideareareasonablecomponentofouroverallexecutivecompensationprogramandareconsistentwithmarketpractices.Wemayprovideotherperquisitesorotherpersonalbenefitsinthefuturetoachievesimilargoals,subjecttoapprovalandperiodicreviewbyourCompensationCommittee.

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Employment Agreements and Severance Arrangements

WehaveenteredintowrittenemploymentagreementswithMessrs.White,PalmerandForrester,andMr.SolowayandMs.RobinsonarepartytoofferletterswiththeCompany.WehavealsoenteredintoatransitionagreementwithMr.Palmerinconnectionwithhisplannedretirementin2020.Theseagreementsestablishthetermsandconditionsgoverningtheiremployment,includinganyterminationthereof,andalsoincluderestrictivecovenants.Thesearrangementsaremorefullydescribedbelowunder“—EmploymentArrangements.”

TherightsofMessrs.WhiteandPalmertoreceiveseverancearesetforthintheirrespectiveemploymentagreements.EachofMr.Soloway,Mr.ForresterandMr.Robinsonareentitledtocertainbenefitsunderourseveranceplanthatwebelieveisinlinewithmarketpractice.ConsistentwiththearrangementsgoverningtheseveranceforMessrs.WhiteandPalmer,intheeventMr.Soloway’s,Mr.Forrester’sorMr.Robinson’semploymentisterminatedbytheCompanywithout“cause”,hewillreceiveaseverancepaymentbasedonamultipleofbasesalaryonly(1.5xinthecaseofMr.Forresterand1.0xforMr.RobinsonandMr.Soloway).Theseverancewillbepayableover18months,inthecaseofMr.Forrester,and12months,inthecaseofMr.RobinsonandMr.Soloway,andwillbesubjecttotherequirementthattheindividualexecuteavalidreleaseandcomplywithanyrestrictivecovenantstowhichtheyaresubject.

Employmentagreementsandseverancebenefitsassistusintherecruitmentandretentionofexecutivetalent.

Report of the Compensation CommitteeTheCompensationCommitteehasreviewedanddiscussedwithmanagementtheCompensationDiscussion&Analysisand,basedonsuchreviewanddiscussion,hasrecommendedtotheBoardthattheCompensationDiscussion&AnalysisbeincludedinthisProxyStatementandincorporatedbyreferenceintoourAnnualReportonForm10-KfortheyearendedDecember31,2019.

The Compensation Committee

TimothyDattels(Chair) LincolnPan RichardMcGinn

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Executive Compensation TablesSummary Compensation Table

ThefollowingtablesetsforthinformationregardingthecompensationtoourNamedExecutiveOfficersforthefiscalyearspresented:

Name and Principal Position Year Salary Bonus Stock 

Awards(1) Option 

Awards(1)

Non-Equity Incentive Plan Compensation(2)

All Other Compensation(3) Total

Brett White,Executive Chairman and Chief Executive Officer

201920182017

$$$

950,000950,000950,000

———

$$

6,150,40945,131,905

—

———

$$$

2,152,5033,066,6001,400,000

$$

—91,455145,285

$$$

9,252,91249,239,9602,495,285

Duncan Palmer,EVP, Chief Financial Officer

201920182017

$$$

600,000600,000600,000

$$

—1,450,0001,000,000

$$

2,600,279999,998

—

$$

—1,717,800745,400

$$$

968,747919,980420,000

$$$

7,0006,7506,750

$$$

4,176,0265,694,5282,772,150

John Forrester, (4)EVP, Global President

20192018

$$593,101628,312

$

—1,450,000

$$

2,600,2792,058,824

$

—1,717,800

$$

1,235,2501,864,068

$$

80,07884,832

$$

4,508,7087,803,836

Nathaniel Robinson,Chief Investment Officer and EVP of Strategic Planning 2019 $ 389,151 — $ 520,052 — $ 413,200 $ 7,000 $ 1,329,402Brett Soloway,EVP, General Counsel and Corporate Secretary

201920182017

$$$

495,479470,137437,500

$$

—300,00080,500

$$

832,089437,500

—

$$

—250,955268,187

$$$

387,375364,159174,375

———

$$$

1,714,9431,822,751960,562

(1) Theamountsreportedinthe“StockAwards”and“OptionAwards”columnsrepresenttheaggregategrantdatefairvalueofthestock-basedawardsgrantedto

theNamedExecutiveOfficersduringtheyearspresented,ascomputedinaccordancewithFinancialAccountingStandardsBoardAccountingStandardsCodificationTopic718.The“StockAwards”columnalsoincludesthevalueofperformance-vestingawards.Withrespecttotheperformance-vestingawardsgrantedin2019,theamountsrepresentthefairvalueoftheperformance-vestingawardatthegrantdateassumingthetargetlevelofperformanceconditionsareachieved.Assumingthemaximumlevelofperformanceconditionsareachieved,thefairvalueamountsforsuchawardswouldbe$6,975,612,$3,150,415,$3,150,415,$630,075and$1,008,131forMr.White,Mr.Palmer,Mr.Forrester,Mr.RobinsonandMr.Soloway,respectively.Fortheassumptionsusedinvaluingtheseawardsforpurposesofcomputingthisexpense,pleaseseeNote12oftheconsolidatedfinancialstatementsintheCompany’sAnnualReportfortheyearendedDecember31,2019.

(2) TheamountsrepresentcashbonusamountsearnedpursuanttoourAnnualIncentivePlanfortheapplicableyear.(3) Theamountsinthiscolumnincludethefollowingcategoriesofperquisitesfor2019:forMr.PalmerandMr.Robinson,401(k)contributionsbytheCompany

($7,000each);andforMr.Forrester,$59,292incashinlieuofretirementbenefits,$12,751forcarallowance,inadditiontoamountsfortaxcomplianceservicesandcertaincorebenefitsincludinglifeassurance,privatemedicalandincomeprotection;TheamountsreportedforperquisitesandotherbenefitsrepresenttheactualcostincurredbyusinprovidingthesebenefitstotheindicatedNamedExecutedOfficer.

(4) Salary,Non-EquityIncentiveandAllOtherCompensationforMr.ForresterhavebeenconvertedfromGBPatarateof$1.2751/GBP.

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2019 Grants of Plan-Based Awards Table

Thefollowingtablesetsforth,foreachoftheNamedExecutiveOfficers,theplan-basedawardsgrantedduring2019.

Name Grant Date

Estimated Future Payouts Under Non-Equity Incentive Plan 

Awards(1)

Estimated Future Payouts Under Equity Incentive Plan 

Awards(2)

All Other Stock 

Awards: Number of Sharesof Stock or Units(3)

Grant Date Fair Value  of Stock 

Awards(4) Threshold Target Maximum Threshold Target Maximum Mr.White $ — $2,000,000 $4,000,000

3/7/2019 42,017 84,033 126,050 252,101 $6,150,409Mr.Palmer $ — $ 900,000 $1,800,000

3/7/2019 28,011 56,022 84,033 84,034 $2,600,279Mr.Forrester $ — $1,147,590 $2,295,180

3/7/2019 28,011 56,022 84,033 84,034 $2,600,279Mr.Robinson $ 100,000 $ 400,000 $ 800,000

3/7/2019 5,602 11,204 16,806 16,807 $ 520,052Mr.Soloway $ 93,750 $ 375,000 $ 750,000 3/7/2019 8,964 17,927 26,891 26,891 $ 832,089(1) Thesevaluesrepresentthethreshold,targetandmaximumcashpayoutsundertheFiscal2019AIP.(2) Theseamountsrepresentthetargetandmaximumnumberofsharesunderlyingperformance-basedRSUsauthorizedbytheCompensationCommitteeon

March7,2019.TheactualpayoutlevelsforthesegrantswillbesetbytheCompensationCommitteein2022followingtheendofthethree-yearperformanceperiod.Theperformance-basedRSUsvestinoneinstallmentonthedatetheCompensationCommitteecertifiestheperformanceconditions.

(3) Theseamountsrepresenttime-vestingRSUswhichwillvestandsettleinfoursubstantiallyequalinstallmentsoneachofthefirstfouranniversariesofthegrant

date,subject,withcertainlimitedexceptions,totheexecutive’scontinuingemploymentthrougheachsuchvestingdate.(4) Thefairvaluesforthetime-vestingRSUsandtheperformance-vestingRSUsthatarebasedonMarginAccretionrepresentthefairvalueofanordinaryshareon

thegrantdate,whichisbasedontheclosingpriceofourordinarysharesonthegrantdate($17.85).Thefairvaluesoftheperformance-vestingRSUsthatarebasedonRelativeTSRwasdeterminedusingaMonteCarlosimulationbasedontheassumptionssetforthinNote12oftheconsolidatedfinancialstatementsintheCompany’sAnnualReportfortheyearendedDecember31,2019.

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2019 Outstanding Equity Awards at Year-End Table

Thefollowingtablesetsforth,foreachoftheNamedExecutiveOfficers,theequityawardsoutstandingasofDecember31,2019.

Name

Number of Securities Underlying UnexercisedOptions - Exercisable

Number of Securities Underlying Unexercised Options - 

Unexercisable

Number of Securities Underlying UnexercisedUnearned Options

Option ExercisePrice

Option Expiration

Date

Number ofShares or Units of Stock ThatHave Not Vested

Market Value of Shares or Unit of 

Stock That Have Not Vested(1)

Number ofUnearned Shares or Units of Stock ThatHave Not Vested

Market or Payout Value of Unearned Shares or Units of 

Stock That Have Not Vested(1)

Mr.White 81,863 — $ 10.00 5/8/2025 1,030,967(5) $21,072,965 827,700(10) $16,918,188

Mr.Palmer 389,500 200,000(4) $ 10.00 5/8/2025 125,631(6) $ 2,567,898 56,022(11) $ 1,145,090

Mr.Forrester 400,000 200,000(4) $ 10.00 5/8/2025 182,073(7) $ 3,721,572 56,022(11) $ 1,145,090

Mr.Robinson — 41,317(8) $ 844,519 11,204(11) $ 229,010

Mr.Soloway 26,666 13,334(4) $ 10.00 5/8/2025 18,000 2,000(2) 10,000(4) $ 12.00 1/7/2026 18,667 7,999(3) 13,334(4) $ 17.00 3/31/2027

47,724(9) $ 975,479 17,927(11) $ 366,428(1) ThemarketvalueofunvestedandunearnedstockawardsiscalculatedasofDecember31,2019,astheaggregatenumberofsharesunderlyingtheunvested

time-vestingRSUsandtheunvestedperformance-vestingRSUs(attarget)multipliedbyouryearendclosingstockpriceof$20.44.(2) Consistsoftime-vestingoptionswhicharescheduledtovestonNovember1,2020.(3) Consistsoftime-vestingoptions,2,667ofwhichvestedonMarch10,2020andtheremainderofwhicharescheduledtovestinequalinstallmentsonMarch10,

2021andMarch10,2022.(4) Consistsofperformance-vestingoptionsthatwillvestupontheoccurrenceofaliquidityeventorsignificantcashsaleintheeventthePrincipalShareholders

realizeamultipleofmoneythatisatleastequalto2.0orifouraverageclosingsharepriceforaperiodof90daysisatleast$20.(5) Consistsoftime-vestingRSUs,63,026ofwhichvestedonMarch7,2020,55,147ofwhichvestedonMarch15,2020,166,667ofwhichvestedonMarch16,

2020,andtheremainderofwhicharescheduledtovestasfollows:Number of RSUs Vesting Date(s)446,758 TwoequalinstallmentsonMay8,2020and2021110,294 TwoequalinstallmentsonMarch15,2021and2022189,075 ThreeequalinstallmentsonMarch7,2021,2022and2023

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(6) Consistsoftime-vestingRSUs,21,009ofwhichvestedonMarch7,2020,andtheremainderofwhicharescheduledtovestasfollows:Number of RSUs Vesting Date(s)41,597 ThreeequalinstallmentsonSeptember6,2020,2021and202263,025 ThreeequalinstallmentsonMarch7,2021,2022and2023(7) Consistsoftime-vestingRSUs,19,608ofwhichvestedonJanuary1,2020,21,009ofwhichvestedonMarch7,2020,andtheremainderofwhicharescheduled

tovestasfollows:Number of RSUs Vesting Date(s)78,431 August6,202063,025 ThreeequalinstallmentsonMarch7,2021,2022and2023(8) Consistsoftime-vestingRSUs,4,202ofwhichvestedonMarch7,2020,4,902ofwhichvestedonApril1,2020,andtheremainderofwhicharescheduledto

vestasfollows:Number of RSUs Vesting Date(s)19,608 August6,202012,605 ThreeequalinstallmentsonMarch7,2021,2022and2023(9) Consistsoftime-vestingRSUs,6,723ofwhichvestedonMarch7,2020,4,167ofwhichvestedonMarch8,2020,andtheremainderofwhicharescheduledto

vestasfollows:Number of RSUs Vesting Date(s)16,666 August6,202020,168 ThreeequalinstallmentsonMarch7,2021,2022and2023(10) Consistsofperformance-vestingRSUs(attarget)withthefollowingperformance-vestingcriteria:(i)111,690ofsuchperformance-vestingRSUsvestedon

February18,2020basedontheachievementofperformancerequirements;(ii)558,448ofsuchperformance-vestingRSUsvestin12.5%incrementsifourclosingsharepriceforaperiodof90daysisatleast$22.30,$25.10,$27.80,$30.60and$33.40;(iii)73,529ofsuchperformance-vestingRSUsvestonlyupontheoccurrenceofaliquidityeventinwhichthePrincipalShareholdersrealizeanetmultipleofmoneyofatleast2.0;and(iv)84,033ofsuchperformance-vestingrepresent2019performance-vestingRSUsandpayoutswillbebased50%onatargetAdjustedEBITDAMarginAccretion,asmeasuredonacumulativebasisoverameasurementperiodcommencingonJanuary1,2019andendingonDecember31,2021,and50%onatargetRelativeTSR,asmeasuredonacumulativebasisoverameasurementperiodcommencinginMarch2019andendingonFebruary2022.See“ComponentsofCompensation–Long-TermIncentiveCompensation-Performance-VestingRSUs.”

(11) Consistsof2019performance-vestingRSUs(attarget)andpayoutswillbebased50%onatargetAdjustedEBITDAMarginAccretion,asmeasuredona

cumulativebasisoverameasurementperiodcommencingonJanuary1,2019andendingonDecember31,2021,and50%onatargetRelativeTSR,asmeasuredonacumulativebasisoverameasurementperiodcommencinginMarch2019andendingonFebruary2022.See“ComponentsofCompensation–Long-TermIncentiveCompensation-Performance-VestingRSUs.”

2019 Options Exercised and Stock Vested Table

Thefollowingtablesetsforth,foreachoftheNamedExecutiveOfficers,thenumberofordinarysharesacquiredupontheexerciseofoptionsandvestingofRSUsduring2019,andtheaggregatevaluerealized(beforepaymentofanyapplicablewithholdingtaxandbrokercommission)upontheexerciseorvestingofsuchawards.

Name

Option Awards –Number of Shares Acquired on Exercise

Option Awards – Value Realized on

Exercise

Stock Awards – Number of Shares

Vested Stock Awards – Value on Vesting

Mr.White 364,895 $ 2,749,163 752,193 $ 14,137,991Mr.Palmer 10,500 $ 81,165 13,866 $ 247,504Mr.Forrester — — 19,608 $ 283,726Mr.Robinson — — 4,902 $ 88,334Mr.Soloway — — 4,167 $ 74,501

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2019 Nonqualified Deferred Compensation Table

In2017,2016and2015theCompanyofferedcertainmanagementemployeestwooptionstopurchaseorotherwiseacquireshares.Managementmaypurchaseshareswithcash,ortheymayelecttoreceiveRSUsinlieuofalloraportionoftheirtargetedcashbonusunderthetargetannualincentiveplan(“AIP”)(thissecondoptionisreferredtohereinasthe“PriorDCP”).ParticipantschoosingtoreceiveRSUsunderthePriorDCPweregrantedafixednumberofRSUsbaseduponthefairvalueofanequityshareatthegrantdate.50%oftheRSUsvestedontheannualincentiveplanpaymentdateinMarchofthefollowingyear,andtheremaining50%vestedoneyearlater.Ifanindividual’sactualbonusdidnotmeetthetotallevelofRSUselected,anyshortfallofshareswasforfeited.AlloutstandingRSUsunderthePriorDCPweredistributedin2019.

InDecember2018,theCompanyadoptedanewexecutivedeferredcompensationplan(the“2019DCP”),whichbecameeffectiveonJanuary1,2019.The2019DCPallowshighlycompensatedemployeestodeferaportionoftheirsalary,bonus,commissionsand/orequity-basedcompensation,enablingtheemployeetodefertaxoncompensationuntilpaymentismade.DeferredcompensationiscreditedintoanaccountdenominatedinordinarysharesoftheCompanyinanumberdeterminedbasedonthefairmarketvalueoftheCompany’sordinarysharesonthedateofthedeposit.Allpaymentsaremadeinordinaryshares.

ThefollowingtablesetsforthNonqualifiedDeferredCompensationArrangementsforourNamedExecutiveOfficersin2019.

Name

Executive Contributionsin Last Fiscal 

Year(1)

Registrant Contributionsin Last Fiscal 

Year

Aggregate Earnings in Last 

Fiscal Year

Aggregate Withdrawals/ Distributions(4)

AggregateBalance atLast FYE ($)(5)

Mr.White — — — — —Mr.Palmer $ 2,600,279 — $ 400,616(2) $ 789,300 $2,862,745Mr.Forrester — — $ 184,200(3) $ 1,052,400 —Mr.Robinson $ 520,052 — $ 52,493(2) — $ 572,545Mr.Soloway $ 832,089 — $ 83,991(2) — $ 916,080(1) AmountsreflectthefairmarketvaluesonthegrantdateofRSUsdeferredunderthe2019DCP.Allamountsarealsoincludedinthecompensationshownforthe

applicableofficerintheSummaryCompensationTableunderthecolumn“StockAwards”.(2) RepresentsappreciationinthepriceofsharesunderlyingdeferredRSUsunderthe2019DCP.(3) RepresentsappreciationinthepriceofsharesunderlyingdeferredRSUsunderthePriorDCP.(4) RepresentsthefairmarketvalueofRSUsonthedateofdistributionpursuanttothePriorDCP.(5) RepresentsthevalueofalldeferredRSUsunderthe2019DCPusingouryearendclosingstockpriceof$20.44.

Employment Arrangements

EachoftheNamedExecutiveOfficersispartytocertainagreementsorarrangementsgoverningtheiremployment,asdescribedbelow.

Mr. White

CWFacilityServicesInc.(assuccessorininteresttoDTZUSNewCo,Inc.)ispartytoanemploymentagreementwithMr.White,effectiveasofMarch16,2015,andasamendedonNovember19,2018(the“WhiteAmendment”),withatermextendingthroughDecember30,2021.TheWhiteAmendmentwasapprovedbytheBoardtoprovideforcontinuedimplementationoftheCompany’sstrategyandbettercontinuityofmanagement.Totheextenthemeetscertaincontinuedservicerequirements,Mr.Whitewillbeentitledtoalong-termincentiveawardinMarchof2021thatisprovidedgenerallyonthesamevestingandothertermsaswouldapplytosimilarannuallong-termincentivegrantsmadetootherseniorexecutivesinthatyear.

Mr.White’sbasesalarymaynotbereducedbelow$950,000.Mr.Whiteiseligibleforatargetannualbonusopportunityequalto$2,000,000,basedonindividualand/orcompanyperformance,as

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determinedbytheBoard.Mr.White’sannualcompensationwasinitiallyestablishedinconnectionwithMr.White’sserviceasourExecutiveChairman,andhisemploymentagreementalsoprovidedforequitygrantsmadeinconnectionwiththeacquisitionofDTZandCassidyTurleybyourPrincipalShareholdersandconsistentwiththatExecutiveChairmanroleandhisroleineffectuatingthetransaction.In2015,Mr.WhitetookoverasourCEO,andinconnectionwiththattransitionaswellastheacquisitionofCushman&Wakefield,Mr.WhitereceivedanadditionalgrantofRSUs.In2017andagaininNovember2018,hisoverallcompensationwasreviewedandamendedtobetterreflectmarketpracticeandlevelsforhisserviceastheCEOandasaresult,byMarch15,2018,2019,2020and2021,Mr.Whitehadreceivedorisentitledtoreceive,asapplicable,agrantofRSUswithrespecttoanumberofsharesoftheCompanyhavingavalueofatleast$5,000,000onthedateofgrant.OftheseRSUs,otherthanthosethatwillbegrantedin2021(whichwillvestonthetermsdescribedabove),75%willbesubjecttotheprovisionofcontinuedservicesorcertaintransitionobligationsintheeventheresignsasCEO,and25%willvestupontheoccurrenceofasaleofasignificantportionofourordinarysharesheldbyourPrincipalShareholdersforcashatamultipleofmoneyof2.0x,subjecttohisremainingemployedasofsuchdate.

IfMr.White’semploymentisterminatedbyuswithoutcauseorifheresignsforgoodreason(bothasdefinedintheemploymentagreement),heisentitledto:(i)continuedbasesalaryfor24months,(ii)continuedparticipationinourmedical,dentalandhealthplansathiscostuntilthesecondanniversaryoftheterminationofhisemploymentand(iii)apro-ratedannualbonusfortheyearofterminationbasedonactualperformance,unlesstheterminationoccurswithin12monthspriortoor24monthsfollowingachangeincontrol,inwhichcasethisproratabonuspaymentwillbeatleastequaltohistargetannualbonusopportunity.IntheeventMr.White’semploymentterminatesduetohisdeathordisability,inadditiontoearnedsalaryandbenefits,heisentitledtohisannualbonusfortheyearofterminationbasedonactualperformance.

Mr.Whiteissubjecttocertainrestrictivecovenants,includingprohibitionson(i)competingwithusduringhisemploymentwithusandforaperiodof18monthsthereafter,(ii)solicitingorhiringourcustomersoremployeesduringhisemploymentwithusandforaperiodof24monthsthereafter,and(iii)non-disparagement,confidentialityandintellectualpropertyobligations.IfMr.Whiteresignswithoutgoodreasonattheendoftheterm,hemaycontinuetoreceivehisthen-currentbasesalaryandtoparticipateinourmedical,dentalandhealthplansathiscostforupto18months,subjecttohiscontinuedcompliancewithanyotherobligationshehastous,unlesswenotifyhimthatwearewaivingourrightstoenforcethenon-competitioncovenant.

Mr. Palmer

CWFacilityServicesInc.(assuccessorininterestofDTZUSNewCo,Inc.)ispartytoanemploymentagreementwithMr.Palmer,effectiveasofMarch16,2015,whichhadaninitialtermofthreeyearsandissubjecttoautomaticone-yearextensionsthereafter.OnFebruary27,2020,weenteredintoatransitionagreementwithMr.Palmer(the“TransitionAgreement”)inconnectionwithMr.Palmer’splannedretirementin2020.TheTransitionAgreementprovidesthatMr.Palmer’soriginalemploymentagreementwillremainineffectuntilhisseparationfromtheCompany,whichwilloccurnolaterthanDecember31,2020.Mr.Palmer’soriginalemploymentagreementprovidesthathissalarymaynotbereducedbelow$600,000.Followinghisseparation,Mr.PalmerwillserveasaconsultanttotheCompanyforaperiodof12months(orsuchlesserperiodastheBoardofDirectorsmaydetermine)andwillbeentitledtomonthlypaymentsinanamountequaltohisbasesalaryatthetimeofretirement.TheTransitionAgreementalsoprovidesthatMr.Palmerwillbeentitledtoaproratedperformancebonusfor2020.Inlieuofthegrantofanyequityawardsin2020,Mr.PalmerwillbeentitledtoreceiveacashpaymentonMarch15,2021equalto$708,333,proratedaccordingtohis2020servicepriortoretirement.

Withrespecttooutstandingequityawards,theTransitionAgreementcontemplatesthat(i)allperformance-basedRSUsoutstandingasoftheseparationdatewillremaineligibletovestif,andtotheextent,theperformanceoftheCompanysatisfiestheapplicableperformancevestingrequirementsasoftheendoftheapplicableperformanceperiod;(ii)alltime-basedRSUsgrantedin2018,willfullyvestontheseparationdate;(iii)alltime-basedRSUsgrantedin2019willbeconvertedintorestrictedstock

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andwillcontinuetovestassetforthintheapplicableawardagreement;(iv)alltime-basedstockoptionsgrantedpriortotheCompany’sinitialpublicoffering,whicharenowfullyvested,willbeexercisableforaperiodof30daysfromtheseparationdate;and(v)allperformance-basedstockoptionsgrantedpriortotheCompany’sinitialpublicoffering,willremaineligibletovestif,andtotheextent,theperformanceoftheCompanysatisfiestheapplicableperformancevestingrequirementsasoftheendoftheapplicableperformanceperiod.

TheTransitionAgreementprovidesthatifMr.Palmer’semploymentisterminatedbyuswithoutcauseorifheresignsforgoodreason(bothasdefinedintheemploymentagreement)priortohisseparation,hewillbecomeentitledtothebenefitsdescribedaboveasthoughtheseparationhadoccurredonAugust15,2020(ortheactualdateofseparation,iflater),exceptthatMr.Palmerwillnotserveasaconsultantinthecaseofsuchterminationorresignation.

Mr.Palmerissubjecttocertainrestrictivecovenantssetforthinhisemploymentagreement,theTransitionAgreementandtheagreementsgoverninghisequityawards,includingprohibitionson(i)competingwithusduringhisemploymentwithusandforaperiodof36monthsthereafter,(ii)solicitingorhiringourcustomersoremployeesduringhisemploymentwithusandforaperiodof36monthsthereafterand(iii)non-disparagement,confidentialityandintellectualpropertyobligations.

Mr. Forrester

ThetermsofMr.Forrester’semploymentaregovernedbyanemploymentagreementwithCushman&WakefieldDebenhamTieLeungLimited.Undertheemploymentagreement,Mr.Forresterisentitledtoanannualbasesalary,whichissubjecttoannualreview,andtoparticipateintheemployer’sbenefitsscheme.

Underourcurrentseverancepolicy,upontermination(otherthanforcause),Mr.Forresterisentitledtoseveranceconsistingof18months’basesalarycontinuationplusapro-ratedbonusbasedonactualperformancefortheyearinwhichhewasterminated.

Mr.Forresterissubjecttocertainrestrictivecovenantssetforthinhisemploymentagreementandtheagreementsgoverninghisequityawards,includingprohibitionson(i)competingwithusduringhisemploymentwithusandforaperiodof12monthsthereafter,(ii)solicitingorhiringourcustomersoremployeesduringhisemploymentwithusandforaperiodof12monthsthereafterand(iii)non-disparagement,confidentialityandintellectualpropertyobligations.

Offer Letters

Messrs.RobinsonandSolowayareboth“atwill”employees,althoughthegeneraltermsoftheiremploymentwereinitiallysetoutinofferlettersbetweenthemselvesandtheCompany.Theircurrentsalaries,targetbonusesandseverancepoliciesaredeterminedbytheCompensationCommittee.See“—SummaryCompensationTable”and“—PotentialPaymentsUponTerminationorChangeinControl.”Inaddition,Messrs.RobinsonandSolowayarebothsubjecttocustomaryrestrictivecovenantssetforthintheagreementsgoverningtheirCompanyequityawards.

Management Stockholders’ Agreement

Aspreviouslydisclosed,wehavemadepre-IPOequitygrantsundertheDTZJerseyHoldingsLimitedManagementEquityIncentivePlan(the“MEIP”),whichwasadoptedbyourcorporatepredecessorinMay2015,andpursuanttoRSUagreements.WeandthePrincipalShareholdershaveenteredintoamanagementstockholders’agreementwitheachofourexecutiveofficersthatremainsineffectuntilDecember31,2021andwhichgovernsallpre-IPOequityheldbyourexecutiveofficers,whetheracquiredpursuanttotheexerciseofoptionsgrantedundertheMEIP,thesettlementofRSUsorpurchases.Theequityisheldpursuanttoanomineearrangementandisgenerallynontransferable,exceptthataparticipantmaytransfertheirrightsforestateplanningpurposesorotherwiseaspermittedbyus.Innoeventwillatransferbepermittedtoacompetitor.Themanagementstockholders’agreementprovidesfordrag-along,tag-alongandpost-terminationrepurchaseandrecapturerights,lock-upandotherrestrictions.

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Potential Payments Upon Termination or Change in ControlTheNamedExecutiveOfficersareeligibletoreceivecertainseverancepaymentsandbenefitsundertheiremploymentandequitygrantagreementsorourSeverancePlaninconnectionwithaterminationofemploymentundervariouscircumstancesand/orachangeincontrol.

Thetablebelowprovidesanestimateofthevalueofsuchpaymentsandbenefitsassumingthataqualifyingterminationofemploymentand,asapplicable,achangeincontrol,occurredonDecember31,2019,andassumingasharepriceof$20.44pershare,theclosingpriceoftheordinarysharesonsuchdate.TheactualamountsthatwouldbepaidordistributedtotheNamedExecutiveOfficersasaresultofoneoftheterminationeventsoccurringinthefuturewilldependonfactorssuchasthedateoftermination,themannerofterminationandthetermsoftheapplicableagreementsineffectatsuchtime,whichcoulddiffermateriallyfromthetermsandamountsdescribedhere.

Potential Payments and Benefits upon Termination of Employment or Change in Control Table

Triggering Event(1) Mr. White(2)

(7) Mr. Palmer(3) Mr. Forrester(4) Mr. Robinson(5) Mr. Soloway(6)Termination without Cause or for Good Reason Notin Connection With Change in Control BaseSalary $ 1,900,000 $ 900,000 $ 889,652 $ 400,000 $ 500,000AnnualBonus $ 2,152,503 $ 968,747 $ 1,235,250 $ 413,200 $ 387,375AcceleratedVestingofStockOptions — $ — — — —AcceleratedVestingofRestrictedShareUnitAwards $ 13,586,880 $ 850,248 — — —HealthandWelfareBenefits $ 33,030 $ 13,457 4,759 — $ 13,712TOTAL $ 17,672,413 $ 2,732,452 $ 2,129,661 $ 813,200 $ 901,087Termination without Cause or for Good Reason inConnection With Change in Control BaseSalary $ 1,900,000 $ 900,000 $ 889,652 $ 400,000 $ 500,000AnnualBonus $ 2,152,503 $ 968,747 $ 1,235,250 $ 413,200 $ 387,375AcceleratedVestingofStockOptions — $ 2,088,000 $ 2,088,000 $ — $ 313,872AcceleratedVestingofRestrictedShareUnitAwards $ 34,584,490 $ 3,712,992 $ 4,866,666 $ 1,073,525 $ 1,341,913HealthandWelfareBenefits $ 33,030 $ 13,457 $ 4,759 — $ 13,712TOTAL $ 38,670,023 $ 7,683,197 $ 9,084,327 $ 1,886,725 $ 2,556,872Death or Disability BaseSalary — — — — —AnnualBonus $ 2,152,503 $ 968,747 $ 1,235,250 $ 413,200 $ 387,375AcceleratedVestingofRestrictedShareUnitAwards $ 6,870,579 $ 3,712,992 $ 2,862,745 $ 572,545 $ 916,080TOTAL $ 9,023,082 $ 4,681,739 $ 4,097,995 $ 985,745 $ 1,303,455(1) ThecalculationspresentedinthistableillustratetheestimatedpaymentsandbenefitsthatwouldhavebeenpaidtoeachoftheNamedExecutiveOfficershad

theiremploymentbeenterminatedonDecember31,2019foreachofthefollowingreasons:aterminationofemploymentwithout“cause”oraterminationofemploymentbyaNamedExecutiveOfficerfor“goodreason”(includingfollowingachangeincontrolofDTZJerseyHoldingsLimited)ortheindividual’sdeathordisability.

(2) Intheeventofhisdeathordisability,Mr.Whiteiseligibletoreceiveaprorataportionofhistargetannualcashbonusopportunityfortheyearofhisdeathor

disability,basedonouractualperformancefortheyear.(3) Includesthevestingof200,000optionswhichwouldonlyvestifsuchchangeofcontrolconstitutesa“liquidityevent”inaccordancewiththeapplicable

documentsgoverningsuchawards.Intheeventofhisdeathordisability,Mr.Palmeriseligibletoreceiveaprorataportionofhistargetannualcashbonusopportunityfortheyearofhisdeathordisability,basedonouractualperformancefortheyear.

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(4) Includes(i)198,880unvestedRSUssubjecttovestingintheeventofaqualifyingterminationfollowingachangeofcontroland(ii)thevestingof39,216RSUsand200,000optionswhichwouldonlyvestifsuchchangeofcontrolconstitutesa“liquidityevent”inaccordancewiththeapplicabledocumentsgoverningsuchawards.BasesalaryandhealthandwelfareamountsareconvertedfromGBPtoUSDatarateof$1.2751/GBP.

(5) Includes(i)42,717unvestedRSUswhichvestintheeventofaqualifyingterminationfollowingachangeofcontroland(ii)thevestingof9,804RSUswhich

wouldonlyvestifsuchchangeofcontrolconstitutesa“liquidityevent”inaccordancewiththeapplicabledocumentsgoverningsuchawards.(6) Includes(i)57,318unvestedRSUssubjecttovestingintheeventofaqualifyingterminationfollowingachangeincontroland(ii)thevestingof8,333RSUsand

36,668optionswhichwouldonlyvestifsuchchangeofcontrolconstitutesa“liquidityevent”inaccordancewiththeapplicabledocumentsgoverningsuchawards.PursuanttotheMEIP,100%ofunvestedoptionssubjecttotime-basedvestingconditionsshallvestuponaterminationwithoutcauseorforgoodreasonwithinthetwo-yearperiodfollowingachangeincontrol.

(7) NoterminationofMr.White’semploymentisrequiredfortheseawardstovest,subjecttoanyapplicableperformancecriteria,intheeventofaliquidityevent.

Thesecalculationsassumethatthechangeincontrolconstitutesaliquidityevent.Intheabsenceofaliquidityevent,only336,134time-basedandperformance-basedRSUswouldvestuponachangeincontrol.Additionally,664,720time-basedRSUsvestinconjunctionwitha“QualifyingResignation.”

Director Compensation ProgramDirectorswhoarealsoemployeesoftheCompanyoranyPrincipalShareholderdonotreceiveanycompensationfortheirservicesasdirectors.

PriortoOctober1,2019,eachdirectorwhoisnotanemployeeoftheCompanyoranyPrincipalShareholder(a“Non-EmployeeDirector”)wasentitledtoreceiveannualcashretainersforBoardandcommitteeservicein2019assetforthinthefollowingtable:

Type of Compensation Base Retainer 

(pre-October 1, 2019)

Additional Retainer Payable to Committee Chair

(pre-October 1,  2019) Annualboardmemberretainer $ 75,000 n/aAuditCommitteemember $ 10,000 $ 15,000CompensationCommitteemember $ 10,000 $ 15,000NominatingandCorporateGovernanceCommitteemember $ 5,000 $ 10,000

Basedontheresultsofamarketstudyregardingdirectorcompensation,effectiveOctober1,2019,theannualcashretainerforBoardservicewasincreasedto$90,000andtheannualcashadditionalretainerforchairingtheAuditCommitteewasincreasedto$20,000.Thus,effectiveOctober1,2019,eachNon-EmployeeDirectorisentitledtoreceiveannualcashretainersforBoardandcommitteeserviceassetforthinthefollowingtable.

Type of Compensation Base Retainer 

(effective October 1, 2019)

Additional Retainer For Committee Chair 

(effective October 1, 2019)Annualboardmemberretainer $ 90,000 n/aAuditCommitteemember $ 10,000 $ 20,000CompensationCommitteemember $ 10,000 $ 15,000NominatingandCorporateGovernanceCommitteemember $ 5,000 $ 10,000

Directorsdonotearnfeesforeachmeetingattended;however,theyarereimbursedfortheirtravelexpenses.

Inaddition,eachNon-EmployeeDirectoriseligibletoreceiveanannualRSUawardwithagrantdatevalueof$170,000,whichwillvestinfullontheearlieroffirstanniversaryofthedateofgrantortheannualshareholdermeeting.TheamountoftheRSUawardwasincreasedfrom$145,000to$170,000effectiveOctober1,2019basedonthemarketstudyregardingdirectorcompensationnotedabove.Allawardsgrantedin2019weregrantedunderour2018OmnibusNon-EmployeeDirectorShareandCashIncentivePlan.

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Thetablebelowsummarizesthecompensationofeachdirector(otherthanMr.White)in2019.

Name Fees Earned or Paid

in Cash Stock Awards(1) Total JonathanCoslet — — —TimothyDattels — — —QiChen — — —LincolnPan — — —RajeevRuparelia — — —BillieWilliamson $ 105,000 $ 170,000 $275,000JodieMcLean $ 88,750 $ 170,000 $258,750MichelleMacKay $ 86,944 $ 170,000 $256,944RichardMcGinn $ 52,088 $ 170,000 $222,088

(1) Thecolumntitled“StockAwards”reportsthefairvalueoftheRSUawardstotheNon-EmployeeDirectorsattheirgrantdatesin2019calculatedinaccordance

withFinancialAccountingStandardsBoardAccountingStandardsCodificationTopic718.Fortheassumptionsusedinvaluingtheseawardsforpurposesofcomputingthisexpense,pleaseseeNote12oftheconsolidatedfinancialstatementsinourAnnualReportonForm10-KfortheyearendedDecember31,2019.

CEO Pay RatioInAugust2015,pursuanttotheDodd-FrankWallStreetReformandConsumerProtectionAct,theSECadoptedarulerequiringannualdisclosureoftheratioofthemedianemployee’sannualtotalcompensationtothetotalcompensationoftheprincipalexecutiveofficer(“PEO”).TheCompany’sPEOisourCEO.TheCompanyispresentingtherequireddisclosureasfollows:

Wehadapproximately45,950full-time,part-timeandseasonalemployeesasofDecember31,2019.Forpurposesofthisdisclosure,weexcludedthepopulationoftheworkforcethatarenotconsideredemployeesoftheCompanyunderapplicablelocalregulations.UnderthedeminimisexemptionoftheSECrule,weexcludedapproximately5%ofourinternationalpopulationbyexcludingemployeepopulationsinthefollowingjurisdictions:Brazil(1,565),Colombia(49),Malaysia(28),Mexico(320),Philippines(142),Thailand(158),andTurkey(37).AsofDecember31,2019,approximately19,651ofouremployeeswerelocatedoutsideoftheUnitedStates.

WeidentifiedourmedianasofDecember31,2019utilizingbasepayearningsfortheprevious12-monthperiodforthepopulationofemployeesdescribedabove.Weemployedstatisticalsamplingtoidentifyagroupofemployeeswithin2.5%ofthemedian,thenselectedthemedianemployeefromthisgroup.Ourmedianemployeeisafull-timeemployeelocatedintheUnitedStates.Wedeterminedthisperson’stotalcompensation,calculatedinaccordancewithItem402(c)ofRegulationS-K,was$54,107,whichincludesbase,bonusandcompany401(k)match.BaseduponthismethodologyandtheCEO’stotalcompensationof$9,252,912,assetforthintheSummaryCompensationTable,weestimatetheratioofourCEOpaytothemedianworker’spayis171:1.

TheSECrequirementsforidentifyingthemedianemployeeandcalculatingthepayratiobasedonthatemployee’sannualtotalcompensationallowcompaniestoadoptavarietyofmethodologies,toapplycertainexclusions,andtomakereasonableestimatesandassumptionsthatreflecttheircompensationpractices.Accordingly,thepayratioreportedbyothercompaniesmaynotbecomparabletothepayratioreportedbyus.

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DIRECTORS AND EXECUTIVE OFFICERSWehaveprovidedbelowsummarybiographiesofourdirectors(otherthanourdirectornomineeswhosebiographiesappearunderProposal1)andexecutiveofficers.

Directors

Qi ChenAge:43Class I DirectorMs.ChenwasappointedtotheboardofdirectorsofCushman&Wakefieldin2014.Ms.ChenisaPartneratPAGAsiaCapital(“PAG”)whereshefocusesoninvestmentsinfinancialservicesandcross-bordertransactions.PriortojoiningPAGin2011,sheworkedatTPGCapitalfrom2006to2011.ShealsoworkedinMorganStanley’sinvestmentbankingdivisionandBostonConsultingGrouppreviously.SheholdsaB.A.fromPekingUniversityandanM.B.A.fromtheKelloggSchoolofManagement,NorthwesternUniversity.

Qualifications, Attributes and Skills:Extensivemanagementandboardofdirectorexperience;expertiseincross-marketandglobaloperations;broadmarketexpertiseandunderstandingofthemarkets.

Jonathan CosletAge:55Class I DirectorMr.CosletwasappointedtotheboardofdirectorsofCushman&Wakefieldin2018.Mr.CosletisaSeniorPartnerofTPGGlobalLLC(“TPG”).Mr.Cosletisalsoamemberofthefirm’sInvestmentCommitteeandManagementCommittee.PriortojoiningTPG,heworkedatDonaldson,Lufkin&Jenrette,andbeforethat,atDrexelBurnhamLambert,wherehestartedhiscareer.Mr.CosletpreviouslyservedontheboardofdirectorsofBiomet,Inc.,IASISHealthcareLLC,QuintilesIMSHoldings,Inc.,QuintilesTransnationalHoldingsInc.,PETCOAnimalSupplies,Inc.andNeimanMarcusGroup,Inc.HecurrentlyservesontheboardsofLifeTimeFitness,Inc.,IQVIAHoldingsInc.,andontheStanfordMedicalAdvisoryCouncilandtheStanfordInstituteforEconomicPolicyResearchAdvisoryBoard,andheservesasaTrusteeforMenloSchool.Mr.CosletholdsaB.S.ineconomicsandfinancefromtheWhartonSchooloftheUniversityofPennsylvaniaandanM.B.A.fromHarvardBusinessSchool.

Qualifications, Attributes and Skills:Morethan25yearsofexperienceinadvisingandgrowingcompanies;extensivemanagementandboardofdirectorexperience;andfinancebackground.

Timothy DattelsAge:62Class III DirectorMr.DattelswasappointedtotheboardofdirectorsofCushman&Wakefieldin2018.Mr.DattelsisCo-ManagingPartnerofTPGCapitalAsia.PriortojoiningTPGin2004,heservedasaPartnerandManagingDirectorofGoldman,Sachs&Co.Mr.DattelsservesorhasservedontheboardofdirectorsofBlackBerryLtd.,ParkwayHoldingsLtd.,Primedia,Inc.,Shangri-LaAsiaLtd.andSingTaoNewsCorporationLtd.andservesasatrusteeofJacksonLaboratoryandViceChairmanofSFJazz.HeholdsaB.A.inbusinessadministrationfromtheUniversityofWesternOntarioandanM.B.A.fromHarvardBusinessSchool.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMr.DattelsbringssignificantmanagementandglobaloperationalexpertisetotheBoard.

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Lincoln PanAge:43Class III DirectorMr.PanwasappointedtotheboardofdirectorsofCushman&Wakefieldin2017.Mr.PanisaPartneratPAG.PriortojoiningPAG,hewasaRegionalCEOforWillisTowersWatson.Mr.PanhasalsopreviouslyworkedatAdvantagePartners,GECapitalandMcKinsey&Company.HeholdsaB.A.inhistoryandenglishfromWilliamsCollegeandaJ.D.fromHarvardLawSchool.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMr.PanbringsextensiveexperiencedrivingbusinessdevelopmentandexpansiontotheBoard.

Rajeev RupareliaAge: 44Class III DirectorMr.RupareliawasappointedtotheboardofdirectorsofCushman&Wakefieldin2014.Mr.RupareliahasservedasaManagingDirectoratOTPPsinceApril2019.From2008toApril2019,heservedasaDirectoratOTPP.PriortojoiningOTPPin2008,heworkedininvestmentbankingatCreditSuisseGroup(NewYork),ininvestmentsatCadillacFairview(OTPP’swhollyownedrealestatesubsidiary)andinthecorporatefinancegroupatDeloitte&ToucheLLP.Mr.RupareliaisalsoanobserverontheboardofCowayCo.,Ltd.HeholdsaB.A.ineconomicsfromWilfridLaurierUniversityandanM.B.A.fromtheRotmanSchoolofManagementattheUniversityofToronto.

Specific Qualifications, Attributes and Skills:TheBoardbelievesthatMr.RupareliabringssignificantexperienceinthemanagementofcomplexorganizationsandskillsinstrategicplanningtotheBoard.

Executive Officers

Duncan J. PalmerAge:54Executive Vice President and Chief Financial OfficerMr.PalmerisourExecutiveVicePresidentandChiefFinancialOfficerandhasservedinsuchcapacitysince2014.PriortojoiningCushman&Wakefield,from2012until2014,Mr.PalmerservedasGroupFinanceDirectorofRELXGroupplc,aleadingproviderofprofessionalinformationsolutionstothescience,medical,legal,riskmanagementandbusiness-to-businesssectorsanditsparentcompanies.From2007to2012,Mr.PalmerwastheSeniorVicePresident,ChiefFinancialOfficerofOwensCorning,Inc.,whichmarketsbuildingmaterialsandcompositesystems.Mr.Palmerpreviouslyspent20yearswithRoyalDutch/ShellGroup,whereheheldpositionsofincreasingresponsibilityintheU.K.,theNetherlandsandtheU.S.,includingVicePresident,UpstreamCommercialFinance,forShellInternationalExplorationandProductionBVandVicePresident,Finance,GlobalLubricants,fortheRoyalDutchShellGroupofCompanies.Mr.PalmerhasservedontheboardofdirectorsofOshkoshCorporationsince2011.HeholdsanM.A.fromCambridgeUniversityandanM.B.A.fromtheStanfordGraduateSchoolofBusiness.HeisaFellowofthe(U.K.)CharteredInstituteofManagementAccountants.

John ForresterAge: 57Executive Vice President and Global PresidentMr.ForresterisourExecutiveVicePresidentandGlobalPresidentandhasservedinsuchcapacitysinceDecember2017.Priortohiscurrentrole,Mr.ForresterwasChiefExecutive,EMEAatCushman&Wakefield,arolehepreviouslyheldatDTZGroup,ourpredecessorfirm.Mr.ForresterwasalsopreviouslyGroupChiefExecutiveofDTZHoldingsplc.HejoinedDTZGroupinSeptember1988.Mr.ForresterisamemberoftheBoardofManagementandManagementExecutivefortheBritishCouncilforOfficesandhaspreviouslyservedasitsPresident.HeisatrusteeoftheGeffryeMuseum.Mr.ForresterholdsaB.S.inUrbanEstateSurveyingandisaFellowoftheRoyalInstitutionofCharteredSurveyors.

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Michelle MacKayAge:53Chief Operating OfficerMs.MacKayisourChiefOperatingOfficerandhasservedinsuchcapacitysinceMarch2020.Priortohercurrentrole,Ms.MacKayservedasamemberofourBoardsince2018.PriortojoiningourBoard,Ms.MacKaywasmostrecentlyaSeniorAdvisortoiStarfrom2017to2018,andpreviouslyservedasiStar’sExecutiveVicePresidentofInvestmentsfrom2003to2017.PriortoiStar,sheservedasanExecutiveDirectorandasaseniormemberoftheCommercialRealEstateInvestmentCommitteeatUBS.Ms.MacKayalsoservesorhasservedontheboardsofdirectorsofAmericoldRealtyTrustandWCICommunities,Inc.SheholdsaB.A.fromtheUniversityofConnecticutandanM.B.A.fromtheUniversityofHartford.

Brett SolowayAge:51Executive Vice President, General Counsel and Corporate SecretaryMr.SolowayisExecutiveVicePresident,GeneralCounselandCorporateSecretaryandhasservedinsuchcapacitysince2014.PriortojoiningCushman&Wakefield,Mr.SolowayledateamforTheHomeDepot,Inc.thatwasresponsibleforalllegalmattersrelatingtonewstoreanddistributioncenterdevelopment,operationsandpropertymanagementactivitiesintheU.S.,Canada,Mexico,ChinaandIndia.Earlierinhiscareer,Mr.SolowayservedasVicePresidentandGeneralCounselforRedSealDevelopment,Inc.,andpracticedlawatKirkland&EllisandRudnick&Wolfe.HereceivedaB.A.inpoliticalsciencefromtheUniversityofMichiganandaJ.D.fromtheUniversityofIllinois.

Nathaniel RobinsonAge:45Chief Investment Officer and Executive Vice President of Strategic PlanningMr.RobinsonisourChiefInvestmentOfficerandExecutiveVicePresidentofStrategicPlanningandhasservedinsuchcapacitysince2018.Priortohiscurrentrole,Mr.RobinsonwasourSVP,CorporateDevelopmentsincejoiningtheCompanyin2016.PriortojoiningCushman&Wakefield,Mr.RobinsonwasanInvestmentPartneratVirgoCapitalwherehefocusedonmakingnewplatforminvestmentsanddevelopingstrategicinitiativesforthefirm’sportfoliocompanies.Mr.RobinsonalsopreviouslyworkedinMorganStanley’sGlobalTechnologyGroupandisaco-founderandformerchairmanofPhillyCarShare,whichwasacquiredbyEnterpriseHoldingsin2011.HeholdsaB.S.infinanceandaccountingfromDrexelUniversity,anM.P.P.fromHarvardUniversityandanM.B.A.fromDartmouthCollege.

Michelle HayAge:51Chief Human Resources OfficerMs.HayisourChiefHumanResourcesOfficerandhasservedinsuchcapacitysince2017.PriortojoiningCushman&Wakefield,Ms.HayservedasHeadofHRfortheAmericasatA.T.Kearney.ShealsopreviouslyservedasGlobalChiefHumanResourcesOfficeratHeitmanLLC,andpreviouslyheldHRconsultingpositionswithDeloitte&ToucheLLP,Ernst&YoungLLP,CapGeminiandCapitalHGroup.SheholdsaB.S.inpsychologyfromtheUniversityofHoustonandanM.B.A.fromtheUniversityofIllinoisatUrbana-Champaign.

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Len TexterAge:48Global Controller, Head of Investor Relations, Chief Accounting OfficerMr.TexterisourGlobalController(sincejoiningtheCompanyin2019),HeadofInvestorRelations(sinceNovember2019)andChiefAccountingOfficer(sinceFebruary2020).PriortojoiningCushman&Wakefield,Mr.TexterspentelevenyearsatGeneralCableCorporation,aglobalmanufacturingleaderindeveloping,designing&distributingwire&cableproducts.From2015to2018,Mr.TexterservedasSeniorVicePresidentFinance–GlobalController,FP&AandInvestorRelations.HewasappointedPrincipalAccountingOfficerin2016.From2007to2015,Mr.TexterheldpositionsofincreasingresponsibilityatGeneralCable,includingVicePresidentFinance–InvestorRelations&GlobalAnalyticsandFinanceDirector–InvestorRelationsandMergers&Acquisitions.Mr.TexterbeganhiscareerinaccountingandfinancewithDeloitte&Touchein2002intheauditandM&Apractices.HeholdsanMBAfromXavierUniversityandBSfromUniversityofDayton.HeisaCertifiedPublicAccountant(Inactive).

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PROPOSAL 6 ADVISORY VOTE ON DIRECTOR COMPENSATION REPORTInaccordancewiththeUKCompaniesAct,weareprovidingshareholderswiththeopportunitytovoteonanadvisoryresolutionapprovingthedirectorcompensationreportincludedasAnnexAtothisProxyStatement.ThisproposalissimilartoProposal5regardingthecompensationofourNamedExecutiveOfficers.However,thedirectorcompensationreportisconcernedsolelywiththecompensationofourexecutiveandnon-executivedirectorsandisrequiredundertheUKCompaniesAct.WeencourageshareholderstoreadthedirectorcompensationreportincludedasAnnexAtothisproxystatement.TheBoardandtheCompensationCommitteebelievethatthepoliciesandproceduresarticulatedinthedirectorcompensationreportareeffectiveinachievingourcompensationobjectives,andservetoattractandretainhigh-qualitydirectors.

Thisvoteisadvisoryonly,pursuanttotheUKCompaniesAct,andthedirectorentitlementtoreceivecompensationisnotconditionalonit.Paymentsmadeorpromisedtodirectorswillnothavetoberepaid,reducedorwithheldintheeventthattheresolutionisnotpassed.TheresolutionandvoteareameansofprovidingshareholderfeedbacktotheBoard.TheCompensationCommitteewillreviewandconsidertheoutcomeofthevoteinconnectionwiththeongoingreviewofourexecutivedirectorandnon-executivedirectorcompensationprograms.

Required Vote

Thisproposalwillbeapprovedifthenumberofvotescast“FOR”theproposalexceedthenumberofvotescast“AGAINST”theproposal.Abstentionsandbrokernon-votesarenotconsideredvotescastandwillnothaveanyeffectonthisproposal.Ifyouownsharesthroughabank,brokerorotherholderofrecord,youmustinstructyourbank,brokerorotherholderofrecordhowtovoteinorderforthemtovoteyoursharessothatyourvotecanbecountedonthisproposal.

Recommendation

Our Board recommends that shareholders vote “FOR” the proposal to approve our 2019 DirectorCompensation Report.

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SECURITY OWNERSHIPThefollowingtablebelowsetsforthinformationasofthecloseofbusinessonApril23,2020regardingthebeneficialownershipofourordinarysharesby:(i)eachpersonorgroupwhoisknownbyustoownbeneficiallymorethan5%ofouroutstandingordinaryshares;(ii)eachofourcurrentdirectorsandeachnomineefordirectortoourBoard;(iii)eachofourexecutiveofficers;and(iv)allcurrentdirectors,directornomineesandcurrentexecutiveofficersasagroup.Unlessotherwisenoted,thebeneficialownersexercisesolevotingand/orinvestmentpowerovertheirshares.

BeneficialownershipisdeterminedinaccordancewiththerulesandregulationsoftheSEC.Theserulesgenerallyprovidethatapersonisthebeneficialownerofsecuritiesifsuchpersonhasorsharesthepowertovoteordirectthevotingthereof,ortodisposeordirectthedispositionthereoforhastherighttoacquiresuchpowerswithin60days.Allpercentagesinthetablebelowarebasedon220,294,905sharesofordinarysharesoutstandingasofApril23,2020.

Unlessotherwisenoted,theaddressofeachbeneficialownerisc/oCushman&Wakefield,225WestWackerDrive,Chicago,Illinois60606. Shares Beneficially Owned Name and Address of Beneficial Owner     Number         Percent    5% Stockholders TPGFunds(1) 47,709,929 21.7%FundsaffiliatedwithPAGAsiaCapital(2) 47,134,892 21.4%OntarioTeachers’PensionPlanBoard(3) 14,634,825 6.6%FMRLLC(4) 18,591,789 8.4%TheVanguardGroup(5) 13,817,136 6.3%JPMorganChase&Co(6) 12,743,407 5.8%Named Executive Officers and Directors:

BrettWhite(7) 1,249,462 *DuncanPalmer(8) 467,331 *BrettSoloway(9) 138,615 *JohnForrester(10) 523,718 *NathanielRobinson 41,981 *JonathanCoslet — —TimothyDattels — —QiChen — —LincolnPan — —RichardMcGinn(11) 9,780 —JodieMcLean(11) 14,983 *RajeevRuparelia — —BillieWilliamson(11) 17,152 *

All Executive Officers and Directors as a group (16 Persons)(12) 2,497,041 1.1%* Representsbeneficialownershipoflessthan1%.(1) TheTPGFunds(asdefinedbelow)holdanaggregateof47,709,929ordinaryshares(the“TPGShares”),ofwhich32,357,616areheldbyTPGDrone

Investment,L.P.,aCaymanlimitedpartnership,and14,082,767areheldbyTPGDroneCo-Invest,L.P.,aCaymanlimitedpartnership(together,the“TPGFunds”).ThegeneralpartnerofeachoftheTPGFundsisTPGAsiaAdvisorsVI,Inc.,aDelawarecorporation(“TPGAsiaAdvisorsVI”).DavidBondermanandJamesG.CoulteraresoleshareholdersofTPGAsiaAdvisorsVIandmaythereforebedeemedtobethebeneficialownersoftheTPGShares.Messrs.BondermanandCoulterdisclaimbeneficialownershipoftheTPGSharesexcepttotheextentoftheirpecuniaryinteresttherein.TheaddressofeachofTPGAsiaAdvisorsVIandMessrs.BondermanandCoulterisc/oTPGGlobal,LLC,301CommerceStreet,Suite3300,FortWorth,TX76102.

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(2) Consistsofordinaryshares(the“PAGAsiaCapitalShares”)heldbyPAGACDroneHoldingILP,aCaymanlimitedpartnership(“PAGACDroneLP”).ThegeneralpartnerofPAGACDroneLPisPAGACDroneHoldingGPILimited,aCaymanexemptedlimitedcompany.AsdirectorsofPAGACDroneHoldingGPILimited,Messrs.JonRobertLewis,DavidJaeminKim,NoelPatrickWalshandOliverMorrishavebeendelegated,inaccordancewithcertainproxyvotingguidelines,theauthoritytoimplementvotingdecisionsandtheauthoritytoimplementdispositiondecisionswithrespecttosharesindirectlyheldbyPAGACDroneHoldingGPILimited,includingtheCompany’s47,134,892ordinaryshares.EachofMessrs.Lewis,Kim,WalshandMorrisexpresslydisclaimsbeneficialownershipofsuchshares.ThecorrespondenceaddressofPAGACDroneHoldingGPILimitedis32/F,AIACentral,1ConnaughtRoadCentral,HongKong.

(3) ConsistsofordinarysharesheldbyOTPP.ThePresidentandChiefExecutiveOfficerofOTPPhasdelegatedtoeachofMessrs.RajeevRupareliaandWei

BengChanandMs.SarahJaneRoweauthoritytoimplementdispositiondecisionswithrespecttosharesheldbyOTPP;however,approvalofsuchdecisionsismadebyseniorpersonnelwithintheprivatecapitalgroupofOTPPinaccordancewithinternalportfolioguidelines.VotingdecisionsaremadebypersonnelwithinthepublicequitiesgroupofOTPPinaccordancewithinternalproxyvotingguidelines.Assuch,eachofMessrs.RupareliaandChanandMs.Roweexpresslydisclaimsbeneficialownershipofsuchshares.TheaddressofOTPPis5650YongeStreet,Toronto,OntarioM2M4H5.

(4) RepresentssharesbeneficiallyownedbyFMRLLC,245SummerStreet,BostonMA02210.TheforegoinginformationisbasedsolelyonaSchedule13Gfiled

byFMRLLCwiththeSEConFebruary7,2020.(5) RepresentssharesbeneficiallyownedbyTheVanguardGroup,100VanguardBlvd.,Malvern,PA19355.Theforegoinginformationisbasedsolelyona

Schedule13GfiledbyTheVanguardGroupwiththeSEConFebruary11,2020.(6) RepresentssharesbeneficiallyownedbyJPMorganChase&Co.,383MadisonAvenue,NewYork,NY10179.Theforegoinginformationisbasedsolelyona

Schedule13GfiledbyJPMorganChase&Co.withtheSEConJanuary22,2020.(7) Includes64,108ordinarysharestobeissueduponexerciseoffully-vestedoptionsand223,379restrictedstockunitsthatvestwithin60daysofApril23,2020.(8) Includes389,500ordinarysharestobeissueduponexerciseoffully-vestedoptions.ThesharesandoptionsareheldofrecordbytheDuncanPalmerRevocable

TrustU/A/D10/16/17ofwhichMr.Palmeristhetrustee.(9) Includes66,000ordinarysharestobeissueduponexerciseoffully-vestedoptions.(10) Includes400,000ordinarysharestobeissueduponexerciseoffully-vestedoptions.(11) Includes9,780restrictedstockunitsthatvestwithin60daysofApril23,2020.(12 Includesanaggregate939,216ordinarysharestobeissueduponexerciseoffully-vestedoptionsand223,379restrictedstockunitsthatvestorsettlewithin60

daysofApril23,2020.

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CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONSThefollowingisasummaryofmaterialprovisionsofvarioustransactionswehaveenteredintowithourexecutiveofficers,boardmembersor5%orgreatershareholdersandtheiraffiliatessinceJanuary1,2019.Webelievethetermsandconditionsintheseagreementsarereasonableandcustomaryfortransactionsofthesetypes.

Pursuanttoourwrittenrelatedpartytransactionpolicy,ourAuditCommitteeisresponsibleforevaluatingeachrelatedpartytransactionandmakingarecommendationtothedisinterestedmembersofourBoardastowhetherthetransactionatissueisfair,reasonableandwithinourpolicyandwhetheritshouldberatifiedandapproved.TheAuditCommittee,inmakingitsrecommendation,considersvariousfactors,includingthebenefitofthetransactiontous,thetermsofthetransactionandwhethertheyareatarm’s-lengthandintheordinarycourseofourbusiness,thedirectorindirectnatureoftherelatedperson’sinterestinthetransaction,thesizeandexpectedtermofthetransactionandotherfactsandcircumstancesthatbearonthematerialityoftherelatedpartytransactionunderapplicablelawandlistingstandards.TheAuditCommitteereviews,atleastannually,asummaryofourtransactionswithourdirectorsandofficersandwithfirmsthatemployourdirectors,aswellasanyotherrelatedpersontransactions.

Shareholders’ Agreement; Registration Rights Agreement

Inconnectionwiththeclosingofourinitialpublicoffering,weenteredintotheShareholders’Agreement.See“CorporateGovernance–BoardComposition.”

Inconnectionwiththeclosingofourinitialpublicoffering,wealsoenteredintoaregistrationrightsagreement(the“RegistrationRightsAgreement”)withthePrincipalShareholdersandVankeService(HongKong)Co.,Limited(萬科物業服務(香港)有限公司),aHongKonglimitedcompany(“VankeService”).TheRegistrationRightsAgreementprovidesthePrincipalShareholderswithdemandrightsandthePrincipalShareholdersandVankeServicewithshelfregistrationrights.Inaddition,theRegistrationRightsAgreementprovidesthePrincipalShareholdersandVankeServicewithpiggybackregistrationrightsonanyregistrationstatement,otherthanonFormsS-4,S-8oranyothersuccessorform,tobefiledbytheCompany.Theseregistrationrightsaresubjecttocertainconditionsandlimitations,includingtherightoftheunderwriterstolimitthenumberofordinarysharestobeincludedinaregistrationstatementandourrighttodelayaregistrationstatementundercertaincircumstances.

UndertheRegistrationRightsAgreement,wehaveagreedtopaycertainexpensesrelatedtoanysuchregistrationandtoindemnifythePrincipalShareholdersandVankeServiceagainstcertainliabilitiesthatmayariseundertheSecuritiesAct.

March 2019 Public Offering of Ordinary Shares

OnMarch22,2019,theCompanyclosedanunderwrittensecondaryofferingof16,500,000ordinarysharesbycertainshareholders,includingTPGandOTPP,atapricetothepublicof$17.75pershare.InaccordancewiththeRegistrationRightsAgreement,theCompanypaidexpensesrelatedtothisofferinginanestimatedamountof$1,075,000,exclusiveoftheunderwritingdiscountsandcommissions.

November 2019 Public Offering of Ordinary Shares

OnNovember14,2019,theCompanyclosedanunderwrittensecondaryofferingof10,000,000ordinarysharesbycertainshareholders,includingaffiliatesofeachofthePrincipalShareholders,atapricetothepublicof$18.35pershare.InaccordancewiththeRegistrationRightsAgreement,theCompanypaidexpensesrelatedtothisofferinginanestimatedamountof$880,000,exclusiveoftheunderwritingdiscountsandcommissions.

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Certain Relationships

Fromtimetotime,wedobusinesswithothercompaniesaffiliatedwiththePrincipalShareholders.Webelievethatallsucharrangementshavebeenenteredintointheordinarycourseofbusinessandhavebeenconductedonanarms-lengthbasis.

Deeds of Indemnification and Appointment Letters

Wehaveenteredintoourstandardformofdeedofindemnityfordirectorswithallofourdirectors.Pursuanttothisagreement,weagreetoindemnifyeachdirectortothefullestextentpermissibleunderEnglishlawagainstliabilitiesarisingoutof,orinconnectionwith,theactualorpurportedexerciseof,orfailuretoexercise,anyofhisorherpowers,dutiesorresponsibilitiesasadirector,andtoadvanceexpensesincurredasaresultofanyproceedingagainsthimorherastowhichheorshecouldbeindemnified.Thisagreementdoesnotindemnifyadirectoragainstanyliabilityattachingtohimorherinconnectionwithanynegligence,default,breachofdutyorbreachoftrustinrelationtotheCompany.Wealsoagreetouseallreasonableendeavorstoprovideandmaintainappropriatedirectors’andofficers’liabilityinsurancetothefullestextentpermissibleunderEnglishlaw(includingensuringthatpremiumsareproperlypaid)forhisorherbenefitforsolongasanyclaimsmaylawfullybebroughtagainsthimorher.

Inconnectionthedirector’sappointmenttoourBoard,wealsoenteredintoourstandardformofletterofappointmentfornon-employeedirectorswitheachdirector.ThislettersetsforththemaintermsonwhichheorsheservesonourBoard.Continuedappointmentundertheletteriscontingentoncontinuedsatisfactoryperformance,re-nominationbytheNominatingandCorporateGovernanceCommitteeandapprovaloftheBoard,re-electionbytheshareholdersandanyrelevantstatutoryprovisionsandprovisionsofourArticlesofAssociationrelatingtoremovalofadirector.

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GENERAL INFORMATION ABOUT THE ANNUAL MEETINGVoting Instructions and InformationWhy did I receive these proxy materials?

WehavedeliveredprintedversionsofthenoticeofAnnualMeetinginthisproxystatement,proxycards,theCushman&Wakefield2019AnnualReport,andourUKAnnualReportandStatutoryAccountsfortheyearendedDecember31,2019(the“proxymaterials”)toourshareholdersofrecordandbeneficialholdersofoursharesasoftherecorddate,inconnectionwiththesolicitationofproxiesforuseattheAnnualMeeting,oratanyadjournmentorpostponementthereof.

Inaddition,wehaveprovidedbrokers,dealers,bankers,votingtrusteesandtheirnominees,atourexpense,withadditionalcopiesoftheproxymaterialssothatourshareholdersofrecordcan,asneeded,supplythesematerialstothebeneficialownersofsharesasoftherecorddate.

Copiesoftheproxymaterialshavealsobeensupplied,atourexpense,toComputershareTrustCompany,N.A.(the“Depositary”)forordinarysharesthatcouldnotbedepositedwithTheDepositoryTrustCompany(“DTC”)attheclosingoftheCompany’sinitialpublicofferingandhavenotbeensubsequentlytransferred.TheDepositarywill,asneeded,supplythesematerialstothebeneficialownersofthedepositaryreceiptsasoftherecorddate.EachdepositaryreceiptrepresentsoneordinaryshareinourCompany.TheuseoftheDepositaryallowsfortheordinarysharestobeheldintheDepositaryinitiallyandsubsequentlytransferredintoDTCwithouttheapplicationofU.K.stampdutyorstampdutyreservetax(“SDRT”),providedcertainconditionsaremet.

Will any other matters be decided at the Annual Meeting?

Asofthedateofthisproxystatement,wedonotknowofanyothermatterstoberaisedattheAnnualMeetingotherthanthosedescribedinthisproxystatement.Ifanyothermattersare,inaccordancewiththeUKCompaniesAct,otherapplicablelaworourarticlesofassociation,properlypresentedforconsiderationattheAnnualMeeting,suchmatterswill,subjecttotheUKCompaniesAct,articlesofassociationandapplicablelaw,beconsideredattheAnnualMeetingandtheindividualsnamedintheproxycardwillvoteonsuchmattersintheirdiscretion.

What is the difference between holding ordinary shares as a shareholder of record, as a beneficial owner and holder of depositaryreceipts?

IfashareholderisregisteredontheregisterofmembersoftheCompanyinrespectofordinaryshares,theyareconsidered,withrespecttothoseordinaryshares,theshareholderofrecord.AsofApril23,2020,beingthelatestpracticabledatepriortopublicationofthisproxystatement,ourshareholdersofrecordwereCede&Co.,thenomineeforDTC,andGTUOpsInc.,thenomineeforComputershareTrustCompanyN.A.,asdepositary,forordinarysharesthatcouldnotbedepositedwithDTCasoftheclosingoftheCompany’sinitialpublicoffering.

Ifyourordinarysharesareheldforyouinastockbrokerageaccountorbyabroker,bankorothernominee,youareconsideredthebeneficialownerofsharesheldinstreetname,andtheseproxymaterialsarebeingmadeavailableorforwardedtoyoubyyourbroker,bankorothernomineethroughwhomyouholdtheordinaryshares.Asthebeneficialowner,youhavetherighttodirectyourbroker,bankorothernomineeonhowtovoteyourordinarysharesbyfollowingtheinstructionsforvotingontheproxycard.

IfyouholddepositaryreceiptsthroughtheDepositary,theseproxymaterialsarebeingmadeavailableorforwardedtoyoubytheDepositary.BecauseeachdepositaryreceiptrepresentsoneordinaryshareinourCompany,youhavetherighttodirecttheDepositaryonhowtovoteyourdepositaryreceiptsbyfollowingtheinstructionsforvotingonyourproxycard.

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Inordertobecomeashareholderofrecordofordinaryshares,abeneficialownerwhoseordinarysharesaredepositedwithDTCoraredepositedwiththeDepositary,wouldneedtotakestepstowithdrawtherelevantordinarysharesfromtheDTCsystemortheDepositary’scustody,asapplicable.BeneficialownersareremindedthatanytransferoftheordinarysharesoutoftheDTCsystemortheDepositary,asapplicable,willgenerallybesubjecttoUKstampdutyorSDRTatarateof0.5%ofanyconsideration,whichispayablebythetransfereeoftheordinaryshares(i.e.,anythirdpartyintowhosenametheordinarysharesaretransferred).However,wherenoconsiderationisgivenforthetransferoftheordinarysharesoutoftheDTCsystemortheDepositary,asapplicable(i.e.,wherebeneficialownershipoftheordinarysharesisnotchangingandthereisnothird-partypayingconsiderationfortheordinaryshares),nochargetoUKstampdutyorSDRTshouldarise.Inaddition,ifsuchordinarysharesaresubsequentlyredepositedintotheDTCsystem,theredepositwillattractUKstampdutyorSDRTatahigher1.5%rate.Beneficialownersare,therefore,stronglydiscouragedfromwithdrawingtheirordinarysharesfromtheDTCsystemortheDepositary,asapplicable.

What is “householding” and how does it affect me?

Wehaveadoptedaprocedurecalled“householding,”whichtheSEChasapproved.Underthisprocedure,wedeliverasinglecopyofourproxymaterialstomultipleshareholderswhosharethesameaddressunlesswehavereceivedcontraryinstructionsfromoneormoreoftheshareholders.Thisprocedurereducesourprintingcosts,mailingcostsandfees.Shareholderswhoparticipateinhouseholdingwillcontinuetobeabletoaccessandreceiveseparateproxycards.Uponwrittenororalrequest,wewilldeliverpromptlyaseparatecopyofourproxymaterialstoanyshareholdersatasharedaddresstowhichwedeliveredasinglecopyofanyofthesematerials.Toreceiveaseparatecopy,or,ifashareholderisreceivingmultiplecopies,torequestthatweonlysendasinglecopyofourproxymaterials,suchshareholdermaywritetoCushman&Wakefieldplc,c/oBrettSoloway,ExecutiveVicePresident,GeneralCounselandCorporateSecretary,225WestWackerDrive,Chicago,Illinois60606.Shareholderswhobeneficiallyownordinarysharesheldinstreetnamemaycontacttheirbrokeragefirm,bank,broker-dealerorothersimilarorganizationtorequestinformationabouthouseholding.

Who is entitled to vote at the Annual Meeting?

ShareholdersofrecordandbeneficialholdersasoftherecorddateareentitledtovoteattheAnnualMeeting.Pleasenotethefollowingspecialcases:

Beneficialownersofordinarysharesasoftherecorddatehavetherighttodirecttheirbrokerorotheragentonhowtovotetheordinarysharesintheiraccount.Asbeneficialownersarenotshareholdersofrecordoftherelevantordinaryshares,theymaynotvotetheirordinarysharesattheAnnualMeetingunlesstheyrequestandobtainalegalproxyfromtheirbrokeroragent.DuetotheCOVID-19Pandemic,shareholders(includingbeneficialowners)arestronglydiscouragedfromattendingtheAnnualMeetinginperson,andshareholdersarecautionedthatsuchattendancemaynotbesafeorlawful.Instead,beneficialownersareencouragedtodirecttheirbrokerorotheragentonhowtovotetheordinarysharesintheiraccount.

HoldersofdepositaryreceiptsasoftherecorddatemayinstructtheDepositaryastohowtoexercisethevotesattachingtotheordinarysharesunderlyingsuchdepositaryreceiptsbycompletingtheproxycardandfollowingtheinstructionsfurnishedbytheDepositary.AftertheDepositaryhasreceivedinstructionsonhowtovoteontheproposalsfromtheholdersofdepositaryreceipts,itwillcompleteanomnibusproxycardreflectingsuchinstructionsandsendittothetransferagent.

What are the total voting rights in the Company?

AsofApril23,2020,beingthelastpracticabledatepriortothepublicationofthisproxystatement,therewere220,294,905ordinarysharesinissueandentitledtovote.EachordinaryshareisentitledtoonevoteoneachmatterproperlybroughtbeforetheAnnualMeeting.

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How do I vote if I am a shareholder of record?

IfyouareashareholderofrecordwhoisentitledtoattendandvoteattheAnnualMeeting,youmayvoteyourordinarysharesinpersonattheAnnualMeetingorappointanotherpersonorpersonsasyourproxytoexerciseanyorallofyourrightstoattendandtospeakandvoteattheAnnualMeeting.DuetotheCOVID-19Pandemic,shareholdersarestronglydiscouragedfromattendingtheAnnualMeetinginperson,andshareholdersarecautionedthatsuchattendancemaynotbesafeorlawful.Ifyouintendtovoteinperson,youmustpresentgovernment-issuedidentification.YoumayappointmorethanoneproxyinrelationtotheAnnualMeeting(providedthateachproxyisappointedtoexercisetherightsattachedtoadifferentordinaryshare(s)).Suchproxyneednotbeashareholderofrecord,butmustattendtheAnnualMeetingtorepresentyouandmustvoteasyouinstructforyourvotetobecounted.

Youmayappointaproxytovoteonyourbehalfusingoneofthefollowingmethods:

• byreturningtheproxycard,orotherinstrumentappointingaproxy,completedinaccordancewiththeinstructionsthereinandsignedtotheaddressprovidedwiththeproxycardmailing.

• bysubmissionviatheinternetbygoingtowww.investorvote.com/CWKandfollowingtheinstructionsprovided;

• bytelephone,usingthenumbershownonthenoticeorproxycard;or

• duringtheAnnualMeeting,youmaysubmitaballot.

Tobeeffective,theproxyappointmentmustbereceivedby11:59p.m.(EasternTime)onJune9,2020.

Pleasesigntheproxycardexactlyasyournameappearsonthecard.Ifashareholderofrecordisacorporation,limitedliabilitycompanyorpartnership,theproxycardshouldbesignedinthefullcorporate,limitedliabilitycompanyorpartnershipnamebyadulyauthorizedperson.Iftheproxycardissignedpursuanttoapowerofattorneyorbyanexecutor,administrator,trusteeorguardian,pleasestatethesignatory’sfulltitleandprovideacertificateorotherproofofappointment.Inthecaseofjointholders,thevoteoftheseniorholderwhotendersavote,whetherinpersonorbyproxy,shallbeacceptedtotheexclusionofthevotesoftheotherjointholdersandseniorityshallbedeterminedbytheorderinwhichthenamesoftheholdersstandintheregisterofmembers.

Thereturnofacompletedproxycard,orthesubmissionofproxyinstructionsviatheinternetorbytelephone,willnotpreventashareholderofrecordfromattendingandvotingattheAnnualMeeting.IfyouhaveappointedaproxyandattendtheAnnualMeetingandvoteinperson,yourproxyappointmentwillautomaticallybeterminated.

Ifyouproperlygiveinstructionsastoyourproxyappointmentbyexecutingandreturningapaperproxycardorthroughtheinternetorbytelephone,andyourproxyappointmentisnotsubsequentlyrevoked,yourordinaryshareswillbevotedinaccordancewithyourinstructions.

Ifyouareashareholderofrecordandyouexecuteandreturnaproxycard,butdonotgiveinstructions,yourproxywillbevotedFOReachoftheproposals.

Ifyouhavenotreceivedaproxycardandbelievethatyoushouldhaveone,pleasecontactyourbroker,bankorothernomineeformoreinformationifyouareabeneficialholderofordinarysharesdepositedinDTC.

How do I vote if I am a beneficial owner?

Ifyouareabeneficialowner,youshouldfollowthedirectionsprovidedbyyourbroker,bankorothernominee.Youmaysubmitinstructionsbytelephoneorthroughtheinternettoyourbroker,bankorothernominee,orrequestandreturnapaperproxycardtoyourbroker,bankorothernominee.

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How do I vote if I am a holder of depositary receipts?

Ifyouareaholderofdepositaryreceipts,youshouldfollowtheinstructionsontheformofproxycardfurnishedtoyoubytheDepositary.AftertheDepositaryhasreceivedinstructionsastohowtovoteontheresolutionsfromthedepositaryreceiptholders,itwillthencompleteanomnibusproxycardreflectingsuchinstructions.

How is a quorum determined?

ThepresenceoftheholdersofrecordofsharesintheCompanywhotogetherrepresentatleastthemajorityofthevotingrightsofalltheshareholdersofrecordentitledtovote,presentinpersonorbyproxy,attheAnnualMeetingisnecessarytoconstituteaquorum.DuetotheCOVID-19Pandemic,weexpectthatvirtuallyallshareholderswillberepresentedbyproxy.Abstentionsandbrokernon-voteswillbecountedaspresentandentitledtovoteforthepurposesofdeterminingaquorumattheAnnualMeeting.

How many votes are required to approve each proposal?

EachproposalscheduledtobevotedonattheAnnualMeetingwillbeproposedasanordinaryresolutionandrequirestheaffirmativevoteofasimplemajorityofthevotescastattheAnnualMeetinginpersonorbyproxy.Abstentionsandbrokernon-votesarenotconsidered“votescast”anddonothaveanyeffectontheoutcomeofthevote.ItisimportanttonotethatvotesonProposals5,6and7arenon-bindingandadvisory.Therefore,theCompanyand/ortheBoardmaydeterminetoactinamannerinconsistentwiththeoutcomesofsuchvotes.However,theBoardvaluestheopinionsoftheCompany’sshareholdersasexpressedthroughtheiradvisoryvotesand,accordingly,theBoardintendstoreviewandconsiderthevotingresultsonsuchresolutions.

How does the Board recommend that I vote?

TheBoardrecommendsthatyouvote“FOR”eachofthedirectornomineesinProposal1and“FOR”eachofProposals2-6.

What are “routine” and “non-routine” matters and what are “broker non-votes?

UndertherulesandinterpretationsoftheNewYorkStockExchange(whichbyextensionimposedbytheSECapplytoallUSbrokers),“non-routine”mattersaremattersthatmaysubstantiallyaffecttherightsorprivilegesofshareholders,suchasmergers,shareholderproposals,electionsofdirectors(evenifnotcontested)and,pursuanttoarecentamendmenttotherules,executivecompensation,includingadvisoryshareholdervotesonexecutivecompensationandonthefrequencyofshareholdervotesonexecutivecompensation.Theratificationoftheselectionoftheindependentregisteredpublicaccountingfirmisgenerallyconsideredtobe“routine”.

Brokers,banksorothernomineesgenerallyhavediscretionaryvotingpowerwithrespecttoroutinemattersandcanexercisewhatarecalled“brokernon-votes”.

Ifyouownyourordinarysharesthroughabank,brokerorothernomineeandyoudonotprovidethemwithspecificvotinginstructions,thebank,brokerornomineeispermittedtocastabrokernon-vote,butonlyonnon-routinematters.AtourAnnualMeeting,theymayonlycastbrokernon-voteswithrespecttotheratificationoftheselectionoftheindependentregisteredpublicaccountingfirm.AllotherproposalsbeingconsideredattheAnnualMeetingareconsideredtobenon-routinematters.Brokers,banksandothernomineesmaynotvoteonyourbehalfonthesemattersunlessyouhaveprovidedinstructionsfromyouonhowtovoteyourshares.

Brokernon-voteswillbecountedforthepurposeofdeterminingwhetheraquorumispresentattheAnnualMeeting.

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What are the voting requirements to approve the resolutions?

Inaccordancewithourarticlesofassociation,allresolutionswillbetakenonapoll.Votingonapollwillmeanthateachsharerepresentedinpersonorbyproxymaybevoted“for”or“against”aparticularresolution,ormayabstainfromvotingwithrespecttoaparticularresolution.Pleaseseethediscussionundereachproposalforadetailedexplanationofthevotingrequirementforeachproposal.

Can I change my vote or revoke my proxy?

If you are a shareholder of record,youcanchangehowyouwishtoinstructtheproxytovoteorrevokeyourproxyatanytimebeforetheAnnualMeeting,by:

• deliveringavalid,later-datedproxycardpriortothecut-offtimeforreceiptofproxies,inwhichcaseyourlater-submittedproxywillberecordedandyourearlierproxyrevoked.Anylater-datedproxycardreceivedaftertherelevantcut-offtimewillbedisregarded;

• amendingyourinternetortelephoneproxyinstructionpriortothecut-offtimeforreceiptofproxies,wherebyyouroriginalinstructionwillbesuperseded.Anyamendedproxyinstructionreceivedaftertherelevantcut-offtimewillbedisregarded;

• sendingwrittennoticetotheofficeoftheCompanySecretaryattheCompany’sregisteredoffice,whichmustbereceivedatleast24hourspriortothestartoftheAnnualMeeting;or

• votingonthepollinpersonattheAnnualMeeting(however,duetotheCOVID-19Pandemic,shareholdersarestronglydiscouragedfromexercisingthisoptionatour2020AnnualMeeting).

If you are a beneficial owner of ordinary shares,youmaysubmitnewproxyappointmentinstructionsbycontactingyourbroker,bankorothernominee.YoumayalsovoteinpersonattheAnnualMeetingifyouobtainalegalproxy(however,duetotheCOVID-19Pandemic,shareholdersarestronglydiscouragedfromexercisingthisoptionatour2020AnnualMeeting).Youmayalsochangeyourvoteonline.

If you are a holder of depositary receipts,youmaysubmitanewproxycardbyfollowingtheinstructionspreviouslysetout,atanytimepriorto11:59a.m.(EasternTime)onJune8,2020.

AllordinarysharesthathavebeenproperlyvotedandnotrevokedwillbecountedinthevotesheldontheresolutionsproposedattheAnnualMeeting.AttendingtheAnnualMeetingwithouttakingfurtheractionwillnotautomaticallyrevokeyourpriorproxy.

Wewillhonortheproxywiththelatestdate.However,norevocationwillbeeffectiveunlesswereceivenoticeofsuchrevocationatorpriortothedeadlinesmentionedabove.Forthoseshareholderswhosubmitaproxyelectronicallyorbytelephone,thedateonwhichtheproxyissubmittedinaccordancewiththeinstructionslistedontheproxycardisthedateoftheproxy.

Can I attend the Annual Meeting in person?

Shareholders of record on the record datemayattendtheAnnualMeeting,howeverduetotheCOVID-19Pandemic,shareholdersarestronglydiscouragedfromattendingtheAnnualMeetinginperson,andshareholdersarecautionedthatsuchattendancemaynotbesafeorlawful.Ifyouareashareholderofrecord,youwillneedtopresenttheproxycardthatyoureceived,togetherwithaformofpersonphotoidentification,inordertobeadmittedintothemeeting.OurArticlesofAssociationandUKlawdonotcurrentlyprovideuswiththeabilitytoholdavirtualAnnualMeeting.AsaresultoftheCOVID-19pandemic,theUKlegislatureorcertainregulatorybodiesmaytakeaction,byadoptinglegislationorotherwise,whichwouldpermitustolawfullyholdavirtualAnnualMeetingduringthependencyofthepandemic.Ifsuchactionoccurs,andwedetermineitispracticabletoswitchourAnnualMeetingtoavirtualformat,weexpecttodosoandwillprovideshareholderswithnoticeofsuchchangeinaccordancewithapplicablelegalrequirements.IfweareunabletoswitchtoavirtualAnnualMeeting,UKlawunfortunatelystillrequiresustoholdsuchAnnualMeetingnolaterthanJune30,andweexpecttoholdsuchmeetinginthemannerdescribedinthisproxystatement.

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Ifyouarethebeneficial ownerofordinarysharesheldin“streetname,”youwillneedtoprovideproofofownership,suchasarecentaccountstatementorletterfromyourbank,brokerorothernomineeasofthecloseofbusinessinNewYorkCity,NewYork,ontherecorddate,alongwithaformofpersonalphotoidentification.Alternatively,youmaycontactthebank,brokerorothernomineeinwhosenameyourordinarysharesareregisteredandobtainalegalproxytobringtotheAnnualMeeting.

Nocameras,recordingequipment,electronicdevices,largebags,briefcasesorpackageswillbepermittedintothemeetingoradjacentareas.Allotheritemsmaybesubjecttosearch.

Where is the Annual Meeting being held?

TheAnnualMeetingisbeingheldat225WestWackerDrive,Boardroom,30thFloor,Chicago,Illinois60606.DuetotheCOVID-19Pandemic,shareholdersarestronglydiscouragedfromattendingtheAnnualMeetinginperson,andarecautionedthatsuchattendancemaynotbesafeorlawful.IfsubsequentchangestoUKlawmakeitlawfulandpracticalforustoholdavirtualAnnualMeetingthisyear,wemayutilizesuchformatandwillprovideshareholderswithnoticeofsuchchangeinaccordancewithapplicablelegalrequirements.See“GeneralInformationabouttheAnnualMeeting—CanIattendtheAnnualMeetinginperson?”

Can I ask questions at the Annual Meeting?

IfyouwereashareholderontherecorddateandhavetherighttoattendtheAnnualMeeting,youcanaskquestionsattheAnnualMeeting.Ifyouattendinperson,youcandosoinperson.

Who will count the votes?

RepresentativesofComputershare,theCompany’stransferagent,willserveasscrutineersofthepollandtabulatethefinalresults.

Where can I find the voting results of the Annual Meeting?

ThepreliminaryvotingresultswillbeannouncedattheAnnualMeeting.ThefinalvotingresultswillbecheckedbythescrutineersanddisclosedbywayofanannouncementviaaCurrentReportonForm8-K,whichCushmanisrequiredtofilewiththeSEC.TheresultsofthepollstakenontheresolutionsattheAnnualMeetingandanyotherinformationrequiredbytheUKCompaniesActwillbemadeavailableonourwebsite(www.cushmanwakefield.com)assoonasreasonablypracticableaftertheAnnualMeetingandforaperiodoftwoyearsthereafter.

Other information

Foradditionalinformation,pleasecontactinvestorrelationsbyemailatir@cushwake.comorphoneat+1312338-7860.

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Annex A

Director Compensation Report

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DIRECTORS’ REMUNERATION REPORTAnnual StatementFrom the Chair of the Compensation Committee

AsrequiredbytheCompaniesAct2006andTheLargeandMedium-sizedCompaniesandGroups(AccountsandReports)Regulations2008(asamended),thisDirectors’RemunerationReportismadeupofthreeparts: • TheAnnual StatementfromtheChairoftheCompensationCommittee;and

• A summary of the Directors’ Remuneration Policy (“Policy”) whichsetsoutthePolicyapprovedbyshareholdersatthe2019AnnualShareholders’Meetingwhichappliesforuptothreeyearsbeginningon1January2020;and

• The Annual Report on Remuneration, whichsetsoutthepaymentsmadeandawardsgrantedtothedirectorsinthefinancial

yearended31December2019andhowtheCompanyintendstoimplementthePolicyin2020,andwhich,togetherwiththisAnnualStatement,issubjecttoanadvisoryshareholdervoteatthe2020AnnualShareholders’Meeting.

TheobjectivesofourPolicyaretoprovideanattractive,flexibleandeffectivecompensationpackagetoourexecutiveofficersthatistiedtoourcorporateperformanceandalignedwiththeinterestsofourshareholders.Ourcompensationprogramisdesignedtohelpusrecruit,motivateandretainthecalibreofexecutiveofficersnecessarytodeliverconsistenthighperformancetoourclients,shareholdersandotherstakeholders.

Ourcompensationpoliciesandpracticesalsoallowustocommunicateourgoalsandstandardsofconductandperformanceandtomotivateandrewardemployeesfortheirachievements.Ingeneral,thesameprinciplesgoverningthecompensationofourexecutiveofficersalsoapplytothecompensationofallouremployees.CurrentlytheExecutiveChairmanandChiefExecutiveOfficeristheonlyExecutiveDirectorontheBoard.

In2019,weachievedrecordfullyearfinancialperformancewiththefollowingresults: • Revenueforthefullyearwas$8.8billion,up6%(8%localcurrency).Feerevenuewas$6.4billion,up8%(9%localcurrency).

• FullyearNetincomewas$0.2million,animprovementof$186.0millionover2018withearningspershareof$0.00andAdjustedearningspershareof$1.64.

• FullyearAdjustedEBITDAwas$724.4million,up10%(11%inlocalcurrency).AdjustedEBITDAmarginof11.3%wasup25bps.

Forthe2019AnnualIncentivePlan,thetargetCompensationEBITDAwas$715million,andtheactualachievedCompensationEBITDAwas$722million,resultinginafundinglevelof103.3%.TheBoardofDirectorsuseditsdiscretiontoincreasethecashbonuspaymenttotheExecutiveChairmanandChiefExecutiveOfficerby4.2%basedontheaccomplishmentofcertainfreecashflowfinancialperformanceobjectivesincludedintheCompany’s2019operatingplan.Thisresultedinatotalfundinglevelof107.6%in2019whichamountedtothepaymentofanannualincentivetoourExecutiveChairmanandChiefExecutiveOfficerof$2,152,503.OurExecutiveChairmanandChiefExecutiveOfficeralsoreceivedanawardofRSUs,havingafacevalueequivalentto$6,000,000,ofwhich25%issubjecttoperformanceconditionsandthebalancesubjecttocontinuedemploymentoverthefour-yearvestingperiod.

Basedontheresultsofamarketstudyregardingdirectorcompensation,effective1October2019,theannualcashretainerforNon-ExecutiveDirectorswasincreasedto$90,000from$75,000andtheannualcashadditionalretainerforchairingtheAuditCommitteewasincreasedto$20,000from$15,000.Additionally,theamountoftheannualRSUawardforNon-ExecutiveDirectorswasincreasedfrom$145,000to$170,000.

IlookforwardtoreceivingyoursupportattheAnnualGeneralShareholders’MeetingontheDirectors’RemunerationReportresolution.

Timothy DattelsChair of the Compensation Committee

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Executive Remuneration PrinciplesOurcompensationphilosophyistoprovideanattractive,flexibleandeffectivecompensationpackagetoourExecutiveDirectorsthatistiedtoourcorporateperformanceandalignedwiththeinterestsofourshareholders.Ourexecutivecompensationprogramisdesignedtohelpusrecruit,motivateandretainthecaliberofexecutiveofficersnecessarytodeliverconsistenthighperformancetoourclients,shareholdersandotherstakeholders.

Webelieveourpeoplearethekeytoourbusinessandwehaveinstilledanatmosphereofcollectivesuccess.Ourcompensationpoliciesandpracticesalsoallowustocommunicateourgoalsandstandardsofconductandperformanceandtomotivateandrewardemployeesfortheirachievements.Ingeneral,thesameprinciplesgoverningthecompensationofourexecutiveofficersalsoapplytothecompensationofallouremployees,whichincludethefollowing.

Principle PracticeRetain and hire the best leaders. Competitivecompensationtofacilitateattractingandretaininghigh-qualitytalent.

Pay for performance.

Asignificantportionofpaydependsonannualandlong-termbusinessandindividualperformance;ingeneral,thelevelof“at-risk”compensationincreasesastheofficer’sscopeofresponsibilityincreases.

Reward long-term growth andprofitability.

Rewardsforachievinglong-termresults,andalignmentwiththeinterestsofourshareholders.

Tie compensation to businessperformance.

Asignificantportionofpayistiedtomeasuresofperformanceofthebusinessorbusinessesoverwhichtheindividualhasthegreatestinfluence.

Align executive compensation withshareholder interests.

Theinterestsofourexecutiveofficersarelinkedwiththoseofourshareholdersthroughtherisksandrewardsofstockownership.

Limited personal benefits.Perquisitesandotherpersonalbenefitsarelimitedtoitemsthatserveareasonablebusiness-relatedpurpose.

OurexecutivecompensationprogramhasbeendesignedtorewardstrongperformancebyfocusingthecompensationopportunityforourExecutiveChairmanandChiefExecutiveOfficeronannualandlong-termincentivesthatdependuponourperformanceasawhole,aswellastheperformanceofourindividualbusinessesoronthebasisofindividualmetricswhereappropriate.

Ourexecutivecompensationprogramconsistsofbasesalary,annualincentivecompensation,long-termequityincentiveawardsandhealth,welfareandothercustomaryemployeebenefits.

• Basesalary—Criticalinattractingandretainingkeyexecutivetalent.InevaluatingthebasesalaryofourExecutiveDirector,the

Boardconsidersseveralfactors,includingindividualandcompanyperformance,qualifications,experience,competitivemarketpractices,difficultyoffindingareplacement,andourdesiredcompensationpositionwithrespecttothecompetitivemarket.

• Short-TermIncentive—Eachyear,ourExecutiveDirectoriseligibletoreceiveanannualcashincentiveawardunderourAnnualIncentivePlan(“AIP”).AtthebeginningofeachyeartheCompensationCommittee(andtheBoardforourExecutiveDirector)approvesthetermsandconditionsoftheAIP,includingtheselectionofoneormoreperformancemeasuresasthebasisfordeterminingthefundingofannualcashbonuses,theperformancerangerelativetoourannualoperatingplanandtheweightingofsuchperformancemeasures.WhendeterminingAIPtargets,similartobasesalary,theCompensationCommittee(andtheBoardforourExecutiveDirector)considersseveralfactors,includingindividualandcompanyperformance,qualifications,experience,competitivemarketpractices,difficultyoffindingareplacement,andourdesiredcompensationpositionwithrespecttothecompetitivemarket.

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• Long-TermIncentive—Promoteslong-termgrowthandprofitabilitybyaligningtheinterestsofmanagementwiththeinterestsofourshareholdersandbyencouragingretention.Atthebeginningofeachyear,theCompensationCommittee(andtheBoardforourExecutiveDirector)determinesthetargetandtypeofequityawardtobedelivered.In2019,ourlong-termincentiveprogramconsistedofacombinationoftime-vestingandperformance-vestingrestrictedstockunits(“RSUs”)toeffectivelyandefficientlybalanceperformanceandretentionobjectives.

Summary of the Directors’ Remuneration PolicyIntroduction

TheDirectors’RemunerationPolicysummarisedinthebelowwasapprovedatthe2019AnnualGeneralShareholders’Meetingheldon6June2019.Thisisintendedtoapplyforthreeyears,beginningon1January2020.Fulldetailsoftheremunerationpolicycanbefoundatwww.cushmanandwakefield.com

Directors’ Remuneration Policy tableElement and link to strategy Operation Opportunity Performance conditionsBaseSalaryToattractandretainindividualsbasedontheirskillsandfortheroleresponsibilities.

Salariesaregenerallyreviewedannually.Salarylevelstakeaccountof:

• Role,performance,experienceandqualifications

• Futurepotential,tenureandeaseofreplacement

• Companyperformanceanddesiredpositionwithrespecttocompetitivemarket/internalequity

• Salarylevelsforsimilarrolesatrelevantmarketcomparators

Increasesareappliedinlinewiththeoutcomeofthereview.Salarywillconstitutenomorethan15%ofthetotaltargetcompensationpackage.

N/A

BenefitsTodriveeffectivenessandefficiencyofexecutiveofficers,andforrecruitmentandretentionpurposes

Benefitstypicallyincludethefollowing:

• HealthCare(medical,pharmacy,dentalandvisionbenefits)

• Welfare(medicalanddependentcareflexiblespendingaccounts)

• Insurance(short-termandlong-termdisability,accidentaldeath,dismemberment,basiclifeinsurance)

Benefitsmayvarybyroleandindividualcircumstance,andarereviewedperiodicallyTheCompensationCommitteereservestherighttointroduceadditionalbenefitstoensurealignmentwithmarketpractice.

N/A

PensionToprovidemarketcompetitiveretirementpackages.

Contributionsto401(k)retirementplan

Employercontributionofupto2.5%toa401(k)planorsimilardefinedcontributionarrangementinotherjurisdictions

N/A

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Element and link to strategy Operation Opportunity Performance conditionsAnnualIncentivePlan(“AIP”)Toreinforceandrewardimprovedfinancialandpersonalperformance

TheperformancemeasuresandtargetrangesareapprovedbytheCommitteeatthebeginningofthefinancialyear.AIPawardsarepayableincash.

TheAIPwillformnomorethan35%oftheoverallpackageattargetsuchthatthetotalcompensationdeliveredincashislimitedtonomorethan50%oftheoverallcompensationpackageattarget.TheCommitteeretainsdiscretiontoadjusttheamountoftheactualcashbonuspaymentstoreflectthequalityoftheresults.

Performanceconditions:willbebasedinthemajorityonfinancialmetrics(e.g.,EBITDA-basedmetrics).ProvisionsfortherecoveryorwithholdingofamountsincertainspecificscenariosarecontainedintheCushman&WakefieldRecoupmentPolicy.

LongTermIncentivePlan(“LTIP”)Torewardandretainkeyexecutivesforthedeliveryoflong-termgrowthobjectivesandtoaligntheinterestsofmanagementwiththoseofshareholders

TheCommitteemaygrantannualawardsofrestrictedstockunits(“RSUs”)andoptionstopurchasethecompany’sordinarysharesNormally,around25%-50%oftheRSUawardswillbeperformance-vestingandaround50%-75%willvestinequalinstalmentsoverfouryearsfromthedateofgrantsubjecttocontinuedemployment.TheCommitteeretainsdiscretiontomakeawardsundertheLTIPwithagreaterorlesserpercentageofperformance-vestingRSUawards.

ThemaximumannualawardofRSUsand/oroptionswillgenerallybeintheregionof60%ofthetotalcompensationpackageattarget,butmaybeupto80%ofthetotalcompensationpackageattarget.TheCommitteereservestherighttomakeadditionalawardsforthepurposesofretentioninexceptionalcircumstances,subjecttotheoverallLTIPcomponentofcompensationfortheyearnotexceeding80%.

Performance-vestedRSUswillbedependentonmetricssuchasRelativeTotalShareholderReturnandmeasuresbasedonfinancialmetricssuchasmarginaccretionorEBITDA.Provisionsfortherecoveryorwithholdingofamounts(whethervestedorunvested)incertainspecificscenariosarecontainedintheCushman&WakefieldRecoupmentPolicy.

Shareholdingrequirement

ExecutiveDirectorsareexpectedtomeetminimumstockownershipguidelines.TheExecutiveDirectors’compliancewiththestockownershipguidelinesisassessedat31Mayeachyear,basedontheExecutiveDirectors’salaryandtheaverage12month-endshareprice.

OwnershipGuideline(includingunvestedtime-vestedRSUs)6xsalary.One-thirdofguidelinemustbeinsharesownedoutright—2xsalary

N/A

Malus and clawback

TheCushman&WakefieldRecoupmentPolicyprovidesthattheExecutiveDirectorswillforfeit,repayorreturntotheCompanyanycashorequity-basedincentivecompensation,ortheproceedsofanysaleofequity,inthefollowingscenarios:

(i)materialrestatementoftheCompany’sfinancialresults;(ii)theindividualviolatesaMaterialPolicy(e.g.,theCompany’sCodeofConduct);(iii)theindividualbreachesanon-compete,non-solicitationorconfidentialityclause;(iv)misrepresentationofamaterialfactinconnectionwiththesecuringorretentionofemployment;(v)theindividualengagesinfraud;or(vi)theindividualmanipulatesresultswithaviewtoincreasingincentivepay-outsforhimselforothers.

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Directors’ Remuneration Policy table (Non-executive directors)

How the element supports our strategic objectives

Operation of the elements (fees and benefits) Maximum potential pay-out

Performance measures used, weighting and time period 

applicableToattractnon-executivedirectorswhohavethebroadrangeofexperienceandskillsrequiredtooverseetheimplementationofthestrategy

• Feesfornon-executivedirectors(otherthantheChairman)aresetbytheBoardandpaidinregularinstalments.

• Thenon-executivedirectorswhoarenotemployeesofourPrincipalShareholdersarealsoeligibletoreceiveannualRSUawardswithagrantdatevalueof$145,000,whichwillvestinfullontheearlierofthefirstanniversaryofthedateofgrantortheAGM.

• Feesaresetwithintherangeofcomparativeboardandcommitteefees,benchmarkedagainstthepeergroup.Averageincreaseswilltypicallybeinalignmentwiththemarketmedian.

• FeesareconstitutedofanannualBoardretainerplusadditionalfeesformembersandchairsoftheAudit,CompensationandNominatingandCorporateGovernanceCommittees.

• N/A

Shareholdingguideline

• Shareholdingguidelinecomplianceassessedat31Mayeachyear.

• UnvestedRSUsincluded

• Non-executiveDirectorswhoarenotemployeesofourPrincipalShareholdersareexpectedtoretain100%oftheirafter-taxsharesuntiltheymeettheirstockownershipguideline

• 5timesannualBoardfee

• N/A

Annual Report on RemunerationSingle total figure of remuneration for executive director for two financial years ended 31 December 2019 (Audited)

Executive Chairman andChief Executive Officer Year

Base pay$000

Taxablebenefits$000

Annual Incentive$000

Time-based RSUs awarded

$’000

Long-termincentive

$000 Total$000

BrettWhite 2019 950 — 2,153 4,500 — 7,603 2018 950 110 3,067 3,750 29,318 37,195

Additional information in relation to the 2019 single total figure (Audited)Element Explanation

Taxablebenefits Notaxablebenefitswerepaidintheyear.

Annualincentive

Opportunityattargetperformance—$2,000,000(210.5%ofsalary);Opportunityatmaximumperformance—$4,000,000(421%ofsalary)Payableincash

Time-basedRSUs

Representsthevalueof252,101time-basedRSUsawardedinthefinancialyearatthesharepriceonthedateofgrantof$17.85

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Determination of annual incentive payment (“AIP”) amount (Audited)

The2019AIPisbasedontheachievementofacertainpercentageofCompensationEBITDA,fromaminimumof70%toamaximumof130%oftheannualoperatingplantarget,subjecttotheachievementoftheminimum70%onaconsolidatedbasisandthediscretionofourboardofdirectors,withstraightlineinterpolationbetweenthesepoints. Threshold Target Maximum Actual CompensationEBITDA $ 500.5m $ 715m $ 929.5m $ 722mBonuspayable(%oftarget) 0% 100% 200% 103.3%Bonuspayable($) $ 0 $2,000,000 $4,000,000 $2,066,000

In2019,theAIPamountpaidisdeterminedbasedonfinancialperformancethatresultsinafundedrangeof0%to200%oftheindividual’sapplicabletarget.TheCompensationCommittee(andtheBoardfortheCEO)hasthediscretiontoadjusttheamountoftheactualcashbonuspaymentstobereceivedasitdeemstobeappropriate,upwardstotheapplicablecapordownwardstozero.In2019,theBoardusedthisdiscretiontoincreasethecashbonuspaymenttoMr.Whiteby4.2%basedontheaccomplishmentofcertainfreecashflowfinancialperformanceobjectivesincludedintheCompany’s2019operatingplan,resultinginapayouttoMr.Whiteof2,152,503.

AdjustedEBITDAwasadjustedasfollowsforthepurposesofthe2019AIP(suchresultingamountisreferredtohereinasthe“CompensationEBITDA”):Increasedby: Decreasedby:Constantcurrencyconversion—$3m Realizedandunrealizedexchangerategains—$6mOtherone-timeitems—$1m

Single total figure of remuneration for non-executive directors (Audited)

Non-executivedirectorswhoarenotemployeesofourPrincipalShareholdersreceivecompensationconsistingoffeesandequityawards.TheydonotparticipateinanyoftheCompany’sincentivearrangements,nordotheyreceiveanybenefits.

Basedontheresultsofamarketstudyregardingdirectorcompensation,effective1October2019,theannualcashretainerforNon-ExecutiveDirectorswasincreasedto$90,000andtheannualcashadditionalretainerforchairingtheAuditCommitteewasincreasedto$20,000.

EachNon-ExecutiveDirectorwhoisnotanemployeeofourPrincipalShareholdersiseligibletoreceiveanannualRSUawardwithagrantdatevalueof$170,000,whichwillvestinfullontheearlierofthefirstanniversaryofthedateofgrantortheannualshareholdermeeting.TheamountoftheRSUawardwasincreasedfrom$145,000to$170,000effective1October2019basedonthemarketstudyregardingdirectorcompensationnotedabove.Allawardsgrantedin2019weregrantedunderour2018OmnibusNon-EmployeeDirectorShareandCashIncentivePlan.

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Non-executive director

Fees1$0002019

Fees1$0002018

Equity Awards2$0002019

Equity Awards2$0002018

Total$0002019

Total$000-2018

JonathanCoslet3 — — — — — —TimothyDattels3 — — — — — —QiChen3 — — — — — —LincolnPan3 — — — — — —RajeevRuparella3 — — — — — —BillieWilliamson 105 50 170 133 275 183JodieMcLean 89 14 170 97 259 111MichelleMacKay 87 7 170 85 257 92RichardMcGinn 52 — 170 — 222 —

Notes:1. Feesarepro-ratedtoreflectthenumberofdaysworkedinthefinancialyear2. EquityawardsvestontheearlierofthefirstanniversaryofthedateofgrantorthedateoftheAnnualShareholdersMeeting.3. TheseDirectorsrepresentourPrincipalShareholdersanddonotreceivefees

Total pension entitlements (Audited)

NoneofthedirectorshasaprospectiveentitlementtoadefinedbenefitpensionbyreasonoftheprovisionofqualifyingservicestotheCompany.

Scheme interests awarded during 2019 (Audited)

Weprovidelong-termincentivecompensationbecausewebelieveitpromoteslong-termgrowthandprofitabilitybyaligningtheinterestsofourExecutiveChairmanandChiefExecutiveOfficerwiththeinterestsofourshareholdersandbyencouragingretention.

Atthebeginningofeachyear,theBoarddeterminesthetargetandtypeofequityawardtobedeliveredtotheExecutiveChairmanandChiefExecutiveOfficer.In2019,ourlong-termincentiveprogramconsistedofacombinationoftime-vesting(75%)andperformance-vesting(25%)restrictedstockunits(“RSUs”)toeffectivelyandefficientlybalanceperformanceandretentionobjectives.Allawardsweregrantedunderour2018OmnibusManagementShareandCashIncentivePlan.

ThefollowingschemeinterestswereawardedtoBrettWhite,ExecutiveChairmanandChiefExecutiveOfficer,intheyearended31December2019.

Date of grant Type of interest Basis of award No of shares Face value

$ Threshold vesting

End of performance 

period7March2019

Time-vesting

RSUs Fixedvalue

252,101

4,500,003

—

—

7March2019

Performance-vestingRSUs

Fixedvalue

126,050

2,249,993

Nil

Seebelow

Notes:1. Thefacevalueoftime-vestingRSUscalculatedbasedontheunderlyingsharesandtheclosingstockpriceonthedateofgrantof$17.85pershare.Theface

valueoftheperformance-basedRSUscalculatedbasedassumedmaximumperformanceof150%andtheclosingstockpriceonthedayofgrantof$17.85.2. Time-vestingRSUsvestinequalinstalmentsoverfouryears,subjecttocontinuedemployment,withthefirstvestingon7March20203. Theperformance-vestingRSUswillvestonthebasisofconditionsrelatingtoMarginAccretionandrelativeTSRassetoutbelow

Forthe2019performance-vestingRSUs,payoutswillbebased50%onatargetAdjustedEBITDAMarginAccretion,asmeasuredastheaverageofthreeseparateyearsofperformance(2019,2020and2021),and50%onatargetRelativeTSR,asmeasuredonacumulativebasisoverameasurementperiodcommencinginMarch2019andendinginFebruary2022.AdjustedEBITDAMarginAccretionisameasureofprofitabilityobtainedbydividingAdjustedEBITDAbyFeerevenue.RelativeTSRistheCompany’stotalshareholderreturnrelativetothecompaniesintheRussel3000.Foreach

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performancemetric,payoutrangesfrom0%to150%oftarget.Eachperformancemetricalsoincludesaminimumthreshold.Ifactualperformanceislessthantheminimumthresholdlevel,thepayoutwillbe0%forthatmetric.Thepayoutforeachmetricislinearlyinterpolatedforperformancebetweentheminimumthresholdandtargetandalsoforperformancebetweenthetargetandmaximum.

Forthe2019performance-basedvestingRSUsthatarebasedonMarginAccretion,specificdetailsrelatedtothefinancialtargetswillnotbereleasedduetotheircommercialsensitivity.Resultsoffinancialdatawillbereleasedastheybecomepubliclyavailable.Forthe2019performance-vestingRSUsthatarebasedonRelativeTSR,thepayoutswillbebasedontheachievementpercentagesovertheperformanceperiodrelativetothecompaniesintheRussell3000assetforthbelow(exceptthatifthetotalshareholderreturnoftheCompanyisnegativeovertheperformanceperiod,theachievementpercentageshallnotexceed100%).

Level of Achievement Relative TSR Percentile Rank Achievement PercentageBelow Threshold Less than 25th percentile 0%

Threshold At least the 25th percentile 50%Target At least the 50th percentile 100%

Maximum At least the 75th percentile 150%

Payments to past directors (Audited)

Therewerenopaymentstopastdirectorsduring2019.

Payments for loss of office (Audited)

Therewerenopaymentsforlossofofficepaidtodirectorsduring2019.

Directors’ shareholdings and share interests (Audited)Executive Director’s Share Interests (Audited)

BrettWhitehasashareholdingrequirementof600%ofsalary(includinghisunvestedRSUssubjecttocontinuedservice).Basedonthesharepriceatthefinancialyearendof$20.44hisshareownershipexceededthisrequirementbyasignificantmargin. Cushman & Wakefield plc shares as at 31 December 2019

Executive Chairman and Chief Executive Officer

Shares heldoutright

RSUs subject tocontinued service

RSUs subject toperformance

OptionsSubject tocontinuedservice

Options that havevested but not been exercised

BrettWhite 814,967 1,030,967 827,700 0 81,863

OverthecourseoftheyearMr.Whiteexercised364,895stockoptionsasdetailedinthetablebelow:

Date of Exercise # of Options Exercised FMV on Exercise Exercise Price

Value Realized on Exercise

1/29/2019 74,850 $15.67 $10.00 $424,3993/22/2019 162,171 $17.75 $10.00 $1,256,8254/1/2019 29,242 $17.80 $10.00 $228,0884/12/2019 21,241 $17.75 $10.00 $164,6187/1/2019 16,995 $18.00 $10.00 $135,96010/1/2019 12,260 $18.65 $10.00 $106,04911/14/2019 48,136 $19.00 $10.00 $433,224

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Non-ExecutiveDirectorswhoarenotemployeesofourPrincipalShareholdersmusthold100%oftheirafter-taxsharesuntiltheymeettheirstockownershipguidelineoffive-timestheirannualretainer.ShareinterestsheldbytheNon-ExecutiveDirectors(includingholdingsbyconnectedpersons)attheendoftheyear(orearlierretirementfromtheBoard)areshownbelow:

Non-Executive Director Cushman & Wakefield plc shares 

held at 31 December 2019 Shareholding guideline met Shares held outright RSU awards1 JonathanCoslet — — N/ATimothyDattels — — N/AQiChen — — N/ALincolnPan — — N/ARajeevRuparella — — N/ABillieWilliamson 7,372 9,780 NoJodieMcLean 5,203 9,780 NoMichelleMacKay 4,552 9,780 NoRichardMcGinn — 9,780 No

Notes1. Non-ExecutiveDirectorswhoarenotemployeesofourPrincipalShareholdersreceivedtwoRSUawardshavingatotalvalueof$170,000.ThefirstRSUsaward

havingavalueof$145,000on6June2019atasharepriceof$17.32andthesecondRSUawardhavingavalueof$25,000on1October2019atasharepriceof$17.75.

Dates of directors’ employment agreements and letters of appointment

OurbusinessandaffairsaremanagedunderthedirectionofourBoard.Mr.McGinnjoinedourBoardon6June2019,and,asof17March2020,Ms.MacKayresignedfromourBoardtobecomeourChiefOperatingOfficer.Thus,ourBoardiscomprisedofnineDirectors.OurArticlesofAssociationprovidethatourBoardwillhaveaminimumoffiveandmaximumofelevenDirectors.

Executive Chairman and Chief Executive Officer Employment agreement commencement dateDate employment 

agreement terminatesBrettWhite 16March2015 31December2021

OurBoardisdividedintothreeclasses,witheachdirectorservingathree-yeartermandoneclassbeingelectedateachyear’sannualgeneralmeetingofshareholders.Mr.White,Mr.McGinn,Ms.McLeanandMs.WilliamsonserveasClassIIdirectorswithatermexpiringattheAnnualMeeting.Messrs.Dattels,PanandRupareliaserveasClassIIIdirectorswithatermexpiringin2021.Mr.CosletandMs.ChenserveasClassIdirectorswithatermexpiringin2022.Upontheexpirationofthetermofofficeforeachclassofdirectors,eachdirectorinsuchclassshallbeelectedforatermofthreeyearsandserveuntilasuccessorisdulyelectedandqualifiedoruntilhisorherearlierdeath,resignationorremoval.Anyadditionaldirectorshipsresultingfromanincreaseinthenumberofdirectorsoravacancymaybefilledbythedirectorstheninoffice.

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TSR chart and CEO pay table

ForthepurposesoftheTSRchartbelow,theRussell3000indexhasbeenchosenasthebroadequitymarketindexagainstwhichtocomparetheTotalShareholderReturnofCushman&WakefieldplcsincetheIPOinAugust2018asCushman&Wakefieldisincludedinthisindex.

Executive Chairman and Chief Executive Officer 2018‘000s

2019 ‘000s

Singletotalfigure $37,195 $7,603%ofmaximumAIP 76.7% 53.8%%ofmaximumperformance-vestingLTIP N/A —

Note:TheSingleTotalFigurevaluein2018isinflatedbytheinclusionoftheconversionof1,625,275performance-vestingRSUstotime-vestingRSUs.

Percentage change in CEO pay compared with employee pay

Thetablebelowshowsthepercentagechangeinsalary,benefitsandbonusfortheExecutiveChairmanandChiefExecutiveOfficerandtheCompany’sglobalemployeesbetween2018and2019.Theyear-over-yeardecreaseinMr.White’sBenefitscanlargelybeattributedtotheeliminationofCompanyreimbursementforpersonalaircraftusage.Theyear-over-yeardecreaseinbonusesforbothMr.WhiteandtheCompany’sglobalemployeesisduetolowerpercentagepayoutsundertheannualincentiveplanin2019comparedwith2018.

% change from 2018 to 2019 Salary Benefits BonusBrettWhite Nil -100% -29.8%Employees 12% 7% -9%

CEO pay ratioYear Method 25th percentile ratio Median ratio 75th percentile ratio2019 OptionA 164:1 114:1 68:1

Y25,Y50andY75representthepayandbenefits(calculatedonthesamemethodologyasthesingletotalfigure)fortheemployeesatthe25th,50thand75thpercentiles.

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OptionAhasbeenchosenbecauseitisthemoststatisticallyaccuratemethodology.Weidentifiedthe25th,50thand75thpopulationbasedontheemployeepopulationasof31December2019.Inidentifyingtheemployeesatthe25th,50thand75thpercentiles,wehaveannualizedthecompensationforemployeeswhowerenotinemploymentwiththeCompanyforthewholeofthefinancialyear.

ThemedianratiorepresentstheCompany’spayandprogressionpolicies.

Relative importance of spend on pay

Theoverallspendonpayin2018and2019andthechangeinspendisshownbelow.Nodividendswerepaidineitheryear.Theyear-over-yearincreaseinspendcanlargelybeattributedtoincreasedheadcountandmoderatepayincreasesduringtheperiod.

Overall spend on pay2018 ($millions) 2019 ($ millions) Change

6,016 6,253 4%

Implementation of remuneration policy for 2020

OurBoardofDirectors,withtheassistanceofourindependentcompensationconsultant,reviewsandestablishesourpeergroupannuallyandusessuchpeergroupasareferencesourceinitscompensationdeliberations.ThepeergroupisestablishedbyevaluatingcompaniesthattheCompensationCommittee,withtheassistanceofourindependentcompensationconsultant,believesarecomparabletouswithrespecttoindustrysegment,businessprofileandvariousfinancialcriteria.Our2019peergroupwasapprovedbyourCompensationCommitteeinMarch2019.Theonlychangesfromour2018peergroupweretheremovalofConvergysandForestCityRealtyduetosuchcompaniesbeingacquiredin2018.

In2020Non-ExecutiveDirectorsareeligibletoreceiveannualcashretainersandanannualRSUawardwithagrantdatevalueof$170,000whichwillvestinfullontheearlierofthefirstanniversaryofthedateofgrantortheannualshareholdermeeting.

ThesalaryoftheExecutiveChairmanandChiefExecutiveOfficerisreviewedeachyearrelativetomarketmedians.Adjustmentswouldbemadeifthesalaryisfoundtobelowagainstthemarket.Inaddition,Non-executiveDirectorfeesarealsoreviewedeachyearrelativetomarketdata.ThecurrentratesaresetoutbelowandtheCommittee(andtheBoardfortheExecutiveChairman)reservestherighttoadjustformarketalignment. 2019 2020 SalaryofExecutiveChairmanandChiefExecutiveOfficer $ 950,000 $ 950,000Non-executivedirectorBoardfee $ 90,000 $ 90,000AuditCommitteemember $ 10,000 $ 10,000AuditCommitteeChair(inadditiontomemberretainer) $ 15,000 $ 20,000CompensationCommitteemember $ 10,000 $ 10,000CompensationCommitteeChair(inadditiontomemberretainer) $ 15,000 $ 15,000NominatingandCorporateGovernanceCommitteemember $ 5,000 $ 5,000NominatingandCorporateGovernanceCommitteeChair(inadditiontomemberretainer) $ 10,000 $ 10,000

For2020,thecompensationstructurefortheExecutiveChairmanandChiefExecutiveOfficerremainsunchanged:

• Inadditiontobasepay,Mr.Whitewillcontinuetobeeligibleforatargetannualincentiveof$2,000,000.Thebonuspaidis

determinedbasedonfinancialperformancethatresultsinafundedrangeof0%to200%oftheirapplicabletarget.FinancialperformancewillbedeterminedbasedonCompanyachievementofEBITDA,fromaminimumof70%toamaximumof130%oftheannualoperatingplantarget,subjecttotheachievementoftheminimum70%ona

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consolidatedbasisandthediscretionofourboardofdirectors,withstraightlineinterpolationbetweenthesepoints.TheBoardmaintainsdiscretiontoadjustthefinalpaymentamount.

For2020EBITDAtargetsrelatedtotheAIP,specificdetailsrelatedtothefinancialtargetswillnotbereleasedduetotheircommercialsensitivity.Resultsoffinancialdatawillbereleasedastheybecomepubliclyavailableandthetargetswillbedisclosedinnextyear’sremunerationreport.

• Mr.Whitewillalsocontinuetobeeligibleforlong-termincentivesthatwillremain75%time-basedand25%performancebased.

The2020performance-vestingRSUs,payoutswillbebased50%onatargetAdjustedEBITDAMarginAccretion,asmeasuredastheaverageofthreeseparateyearsofperformance(2020,2021and2022),and50%onatargetRelativeTSR,asmeasuredonacumulativebasisoverameasurementperiodcommencinginMarch2020andendinginFebruary2023.AdjustedEBITDAMarginAccretionisameasureofprofitabilityobtainedbydividingAdjustedEBITDAbyFeerevenue.RelativeTSRistheCompany’stotalshareholderreturnrelativetothecompaniesintheRussel3000.Foreachperformancemetric,payoutrangesfrom0%to150%oftarget.Eachperformancemetricalsoincludesaminimumthreshold.Ifactualperformanceislessthantheminimumthresholdlevel,thepayoutwillbe0%forthatmetric.Thepayoutforeachmetricislinearlyinterpolatedforperformancebetweentheminimumthresholdandtargetandalsoforperformancebetweenthetargetandmaximum.

Forthe2020performance-basedvestingRSUsthatarebasedonMarginAccretion,specificdetailsrelatedtothefinancialtargetswillnotbereleasedduetotheircommercialsensitivity.Resultsoffinancialdatawillbereleasedastheybecomepubliclyavailableandthetargetswillbedisclosedintheremunerationreportdisclosingthepayoutsfortheseawards.Forthe2020performance-vestingRSUsthatarebasedonRelativeTSR,thepayoutswillbebasedontheachievementpercentagesovertheperformanceperiodrelativetothecompaniesintheRussell3000assetforthbelow(exceptthatifthetotalshareholderreturnoftheCompanyisnegativeovertheperformanceperiod,theachievementpercentageshallnotexceed100%).

Level of Achievement Relative TSR Percentile Rank Achievement PercentageBelow Threshold Less than 25th percentile 0%

Threshold At least the 25th percentile 50%Target At least the 50th percentile 100%

Maximum At least the 75th percentile 150%

Compensation Committee (“Committee”)

TheCommitteeshallbecomposedofthreeindependentnon-executivedirectors.ThechairoftheCommitteeshallbeappointedbytheBoard.CommitteemembersshallserveuntiltheirsuccessorsaredulyappointedandqualifiedoruntiltheirearlierremovalbytheBoardatanytime.

ThemembersoftheCommitteeduringtheyearwere:TimothyDattels(Chair),LincolnPan,andMichelleMacKayand,allofwhomareconsideredtobeindependentduringtheyear.Mr.McGinnwasappointedtotheCompensationCommitteein2020uponMs.MacKay’sresignationfromtheBoardtobecometheCompany’sChiefOperatingOfficer.

TheprimaryresponsibilitiesoftheCompensationCommitteeare:

• reviewingandrecommendingtotheBoardforapprovalthecorporategoalsandobjectivesrelevanttothecompensationofour

CEO;evaluatingtheperformanceofourCEOinlightofthosegoalsandobjectives;andrecommendingtotheBoardforapprovalthecompensationofourCEObasedonthatevaluation;

• reviewingandapprovingthecorporategoalsandobjectivesrelevanttothecompensationofourexecutiveofficers(otherthanthe

CEO);evaluatingtheperformanceofourexecutiveofficers(otherthantheCEO)inlightofthosegoalsandobjectives;anddeterminingthecompensationofourexecutiveofficers(otherthantheCEO)basedonthatevaluation;

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• reviewingandapprovingpoliciesandguidelinesrelatedtothecompensationofourexecutiveofficersanddirectors;and

• establishing,reviewingandadministeringourcompensationandemployeebenefitplans.

Independent Compensation Consultant

Infulfillingitsdutiesandresponsibilities,theCompensationCommitteehastheauthoritytoengagetheservicesofoutsideadvisersonanas-neededbasis.In2019,theCompensationCommitteeengagedFredericW.Cook&Co.,Inc.(“FWCook”),anationalexecutivecompensationconsultingfirm,asitsindependentcompensationconsultanttoassistitwithcompensationmatters.FWCookwasselectedastheCommittee’sexternal,independentcompensationadvisorthroughanRFPprocessconductedin2016.FWCookregularlyattendsmeetingsoftheCompensationCommittee,respondstoinquiriesfrommembersoftheCompensationCommitteeandprovidesanalysiswithrespecttotheseinquiries.FWCookworkscollaborativelywithourmanagementtogainanunderstandingofourbusinessandcompensationprogramstohelpthemadvisetheCompensationCommittee.Inaddition,FWCookregularlyconferswithourmanagementtocollect,analyzeandpresentdatarequestedbytheCompensationCommittee.

TheCompensationCommitteehasaskedFWCooktoregularlyprovideindependentadviceonthefollowingmatters(amongothers):

• thecompositionofourcompensationpeergroup(includinganalyzingexecutiveandnon-executivedirectorcompensationlevelsandpracticesofthecompaniesinourcompensationpeergroup);

• ourcompensationplanrisk;

• currentmarkettrendsandbestpracticesinexecutiveanddirectorcompensationdesign;and

• theoveralllevelsofcompensationandtypesandblendofvariouscompensationelements.

FWCookdoesnotprovideanyservicestousotherthantheservicesprovidedtotheCompensationCommittee.ThetotalexpensefortheservicesprovidedtotheCompensationCommitteebyFWCookduring2019wasapproximately$95,316,basedonagreedhourlyrates.

Shareholder voting outcome

TheresolutionsontheDirectors’RemunerationPolicyandtheDirectors’RemunerationReport(excludingtheDirectors’RemunerationPolicy)receivedthefollowingvotesfromshareholdersattheAnnualShareholders’Meetingheldon6June2019. Votes for % Votes against % Votes abstainedDirectors’remunerationpolicy(bindingvote) 188,219,888 96.58% 6,666,231 3.42% 2,669,960Annualreportonremuneration(advisoryvote) 188,234,625 96.60% 6,629,452 3.40% 2,692,042

Notes:Avoteabstainedisnotavoteinlawandisnotcountedinthecalculationofthevotes‘For’or‘Against’theresolution.VotesabstainedincludesbothvotesabstainedattheAnnualShareholders’MeetingandanyBrokernon-votes.

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01-BrettWhite02-RichardMcGinn03-JodieMcLeanForAgainstAbstainForAgainstAbstainForAgainstAbstain1UPX04-BillieWilliamsonCushman&WakefieldplcUsingablackinkpen,markyourvoteswithanXasshowninthisexample.Pleasedonotwriteoutsidethedesignatedareas.037TXB++Proposals—TheBoardofDirectorsrecommendavoteFORallthenomineeslistedandAFORProposals2-6.2.RatificationofKPMGLLPasourindependentregisteredpublic

accountingfirm.5.Non-binding,advisoryvoteonthecompensationofournamedexecutiveofficers(“Say-on-Pay”).1.ElectionoffourClassIIdirectorstoholdofficeuntilthe2023annualgeneralmeetingofshareholders:ForAgainstAbstainPleasesignexactlyasname(s)appearshereon.Jointownersshouldeachsign.Whensigningasattorney,executor,administrator,corporateofficer,trustee,guardian,orcustodian,pleasegivefulltitle.Date(mm/dd/yyyy)—Pleaseprintdatebelow.Signature1—Pleasekeepsignaturewithinthebox.Signature2—Pleasekeepsignaturewithinthebox.BAuthorizedSignatures—Thissectionmustbecompletedforyourvotetocount.Pleasedateandsignbelow.3.AppointmentofKPMGLLPasourUKStatutoryAuditor.4.AuthorizationoftheAuditCommitteetodeterminethecompensationofourUKStatutoryAuditor.qIFVOTINGBYMAIL,SIGN,DETACHANDRETURNTHEBOTTOMPORTIONINTHEENCLOSEDENVELOPE.q2020AnnualGeneralMeetingProxyCardForAgainstAbstain6.Non-binding,advisoryvoteonourdirectorcompensationreport.000004MRASAMPLEDESIGNATION(IFANY)ADD1ADD2ADD3ADD4ADD5ADD6ENDORSEMENT_LINE______________SACKPACK_____________123456789012345MMMMMMMMMMMMMMMMMMMMMMM457817MRASAMPLE(THISAREAISSETUPTOACCOMMODATE140CHARACTERS)MRASAMPLEANDMRASAMPLEANDMRASAMPLEANDMRASAMPLEANDMRASAMPLEANDMRASAMPLEANDMRASAMPLEANDMRASAMPLEANDC1234567890JNTC123456789MMMMMMMMMMMMMMMMMMMM000000000.000000ext000000000.000000ext000000000.000000ext000000000.000000ext000000000.000000ext000000000.000000extIfnoelectronicvoting,deleteQRcodeandcontrol#ÄYoumayvoteonlineorbyphoneinsteadofmailingthiscard.OnlineGotowww.investorvote.com/CWKorscantheQRcode—logindetailsarelocatedintheshadedbarbelow.Savepaper,timeandmoney!Signupforelectronicdeliveryatwww.investorvote.com/CWKPhoneCalltollfree1-800-652-VOTE(8683)withintheUSA,USterritoriesandCanadaVotessubmittedelectronicallymustbereceivedby11:59pm(EasternTime)onJune9,2020.Yourvotematters–here’showtovote!

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Smallstepsmakeanimpact.Helptheenvironmentbyconsentingtoreceiveelectronicdelivery,signupatwww.investorvote.com/CWKNoticeof2020AnnualGeneralMeetingofShareholdersProxySolicitedbyBoardofDirectorsforAnnualGeneralMeeting—June10,2020Theundersignedshareholder(s)ofCushman&Wakefieldplcherebyappoint(s)BrettWhite,DuncanPalmerandBrettSoloway,andeachofthem,astheundersigned’strueandlawfulproxies,eachwiththepowertoappointhissubstitute(s),andherebyauthorize(s)themtorepresentandtovoteallofthesharesofCushman&Wakefieldplcthattheshareholder(s)is/areentitledtovoteattheAnnualGeneralMeetingofShareholderstobeheldat8:00a.m.(CentralTime)onJune10,2020andatanyadjournmentorpostponementthereof,uponallsubjectsthatmayproperlycomebeforesuchmeeting,includingthemattersdescribedintheproxystatementfurnishedwiththisproxycard,subjecttothedirectionsindicatedonthereversesideofthiscard,withallthepowertheundersignedwouldpossessifpersonallypresent.

Sharesrepresentedbythisproxywillbevotedasdirectedbytheshareholder(s).Ifnosuchdirectionsareindicated,thisproxywillbevotedFOReachdirectornomineeandFORProposals2-6andinthediscretionoftheProxiesuponsuchotherbusinessasmayproperlycomebeforethemeetingoranyadjournmentorpostponementthereof.(Itemstobevotedappearonreverseside)CUSHMAN&WAKEFIELDplcqIFVOTINGBYMAIL,SIGN,DETACHANDRETURNTHEBOTTOMPORTIONINTHEENCLOSEDENVELOPE.qCNon-VotingItems++ChangeofAddress—Pleaseprintnewaddressbelow.ProxymaterialsfortheAnnualGeneralMeetingofShareholdersareavailableat:http://ir.cushmanwakefield.com