Form 4: CBRE Deputy CFO Receives 2026 Annual Equity Award

CBRE Group's Deputy CFO, Andrew S. Horn, was granted 1,867 shares of Class A Common Stock as part of his 2026 annual equity award, with a portion withheld for taxes.

Summary

• Andrew S. Horn, Deputy Chief Financial Officer of CBRE Group, Inc., received an annual equity award on February 25, 2026.
• The award consisted of 1,867 shares of Class A Common Stock, granted at a price of $0.0000 per share.
• Concurrently, 113 shares were disposed of at a price of $147.24 per share to cover tax withholding obligations related to the award.
• Following these transactions, Andrew S. Horn beneficially owns 13,074 shares of Class A Common Stock.
• The granted securities will vest at a rate of 25% per year on February 25, 2027, 2028, 2029, and 2030, subject to specific award agreement conditions.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine and positive event, aligning executive incentives with shareholder value through long-term equity compensation, which is generally favorable for corporate governance and performance.

Positives

• The equity grant aligns the Deputy CFO's long-term interests with those of shareholders, promoting sustained company performance.
• It represents a standard component of executive compensation, indicating continued commitment to retaining key management.

Negatives

• The disposition of 113 shares for tax withholding, while standard, represents a minor reduction in the executive's direct ownership from the gross grant.

Future Outlook

The granted equity award is structured to vest over four years, with 25% of the shares vesting annually on February 25th from 2027 through 2030. This long-term vesting schedule ties the executive's future compensation to the company's sustained performance.

Industry Context

StockSavvy.ai notes that equity grants are a common compensation tool to align executive incentives with long-term company performance, typical across the real estate services industry. This particular filing reflects a routine annual award.

Comparison to Industry Standards

• Equity grants, such as the one reported, are a standard component of executive compensation packages across the S&P 500 and particularly within the real estate services sector, including peers like JLL and Cushman & Wakefield, aiming to align management incentives with long-term shareholder value.
• The vesting schedule of 25% per year over four years is a common structure for restricted stock units or similar equity awards, designed to encourage executive retention and focus on sustained growth.

Stakeholder Impact

• Shareholders: Benefit from increased alignment of executive interests with long-term company performance, potentially leading to better strategic decisions and value creation. There is a minor, standard dilution from the issuance of new shares.
• Employees (Executive): Andrew S. Horn receives a significant component of his compensation in equity, incentivizing his continued contribution to CBRE's success.

Next Steps

• The granted securities will vest at a rate of 25% per year on February 25, 2027, 2028, 2029, and 2030.

Key Dates

Keywords

CBRE, Equity Award, Form 4, Insider Transaction, Executive Compensation, Stock Grant, CBRE Group