Form 4: CBRE Director Reginald H. Gilyard Reports Stock Transactions
SEC Form 4 Filing
Reginald H. Gilyard, a director at CBRE Group, Inc., reported the acquisition and disposal of Class A Common Stock, including the granting of restricted stock units.
Summary
- On May 22, 2024, Reginald H. Gilyard, a director of CBRE Group, Inc., acquired 2,455 shares of Class A Common Stock at $0.00 per share.
- On May 23, 2024, Gilyard disposed of 2,919 shares of Class A Common Stock at $0.00 per share.
- Also on May 23, 2024, Gilyard acquired 2,919 shares of Class A Common Stock indirectly through the Gilyard Family Trust UDT 3/27/15.
- Following these transactions, Gilyard directly owns 2,455 shares and indirectly owns 17,368 shares through the Gilyard Family Trust.
- The reported transactions include the granting of restricted stock units under the Issuer's Director Compensation Policy, which vest on the earlier of May 22, 2025, or the next annual meeting of stockholders.
- Gilyard has a Power of Attorney appointing Chad Doellinger, Marie Ly, and Cindy Kee to act on his behalf for SEC filings related to CBRE Group, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't convey any particularly positive or negative sentiment.
Positives
- The granting of restricted stock units to a director aligns their interests with those of the shareholders.
Future Outlook
The restricted stock units will vest on the earlier of May 22, 2025, or the Issuer's next annual meeting of stockholders.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies like CBRE. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 3/27/15 | Date of the Gilyard Family Trust UDT |
| 05/22/2024 | Date of stock acquisition and Power of Attorney execution |
| 05/23/2024 | Date of stock disposal and acquisition through family trust |
| 05/22/2025 | Vesting date of restricted stock units (or earlier if next annual meeting) |
| 05/24/2024 | Date of Form 4 signature |
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