Form 4: CBRE Executive Daniel Queenan Reports Stock Disposal
SEC Form 4 Filing
Daniel G. Queenan, CEO of Real Estate Investments at CBRE Group, Inc., reported the disposal of 19,237 shares of Class A Common Stock on March 3, 2024.
Summary
- On March 3, 2024, Daniel G. Queenan, CEO of Real Estate Investments at CBRE Group, Inc., disposed of 19,237 shares of Class A Common Stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Queenan directly owns 205,654 shares of CBRE Group, Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the real estate and investment industries.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like CBRE, similar to filings made by executives at Jones Lang LaSalle (JLL) and Cushman & Wakefield (CWK).
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency in insider trading activities.
Key Dates
| Date | Description |
|---|---|
| February 27, 2024 | Date of execution of Power of Attorney. |
| March 3, 2024 | Date of transaction (disposal of shares). |
| March 5, 2024 | Date of signature of the report. |
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