Form 4: CBRE Executive John E. Durburg Reports Stock Disposal
SEC Filing
John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., reported disposing of 2,872 shares of Class A Common Stock on March 10, 2024, to cover tax obligations.
Summary
- On March 12, 2024, a Form 4 filing with the SEC revealed that John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., disposed of company stock.
- The transaction occurred on March 10, 2024, where 2,872 shares of Class A Common Stock were disposed of at a price of $94.37 per share.
- Following the transaction, Durburg directly owns 205,343 shares of CBRE Group, Inc.
- The disposal was likely to cover tax obligations related to vesting of stock or option exercise.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock disposal, which is neutral in sentiment. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of stock disposal transaction. |
| 03/12/2024 | Date of Form 4 filing. |
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