Form 4: CBRE Executive John E. Durburg Reports Stock Transaction
SEC Form 4 Filing
John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., reported the disposition of 19,479 shares of Class A Common Stock on March 3, 2024.
Summary
- On March 3, 2024, John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., disposed of 19,479 shares of Class A Common Stock.
- The transaction was reported on a Form 4 filing with the SEC.
- The shares were disposed of at a price of $92.98 per share.
- Following the transaction, Durburg directly owns 186,094 shares of CBRE Group, Inc.
- A power of attorney was executed on February 27, 2024, granting Chad Doellinger, Marie Ly, and Cindy Kee the authority to act on Durburg's behalf for SEC filings related to CBRE Group, Inc.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 2024-02-27 | Date of execution of Power of Attorney. |
| 2024-03-03 | Date of stock transaction (disposal of shares). |
| 2024-03-05 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.