Form 4: CBRE Executive John E. Durburg Reports Stock Vesting and Tax-Related Disposals
SEC Form 4 Filing
John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., reported the vesting of strategic equity awards and subsequent disposal of shares to cover tax obligations.
Summary
- On March 25, 2024, John E. Durburg, CEO of Advisory Services at CBRE Group, Inc., had strategic equity awards vest.
- These awards were initially granted on December 1, 2017.
- The vesting was certified by the Compensation Committee of the Board of Directors on the same day.
- Following the vesting, Durburg disposed of 9,573 shares of Class A Common Stock at a price of $95.71 per share to satisfy tax obligations.
- After these transactions, Durburg directly owns 217,379 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 2017-12-01 | Strategic equity awards granted to John E. Durburg |
| 2024-03-25 | Equity awards vested; disposal of shares for tax obligations |
| 2024-03-27 | Date of signature on the Form 4 filing |
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