Form 4: CBRE Group CEO, GWS, Chandra Dhandapani Reports Stock Transaction
SEC Form 4 Filing
Chandra Dhandapani, CEO, GWS of CBRE Group, Inc., reports the disposal of 11,030 shares of Class A Common Stock on March 3, 2024, to cover tax obligations.
Summary
- On March 3, 2024, Chandra Dhandapani, CEO, GWS of CBRE Group, Inc., disposed of 11,030 shares of Class A Common Stock.
- The transaction was executed at a price of $92.98 per share.
- Following the transaction, Dhandapani directly owns 114,712 shares of CBRE Group, Inc.
- The transaction was related to the satisfaction of tax obligations.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for market confidence and regulatory oversight.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 2024-02-27 | Date of execution for Power of Attorney. |
| 2024-03-03 | Date of stock transaction (disposal of shares). |
| 2024-03-05 | Date of signature for the Form 4 filing. |
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