[144] CBRE GROUP, INC. SEC Filing

Rhea-AI Filing Summary

Progressive Corp. (PGR) – Form 4 filing dated 29 Jul 2025: CFO John P. Sauerland reported equity-compensation activity executed on 25 Jul 2025.

• Acquired 30,272.359 common shares at $0 via vesting of 2022 performance-based RSUs and related dividend equivalents (Code A).
• Disposed 13,608 shares at $249.44 (Code F) for tax-withholding purposes.

Net impact: +16,664.359 shares; direct ownership now 244,688.428 shares. He also holds 13,577.06 shares indirectly through the 401(k) plan. No derivative positions were reported.

The transaction is routine incentive-plan vesting rather than an open-market purchase, yet the CFO retained roughly two-thirds of the vested stock—about $4.1 million in value—indicating continued alignment with shareholder interests. Market impact expected to be minimal.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; CFO nets +16.7K shares, negligible trading impact.

The filing reflects standard equity compensation mechanics: RSU vesting (Code A) followed by mandatory tax withholding (Code F). Sauerland chose to retain ~55% of the vested units, lifting his direct stake to 244.7 K shares. Because no open-market buying occurred, the event is unlikely to affect liquidity or valuation. Nonetheless, incremental insider ownership can be read as a modest vote of confidence.

Corporate Governance Expert

TL;DR: Executive keeps majority of vested shares, reinforcing alignment; not market-moving.

From a governance lens, retaining >16 K shares after covering taxes signals commitment to long-term value creation. Absence of discretionary sales or derivative activities minimizes concerns about potential negative signals. However, because the shares were awarded under a pre-established plan, the action is routine and should not be over-interpreted as opportunistic buying.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1494	232122.78	298104853	07/29/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	02/25/2025	Restricted Stock Vesting	Issuer			180	02/25/2025	Compensation
Class A	03/03/2025	Restricted Stock Vesting	Issuer			182	03/03/2025	Compensation
Class A	03/05/2025	Restricted Stock Vesting	Issuer			445	03/05/2025	Compensation
Class A	03/10/2025	Restricted Stock Vesting	Issuer			402	03/10/2025	Compensation
Class A	05/01/2025	Restricted Stock Vesting	Issuer			285	05/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Alison Caplan 2121 North Pearl Street Suite 300 Dallas TX 75201	Class A	06/24/2025	1497	209580.00
Lindsey Caplan 2121 North Pearl Street Suite 300 Dallas TX 75201	Class A	06/24/2025	1935	270900.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)