CBRE GROUP, INC. (CBRE) deputy CFO withholds shares for taxes

Rhea-AI Filing Summary

CBRE GROUP, INC. deputy chief financial officer Andrew S. Horn reported two tax-related share dispositions under an equity award. On March 5, 2026, he surrendered 118 and 141 shares of Class A common stock, each at $141.19 per share, to cover tax liabilities. After these non-market, tax-withholding transactions, he directly owned 12,815 shares of CBRE Class A common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Horn Andrew S

(Last) (First) (Middle)

2121 NORTH PEARL STREET

SUITE 300

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CBRE GROUP, INC. [ CBRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Deputy Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/05/2026		F		118	D	$141.19	12,956	D
Class A Common Stock	03/05/2026		F		141	D	$141.19	12,815	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Andria Iles, Attorney-in-Fact for Andrew S. Horn	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CBRE (CBRE) report for Andrew S. Horn?

CBRE reported that deputy chief financial officer Andrew S. Horn surrendered shares to cover tax liabilities. He disposed of Class A common stock in non-market transactions coded as tax-withholding dispositions related to equity compensation rather than open-market sales.

How many CBRE shares were used for Andrew S. Horn’s tax withholding?

Andrew S. Horn surrendered two blocks of CBRE Class A common stock for taxes. One block was 118 shares and the other 141 shares, both reported as tax-withholding dispositions tied to equity compensation, not discretionary open-market selling activity.

What price per share was reported for Andrew S. Horn’s CBRE tax-withholding dispositions?

Each tax-withholding disposition by Andrew S. Horn was reported at $141.19 per CBRE Class A common share. This figure reflects the price used to value the shares delivered to satisfy tax obligations arising from his equity compensation.

How many CBRE shares does Andrew S. Horn own after the reported transactions?

Following the reported tax-withholding dispositions, Andrew S. Horn directly owns 12,815 shares of CBRE Class A common stock. This post-transaction figure reflects his remaining direct holdings after delivering shares to cover associated tax liabilities.

What does transaction code F mean in Andrew S. Horn’s CBRE Form 4?

Transaction code F on Andrew S. Horn’s Form 4 indicates shares were delivered to pay an exercise price or tax liability. In this case, the code reflects tax-withholding dispositions tied to his equity compensation rather than ordinary buying or selling in the market.