CBRE executive uses shares to cover taxes

CBRE GROUP, INC. executive Andrew R. Glanzman, CEO of Real Estate Investments, reported two tax-withholding dispositions of Class A Common Stock on 2026-03-05.

Rhea-AI Filing Summary

CBRE GROUP, INC. executive Andrew R. Glanzman, CEO of Real Estate Investments, reported two tax-withholding dispositions of Class A Common Stock on 2026-03-05. He delivered 739 shares and 785 shares at $141.19 per share to cover tax liabilities, leaving 58,157 shares of direct ownership.

Insider Trade Summary

Exercise Price or Tax Liability: 1,524 shares

Exercise Price or Tax Liability 2 txns

Insider Glanzman Andrew R

Role CEO, Real Estate Investments

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	739	$141.19	$104K
Exercise Price or Tax Liability	Class A Common Stock	785	$141.19	$111K

Holdings After Transaction: Class A Common Stock — 58,157 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CBRE (CBRE) executive Andrew Glanzman report?

Andrew R. Glanzman reported two tax-withholding dispositions of CBRE Class A Common Stock. On 2026-03-05, he delivered 739 shares and 785 shares to satisfy tax liabilities, rather than executing open-market sales, according to the Form 4 data.

How many CBRE shares did Andrew Glanzman dispose of for tax withholding?

Andrew Glanzman disposed of 739 shares and 785 shares of CBRE Class A Common Stock. These Form 4 transactions were coded “F,” indicating shares were withheld or delivered to cover tax obligations, not traditional open-market buy or sell trades.

At what price were Andrew Glanzman’s CBRE tax-withholding shares valued?

The tax-withholding dispositions used a share price of $141.19 for CBRE Class A Common Stock. Both transactions on 2026-03-05 applied this price when 739 shares and 785 shares were delivered to satisfy related tax liabilities.

How many CBRE shares does Andrew Glanzman own after these transactions?

Following the reported tax-withholding dispositions, Andrew Glanzman directly owns 58,157 shares of CBRE Class A Common Stock. This total reflects the Form 4 figure labeled “shares following transaction” after the second disposition recorded on 2026-03-05.

Does Andrew Glanzman’s CBRE Form 4 show open-market buying or selling?

The Form 4 does not show open-market buying or selling. Both transactions are coded “F” and described as payment of tax liability by delivering securities, meaning the shares were used for withholding taxes rather than traditional market purchases or sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 05:03 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Glanzman Andrew R

(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)
	CEO, Real Estate Investments

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		739	D	$141.19	58,942	D
Class A Common Stock	03/05/2026		F		785	D	$141.19	58,157	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 R. Glanzman	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.