CBRE CFO reports tax-withholding share disposition

CBRE GROUP, INC. executive Emma E. Giamartino, CFO & Chief Investment Officer, reported two tax-related share dispositions of Class A Common Stock on March 10, 2026.

Rhea-AI Filing Summary

CBRE GROUP, INC. executive Emma E. Giamartino, CFO & Chief Investment Officer, reported two tax-related share dispositions of Class A Common Stock on March 10, 2026. A total of 9,606 shares were withheld at $134.59 per share to satisfy tax obligations, which is coded as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 112,979 shares.

Insights

Equity compensation analyst

Routine tax withholding on equity compensation, not an open-market sale.

Emma E. Giamartino, CFO & Chief Investment Officer of CBRE GROUP, INC., reported two Form 4 transactions coded "F" in Class A Common Stock. Code F indicates shares delivered to cover tax liabilities tied to equity compensation, not discretionary selling in the market.

The filing shows 9,606 shares used for tax-withholding at $134.59 per share. Following these dispositions, she directly holds 112,979 shares, suggesting the action is small relative to her overall reported stake and consistent with standard equity award administration.

Insider Trade Summary

Exercise Price or Tax Liability: 9,606 shares

Exercise Price or Tax Liability 2 txns

Insider Giamartino Emma E.

Role CFO & Chief Investment Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	2,822	$134.59	$380K
Exercise Price or Tax Liability	Class A Common Stock	6,784	$134.59	$913K

Holdings After Transaction: Class A Common Stock — 112,979 shares (Direct)

FAQ

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

What insider transaction did CBRE (CBRE) report for Emma E. Giamartino?

CBRE reported that CFO & Chief Investment Officer Emma E. Giamartino had 9,606 Class A Common Stock shares withheld. These were coded as tax-withholding dispositions to satisfy equity-related tax obligations, not as open-market purchases or sales.

Was the CBRE (CBRE) insider activity a stock sale in the open market?

No. The transactions were coded "F," indicating shares delivered to cover tax liabilities. This means 9,606 shares were withheld at $134.59 per share for taxes, rather than sold at the insider’s discretion in the open market.

How many CBRE (CBRE) shares does Emma E. Giamartino hold after the Form 4?

After the reported tax-withholding dispositions, Emma E. Giamartino directly holds 112,979 shares of CBRE Class A Common Stock. This post-transaction balance in the Form 4 helps show the reported tax-related disposition is small relative to her remaining stake.

What does transaction code "F" mean in the CBRE (CBRE) Form 4 filing?

Transaction code "F" means payment of exercise price or tax liability by delivering securities. In this case, 9,606 CBRE Class A Common Stock shares were used to satisfy tax obligations connected to equity compensation, rather than being sold for investment portfolio reasons.

What was the price used for the CBRE (CBRE) tax-withholding transactions?

The tax-withholding dispositions used a price of $134.59 per share for CBRE Class A Common Stock. This price is the value applied in the Form 4 to calculate the number of shares required to cover the reported tax liabilities on the equity awards.

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

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Accepted by SEC EDGAR 03/12/2026 - 06:01 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
Estimated average burden
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^*

Giamartino Emma E.

(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)
	CFO & Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		F		2,822	D	$134.59	119,763	D
Class A Common Stock	03/10/2026		F		6,784	D	$134.59	112,979	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 Emma E. Giamartino	03/12/2026
	** 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.