CBRE (NYSE: CBRE) deputy CFO receives 1,932-share equity award

Rhea-AI Filing Summary

CBRE Group, Inc. reported that Deputy Chief Financial Officer Andrew S. Horn acquired 1,932 shares of Class A common stock through the vesting of a restricted stock unit award. This award is part of his 2025 annual equity grant tied to the company’s Core EPS performance. Following this acquisition, he beneficially owns 11,319 shares directly. The restricted stock units will vest in full on March 5, 2028, subject to forfeiture under conditions outlined in the award agreement.

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)
02/20/2026

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	02/20/2026		A(1)		1,932	A	$0.0000	11,319	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:

1. Represents restricted stock units granted to the Reporting Person on March 5, 2025 as part of the Reporting Person's 2025 annual equity award. On February 20, 2026, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer's Core EPS performance necessary for this award to vest. As such, these restricted stock units will vest in full on March 5, 2028, subject to forfeiture in certain circumstances as set forth in the restricted stock units award agreement.

	/s/ Andria Iles, Attorney-in-Fact for Andrew S. Horn	02/24/2026
	** 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 acquired 1,932 shares of Class A common stock via a restricted stock unit award. The award relates to his 2025 annual equity grant and is contingent on Core EPS performance certified on February 20, 2026.

How many CBRE (CBRE) shares does Andrew S. Horn own after this Form 4?

After this transaction, Andrew S. Horn beneficially owns 11,319 shares of CBRE Class A common stock directly. This total includes the 1,932 shares tied to his restricted stock unit award that became earned based on Core EPS performance certification by the compensation committee.

What triggered the vesting of Andrew S. Horn’s CBRE restricted stock units?

The vesting was triggered when CBRE’s compensation committee certified the company’s Core EPS performance on February 20, 2026. This certification satisfied the performance condition for Horn’s 2025 annual equity award, allowing the related restricted stock units to be scheduled to vest in full in 2028.

When will Andrew S. Horn’s CBRE restricted stock units fully vest?

The restricted stock units are scheduled to vest in full on March 5, 2028. Vesting remains subject to potential forfeiture under certain conditions described in the restricted stock unit award agreement governing Andrew S. Horn’s 2025 annual equity grant at CBRE.

What type of equity award did CBRE grant to Andrew S. Horn?

CBRE granted Andrew S. Horn restricted stock units as part of his 2025 annual equity award. These units convert into Class A common stock once performance conditions tied to Core EPS are certified and time-based vesting requirements are satisfied, subject to forfeiture provisions.

Was cash involved in Andrew S. Horn’s CBRE Form 4 transaction?

No cash purchase was reported; the transaction price per share was shown as $0.0000. The 1,932 shares were acquired through a grant or award of restricted stock units, reflecting non-cash compensation tied to CBRE’s Core EPS performance and vesting schedule.