CBRE deputy CFO uses 343 shares for taxes

CBRE Group deputy CFO Andrew S. Horn reported routine tax-related share dispositions.

Rhea-AI Filing Summary

CBRE Group deputy CFO Andrew S. Horn reported routine tax-related share dispositions. On March 10, 2026, he used a total of 343 shares of Class A Common Stock, in two F-code transactions of 156 and 187 shares at $134.59 per share, to satisfy tax obligations. After these transactions, he directly owned 12,472 shares of CBRE Class A Common Stock.

Insider Trade Summary

Exercise Price or Tax Liability: 343 shares

Exercise Price or Tax Liability 2 txns

Insider Horn Andrew S

Role Deputy Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	156	$134.59	$21K
Exercise Price or Tax Liability	Class A Common Stock	187	$134.59	$25K

Holdings After Transaction: Class A Common Stock — 12,472 shares (Direct)

FAQ

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

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

CBRE reported that Deputy Chief Financial Officer Andrew S. Horn used 343 shares of Class A Common Stock to satisfy tax obligations. The shares were delivered in two F-code transactions on March 10, 2026, and were not open-market sales.

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

A total of 343 CBRE Class A Common Stock shares were used for tax withholding. This consisted of two F-code transactions of 156 and 187 shares, each priced at $134.59 per share, classified as payment of tax liability by delivering securities.

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

Transaction code F on the CBRE Form 4 indicates a payment of exercise price or tax liability by delivering securities. For Andrew S. Horn, both reported transactions were coded F and described as tax-withholding dispositions, not open-market purchases or sales.

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

Following the tax-withholding dispositions, Andrew S. Horn directly owned 12,472 shares of CBRE Class A Common Stock. The Form 4 shows this post-transaction balance after two F-code transactions on March 10, 2026, covering a total of 343 shares for tax obligations.

Were there any open-market buys or sells in this CBRE Form 4 filing?

No open-market buys or sells were reported. The filing shows two F-code transactions classified as tax-withholding dispositions, used to pay tax liabilities by delivering 343 CBRE shares. The transaction summary lists zero buy shares and zero sell shares.

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
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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)
03/10/2026

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		156	D	$134.59	12,659	D
Class A Common Stock	03/10/2026		F		187	D	$134.59	12,472	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	03/12/2026
	** 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.