CBRE ($CBRE) board adopted a Second Amended & Restated Change‑in‑Control & Severance Plan effective Mar…
Filed with the SEC on · Summarized by InvestorsBot
CBRE ($CBRE) board adopted a Second Amended & Restated Change‑in‑Control & Severance Plan effective Mar 20, 2026 (adverse changes to current participants delayed until Mar 20, 2027). Plan reduces severance/equity payouts and tightens covenants. 🗓️✂️ #Compensation #CorporateGovernance
Key cash severance cuts at $CBRE: outside CIC multiples cut — Tier I (CEO) 2.0→1.5; Tier II (current execs) 1.5→1.25; Tier III 1.0→0.75. Within CIC: Tier I 2.0, Tier II 1.5, Tier III 0.75. Lowers potential cash liability. 📉 #Compensation #RealEstate
Equity/bonus & covenants: annual bonus pro‑rated capped at 100% of target; time‑based RSUs prorated by full months + reduced Equity Multiples (Tier I 24→18; II 18→15; III 12→9) with immediate settlement on accelerated RSUs; Good Reason narrowed (equity cut must be >15%); adds non‑compete. 🔒 $CBRE #CorporateGovernance #Compensation