Giamartino Emma E. 4

What Happened

• Emma E. Giamartino, CFO & Chief Investment Officer of CBRE Group (CBRE), had 9,606 shares withheld to satisfy tax obligations tied to equity compensation. The filing shows two dispositions on 2026-03-10: 2,822 shares and 6,784 shares, each at $134.59, totaling $379,813 and $913,059 respectively (combined ≈ $1,292,872).

Key Details

• Transaction date(s): March 10, 2026
• Price per share: $134.59 for both dispositions
• Shares surrendered: 2,822 and 6,784 (total 9,606)
• Total value withheld: $379,813 and $913,059 (total ≈ $1.29M)
• Transaction code: F — “Payment of exercise price or tax liability” (tax withholding)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: March 12, 2026 — filing appears timely (filed two days after the transactions)

Context

• Code F indicates shares were withheld to cover tax liabilities, typically following an option exercise or the vesting of restricted stock/RSUs. This is a tax-withholding disposition (often internal/cashless) rather than an open-market sale and is typically viewed as routine administrative action rather than a market sentiment signal.