UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
This Current Report on Form 8-K is filed by CBRE Group, Inc., a Delaware corporation (the “Company”), in connection with the matters described herein.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Executive Retention Equity Award
On February 25, 2026, the Compensation Committee (the “Committee”) of the Company’s Board of Directors (the “Board”) issued a one-time equity-based retention award (the “Award”) to Vikram Kohli, the Company’s Chief Operating Officer and Chief Executive Officer, Advisory Services. The Award is designed to recognize Mr. Kohli's outstanding contributions, reinforce alignment with the Company’s long‑term performance objectives, and support Mr. Kohli’s retention in light of his significance to the Company’s long-term succession strategy. Notably, the Award is 100% performance based and will vest only if the specified performance criteria are met. The Award is also contingent upon Mr. Kohli’s continued employment with the Company for the entirety of the five-year vesting period.
The Award consists entirely of performance-based restricted stock units (“Performance RSUs”) and has a total target grant value of $5.0 million. Of the Performance RSUs comprising the total Award, (i) 50% are eligible to be earned and vest based on the achievement of relative total shareholder return (TSR) goals (the “rTSR Performance RSUs”) and (ii) 50% are eligible to be earned and vest based on the achievement of relative earnings per share (EPS) goals (the “rEPS Performance RSUs”). The payout on 100% of the Award is performance-based and subject to rigorous total shareholder return and Core EPS (as defined below) hurdles relative to the companies that comprised the S&P 500 on February 25, 2026 (the “Comparison Group”). For each such performance measure, none of the performance-based awards will be earned unless the Company’s performance is above the 40th percentile.
The Award has been made under terms that are materially consistent with the Company’s equity grants to other executives and employees, except that:
The performance and payout schedule for the rTSR and rEPS Performance RSUs is intentionally challenging and no Performance RSUs will vest unless the Company’s performance on the relevant metric exceeds 40th percentile performance. The payout schedule for the rTSR and rEPS Performance RSUs is as follows:
CBRE’s rTSR Performance (Percentile Rank) |
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% of Target rTSR Performance RSUs that Vest |
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CBRE’s rEPS Performance (Percentile Rank) |
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% of Target rEPS Performance RSUs that Vest |
Less than or equal to 40th percentile |
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0% |
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Less than or equal to 40th percentile |
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0% |
Above 40th but below 50th percentile |
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Linear interpolation between 0% and 100% |
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Above 40th but below 50th percentile |
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Linear interpolation between 0% and 100% |
At 50th percentile |
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100% |
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At 50th percentile |
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100% |
Above 50th percentile but below 75th percentile |
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Linear interpolation between 100% and 175% |
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Above 50th percentile but below 75th percentile |
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Linear interpolation between 100% and 175% |
75th percentile or greater |
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175% |
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75th percentile or greater |
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175% |
The rTSR Performance RSUs and rEPS Performance RSUs will vest on the later of the date on which the Committee certifies the performance percentile ranking achieved or February 25, 2031. The certification will occur as soon as practicable but not later than 90 days following the end of the applicable measurement period.
The foregoing description of the Award does not purport to be complete and is qualified in its entirety by reference to the full text of the Grant Notice and Restricted Stock Unit Agreement for the rTSR Performance RSUs and the Grant Notice and Restricted Stock Unit Agreement for the rEPS Performance RSUs, copies of which are attached as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following documents are attached as exhibits to this Current Report on Form 8-K:
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Exhibit Description |
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10.1 |
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10.2 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
+ Denotes a management contract or compensatory arrangement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 26, 2026 |
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CBRE GROUP, INC. |
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By: |
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/s/ EMMA E. GIAMARTINO |
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Emma E. Giamartino |
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Chief Financial Officer and Chief Investment Officer |