other material
confidence high
sentiment neutral
materiality 0.35
CBRE amends exec severance plan; lowers cash/equity multiples outside change-in-control
CBRE GROUP, INC.
- Severance Multiple outside CIC reduced: CEO 2.0→1.5, other execs 1.5→1.25, Tier III 1.0→0.75.
- Time-based equity vesting acceleration reduced: CEO 24→18 months, Tier II 18→15, Tier III 12→9.
- Performance-based award pro-ration now based on full months worked plus reduced Equity Multiple.
- Good Reason trigger for duties change outside CIC removed; equity grant reduction must exceed 15%.
- Non-competition covenant added; restricted period aligned with reduced severance and equity multiples.