CBRE trims executive severance and equity vesting terms in revised change-in-control plan
On March 20, 2026, CBRE's board adopted a Second Amended and Restated Change in Control and Severance Plan for Senior Management, which lowers severance multiples and equity acceleration outside a change-in-control period. Changes adverse to participants take effect March 20, 2027, and the plan adds a non-competition covenant.
- Outside a change-in-control period, the CEO's cash severance multiple falls from 2.0 to 1.5, and the multiple for all current executive officers falls from 1.5 to 1.25.
- Equity acceleration for the CEO falls from 24 months to 18 months, and for Tier II participants from 18 months to 15 months.
- Good Reason resignation requires an annual equity grant reduction of more than 15% versus the prior year.
- Changes adverse to a participant do not apply to that participant until March 20, 2027.