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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.