Glanzman Andrew R 4

What Happened Andrew R. Glanzman, CEO of Real Estate Investments at CBRE Group (CBRE), had 1,524 shares withheld to satisfy tax obligations tied to equity compensation. On 2026-03-05 he surrendered 739 shares at $141.19 each ($104,339) and 785 shares at $141.19 each ($110,834), a combined value of about $215,173. These transactions are reported on Form 4 with transaction code F (payment of exercise price or tax liability) and represent tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (timely — within the usual two business-day Form 4 window).
• Shares surrendered: 739 @ $141.19 ($104,339) and 785 @ $141.19 ($110,834); total 1,524 shares, ~$215,173.
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: Not provided in the excerpt of the filing.
• No indication in this filing of a 10b5-1 plan or an open-market sale; this appears to be routine tax withholding.

Context When executives exercise options or receive vested shares, companies commonly withhold a portion of shares to cover taxes. That withholding (code F) is routine and does not necessarily signal a view on the company's stock—it's different from an intentional cash sale. This filing documents the mechanics of covering tax liability rather than an investment decision.