CBRE Group

On August 18, 2022, the Board of Directors of the Company (the “Board”) appointed E.M. Blake Hutcheson to the Board, effective September 1, 2022, to serve until the Company’s 2023 annual meeting of stockholders. There is no arrangement or understanding between Mr. Hutcheson and any other person pursuant to which the Board selected Mr. Hutcheson as a director, and Mr. Hutcheson has not participated in any “related party-transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Mr. Hutcheson is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission (“SEC”) rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards. Mr. Hutcheson will receive the Company’s standard compensation package for non-employee directors.

On May 20, 2022, the Company announced new executive leadership assignments for key senior executives. Daniel G. Queenan, who most recently served as CEO, Advisory Services, has assumed the responsibilities of CEO, Real Estate Investments (“REI”). Michael J. Lafitte, who most recently held dual roles as CEO of both REI and Trammell Crow Company (“TCC”), will now focus on his TCC CEO responsibilities and has also assumed oversight of the Company’s Client Care program. John E. Durburg, who most recently served as CEO, Global Workplace Solutions (“GWS”) has assumed the responsibilities of CEO, Advisory Services. Chandra Dhandapani, who most recently served as COO of GWS and Chief Transformation Officer for the entire CBRE enterprise, has assumed the responsibilities of CEO, GWS. In connection with her promotion to CEO, GWS, Ms.

On March 4, 2022, the Board of Directors of the Company (the “Board”) appointed Susan Meaney to the Board, effective March 4, 2022, to serve until the Company’s 2022 annual meeting of stockholders. Ms. Meaney was also appointed to serve as a member of the Audit Committee of the Board. There is no arrangement or understanding between Ms. Meaney and any other person pursuant to which the Board selected Ms. Meaney as a director, and Ms. Meaney has not participated in any “related party-transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Ms. Meaney is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission (“SEC”) rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards. Ms.

2022 CEO Compensation On February 18, 2022, the Compensation Committee (the “Committee”) of the Company’s Board of Directors (the “Board”) established the 2022 target compensation described below and issued a one-time Strategic Equity Award to Robert E. Sulentic, the Company’s President and Chief Executive Officer (“CEO”). Since 2012, the year Mr. Sulentic became our CEO, through 2021, the Company has significantly exceeded the S&P 500 aggregate in total shareholder return 1 (445% for CBRE and 299% for the S&P 500). The Company has also significantly outpaced the S&P 500 in earnings growth from 2012 through 2020 (129% 2 for CBRE vs. 32% 3 for the S&P 500) and has grown GAAP EPS 144% from 2020 to 2021. Under Mr.

On March 3, 2021, the Company’s board of directors (the “Board”) increased President and Chief Executive Officer (“CEO”) Robert Sulentic’s total target annual compensation to $16,250,000 (comprised of his annual base salary, annual target performance award and annual target equity award). The Board believes that the increase in Mr. Sulentic’s total target compensation is warranted in light of the Company’s performance over the past several years, and that the structure of his compensation package aligns with long-term shareholder value creation. The Company has had an outstanding track record since Mr. Sulentic became CEO in December 2012, as reflected in strong revenue and earnings growth and share-price appreciation. During Mr.

On November 19, 2020, the Board of Directors of the Company (the “Board”) appointed Oscar Munoz to the Board, effective November 19, 2020, to serve until the Company’s 2021 annual meeting of stockholders. Mr. Munoz is also expected to be appointed to serve as a member of the Audit Committee of the Board. There is no arrangement or understanding between Mr. Munoz and any other person pursuant to which the Board selected Mr. Munoz as a director, and Mr. Munoz has not participated in any “related party-transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Mr. Munoz is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards. Mr.

In light of Dara A. Bazzano’s previously announced departure, Leah C. Stearns, the Company’s Chief Financial Officer, will assume the responsibilities of principal accounting officer, effective July 17, 2020.

On June 14, 2020, Dara A. Bazzano, the Company’s Senior Vice President, Global Finance and Chief Accounting Officer, notified the Company of her decision to resign, effective as of July 17, 2020, in order to accept a new opportunity. The Company is conducting a search for Ms. Bazzano’s permanent replacement.

On April 21, 2020, the Company and James R. Groch, who is currently serving as the Company’s Global Group President and Chief Investment Officer, mutually agreed that Mr. Groch would transition from the Company on June 30, 2020. Mr. Groch will receive payments and benefits afforded to senior executives under the Company’s Change in Control and Severance Plan for Senior Management (the “Plan”), and will remain eligible to receive a pro rata portion of the one-time Strategic Equity Awards granted to Mr. Groch (along with other senior executives of the Company) in 2017. Mr. Groch will be subject to certain non-competition and non-solicitation obligations through June 30, 2021.

On November 14, 2019, the Company announced new executive leadership assignments for key senior executives, effective January 1, 2020. William F. Concannon, currently Global CEO, Global Workplace Solutions, will assume a new senior executive role – Global Group President, Clients and Business Partners. Consistent with the Company’s succession planning, John E. Durburg, currently Global Chief Operating Officer, will succeed Mr. Concannon as Global CEO, Global Workplace Solutions. J. Christopher Kirk, currently Chief Executive Talent & Administrative Officer, will become Global Chief Operating Officer. Michael J. Lafitte, currently Global CEO, Advisory Services, will become Global CEO, Real Estate Investments. Lastly, Daniel G. Queenan, currently Global CEO, Real Estate Investments, will become Global CEO, Advisory Services.

On April 15, 2019, the Company announced the appointment of Leah C. Stearns as the Company’s Chief Financial Officer (“CFO”), effective May 15, 2019. As previously announced, James R. Groch, the Company’s current CFO and Chief Investment Officer, will focus full time on his responsibilities as the Company’s Global Group President and Chief Investment Officer, effective May 15, 2019. Ms. Stearns, age 38, has served as Senior Vice President and CFO for the U.S. division of American Tower Corporation, a real estate investment trust, since November 2018. Prior to that, Ms.

(e) Compensation for Named Executive Officers for 2019 On February 27, 2019, the Compensation Committee of our Board of Directors (the “Compensation Committee”) established base salaries, annual performance award targets and long-term equity incentive award targets for 2019 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2018 Annual Meeting of Stockholders. Long-Term Equity Incentive Name Base Salary Annual Performance Award Target Adjusted EPS Award Target Time Vest Award Target Total Equity Award Target Robert E. Sulentic, President and Chief Executive Officer $ 1,000,000 $ 2,000,000 $ 6,600,000 $ 3,400,000 $ 10,000,000 James R. Groch, Chief Financial Officer and Chief Investment Officer $ 770,000 $ 1,155,000 $ 1,000,000 $ 2,000,000 $ 3,000,000 Michael J.

On January 7, 2019, the Company announced plans to divide the responsibilities of its Chief Financial Officer (CFO) and Chief Investment Officer (CIO) into two senior executive positions. James R. Groch will serve as the Company’s Chief Financial Officer and Global Director of Corporate Development until a successor Chief Financial Officer is appointed. Following the appointment of a new Chief Financial Officer, Mr. Groch will become the Company’s Global Group President and Chief Investment Officer. On January 4, 2019, the Company entered into an agreement with Mr.

Paula R. Reynolds, a member of the Company’s Board of Directors (the “Board”), has notified the Company that she will not stand for re-election at the Company’s 2019 annual meeting (the “Annual Meeting”). Ms. Reynolds will continue to serve as a Director until the Annual Meeting. Ms. Reynold’s decision was based on her desire to reduce the number of public company boards on which she will serve, and was not the result of any disagreements with the Board or the Company on matters related to the Company’s operations, policies or practices.

(d) On November 16, 2018, the Board of Directors of the Company (the “Board”) appointed Reginald H. Gilyard to the Board, effective November 16, 2018, to serve until the Company’s 2019 annual meeting of stockholders. Mr. Gilyard is also expected to be appointed to serve as a member of the Compensation Committee of the Board (the “Compensation Committee”). There is no arrangement or understanding between Mr. Gilyard and any other person pursuant to which the Board selected Mr. Gilyard as a director, and Mr. Gilyard has not participated in any “related party-transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Mr.

On August 17, 2018, the Company and Calvin W. Frese, Jr., who had been serving as our Global Group President, agreed that Mr. Frese would step down from that role on August 17, 2018 and retire on December 31, 2019 (the “Retirement Date”). The Company and Mr. Frese entered into an Employment and Transition Agreement (the “Agreement”) pursuant to which Mr. Frese agreed to remain an employee of the Company in a non-executive capacity through the Retirement Date. Pursuant to the Agreement, the Company will make payments to Mr. Frese totaling $2 million ($500,000 per quarter) in 2019 and $10 million ($2,500,000 per quarter) in 2020, subject to certain restrictions described below. Had Mr.

On May 18, 2018, the Company’s Board of Directors (the “Board”) appointed Dara A. Bazzano as the Company’s Chief Accounting Officer (“CAO”), effective immediately. Arlin E. Gaffner, who filled this role on an interim basis since November 2017, will focus full-time on his responsibilities as Chief Financial Officer of the Company’s Americas business. Ms. Bazzano, age 49, joined the Company as Senior Vice President, Global Finance in April 2018. Prior to joining the Company, Ms. Bazzano served as the Chief Accounting Officer at The Gap Inc., a public global clothing and accessories retailer, from May 2017 to April 2018 and as Vice President and Corporate Controller from July 2013 to April 2018. Prior to that, Ms. Bazzano served as an Assurance Partner at PricewaterhouseCoopers LLP from March 2011 to June 2013 and an Audit Partner at KPMG LLP from January 2006 to March 2011.

(e) Compensation for Named Executive Officers for 2018 On February 16, 2018, the Compensation Committee of our Board of Directors established base salaries, annual performance award targets and long-term equity incentive award targets for 2018 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2017 Annual Meeting of Stockholders. Name Base Salary Annual Performance Award Target Long-Term Equity Incentive Award Target Robert E. Sulentic $ 1,000,000 $ 2,000,000 $ 6,800,000 President and Chief Executive Officer James R. Groch $ 770,000 $ 1,155,000 $ 3,000,000 Chief Financial Officer and Global Director of Corporate Development T. Ritson Ferguson $ 800,000 $ 1,200,000 $ 1,600,000 Chief Executive Officer—CBRE Global Investors Michael J. Lafitte $ 735,000 $ 1,100,000 $ 2,660,000 Global Group President Calvin W. Frese, Jr.

(e) Strategic Equity Grant . On December 1, 2017, the Compensation Committee (the “Committee”) of the Company’s Board of Directors made a special one-time grant of restricted stock units (“RSUs”) under the Company’s 2017 Stock Incentive Plan (the “Stock Plan”) to each of James R. Groch, the Company’s Chief Financial Officer and Global Director of Corporate Development, Michael J. Lafitte, the Company’s Global Group President, Lines of Business and Client Care, Calvin W. Frese, Jr., the Company’s Global Group President, Geographies, and William F. Concannon, the Company’s Chief Executive Officer—Global Workplace Solutions (collectively, the “NEOs”). As a condition to this special RSU grant, each NEO has agreed to execute a Restrictive Covenants Agreement having the terms described below. The total target number of RSUs granted to each of Messrs.

(c) On November 14, 2017, the Board of Directors of the Company (the “Board”) appointed Arlin E. Gaffner as the Company’s Senior Vice President and Chief Accounting Officer, effective November 17, 2017. Mr. Gaffner will also continue to serve as the Chief Financial Officer of the Company’s Americas business. Additional information about Mr. Gaffner may be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 27, 2017. Effective November 1, 2017, Mr. Gaffner will earn an annual salary of $400,000 (prorated for any partial periods), be eligible for an annual target bonus of $400,000 (prorated for any partial periods) and an annual target equity award of $350,000. Mr.

On October 24, 2017, Gil Borok, the Company’s Deputy Chief Financial Officer and Chief Accounting Officer, notified the Company of his decision to resign, effective as of November 17, 2017, in order to pursue a new opportunity. Concurrent with Mr. Borok’s effective date of resignation, Arlin E. Gaffner, age 61, will assume the responsibilities of Chief Accounting Officer of the Company on an interim basis in addition to his existing responsibilities. Mr. Gaffner has served as Chief Financial Officer of the Company’s Americas business since March 2014. From March 2010 until March 2014, Mr. Gaffner served as Chief Accounting Officer of the Company. Mr. Gaffner served as Chief Financial Officer of Trammell Crow Company, a subsidiary of the Company, from the Company’s acquisition of Trammell Crow Company in December 2006 until December 2011.

(e) Compensation for Named Executive Officers for 2017 On March 3, 2017, the Compensation Committee of our Board of Directors established base salaries, annual performance award targets and long-term equity incentive award targets for 2017 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2016 Annual Meeting of Stockholders. Name Base Salary Annual Performance Award Target Long-Term Equity Incentive Award Target Robert E. Sulentic President and Chief Executive Officer $ 990,000 $ 1,980,000 $ 5,630,000 (1) James R. Groch Chief Financial Officer and Global Director of Corporate Development $ 770,000 $ 1,155,000 $ 3,000,000 Michael J. Lafitte Global Group President, Lines of Business and Client Care $ 700,000 $ 1,050,000 $ 2,320,000 Calvin W. Frese, Jr.

(d) On March 10, 2016, the Board of Directors of the Company (the “Board”) appointed Paula R. Reynolds to the Board, effective March 10, 2016, to serve until the Company’s 2016 annual meeting of stockholders. There is no arrangement or understanding between Ms. Reynolds and any other person pursuant to which our Board selected Ms. Reynolds as a director, and Ms. Reynolds has not participated in any “related-party transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Ms. Reynolds is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards. Ms. Reynolds will receive the Company’s standard compensation package for non-employee directors.

(e) Compensation for Named Executive Officers for 2016 On February 10, 2016, the Compensation Committee of our Board of Directors established base salaries, annual performance award targets and long-term equity incentive award targets for 2016 for our named executive officers (listed below) whose compensation was disclosed in the Proxy Statement for our 2015 Annual Meeting of Stockholders. These are the same salaries and targets as were in effect for these named executive officers for 2015. Name Base Salary Annual Performance Award Target Long-Term Equity Incentive Award Target Robert E. Sulentic $ 990,000 $ 1,485,000 $ 4,125,000 President and Chief Executive Officer James R. Groch $ 770,000 $ 1,155,000 $ 3,000,000 Chief Financial Officer and Global Director of Corporate Development Michael J. Lafitte $ 700,000 $ 1,050,000 $ 2,320,000 Chief Operating Officer Calvin W. Frese, Jr.

(d) On January 12, 2016, the Board of Directors of the Company (the “Board”) appointed Christopher T. Jenny to the Board and the Board’s Corporate Governance and Nominating Committee, effective January 12, 2016, to serve until the Company’s 2016 annual meeting of stockholders. There is no arrangement or understanding between Mr. Jenny and any other person pursuant to which Mr. Jenny was selected as a director, and Mr. Jenny has not participated in any “related-party transactions” with the Company as set forth in Item 404(a) of Regulation S-K. The Board has also determined that Mr. Jenny is “independent” as defined under New York Stock Exchange and Securities and Exchange Commission rules and guidance as well as under the Board’s Corporate Governance Guidelines and its Categorical Independence Standards. Mr.