AI English summary of an SEC filing — figures as filed
CBRE Group CBRECBRE said the Compensation Committee of its Board approved new forms of grant notices and award agreements for Time Vesting RSUs, Core EPS Performance Vesting RSUs and Relative TSR Performance Vesting RSUs on March 5, 2024. They apply to awards granted on or after March 5, 2024.
Key points
AI summaryCBRE said the Compensation Committee of its Board approved new forms of grant notices and award agreements for Time Vesting RSUs, Core EPS Performance Vesting RSUs and Relative TSR Performance Vesting RSUs on March 5, 2024. They apply to awards granted on or after March 5, 2024.
CBRE said Time Vesting RSUs vest in 1/4 increments on each anniversary of the vesting commencement date over a 4-year vesting period. Core EPS RSUs do not vest if actual Core EPS is below the threshold performance level. At the threshold level, 50% of the target number vests, and up to 200% of the target number vests at the maximum.
CBRE said Relative TSR RSUs are compared with the cumulative TSR of 100 companies, including the 50 companies ranked immediately above the company and the 50 ranked immediately below it by market capitalization, drawn from the S&P 500. Performance at or below the 25th percentile results in 0% vesting, 50th percentile results in 100% vesting, and the 75th percentile or greater results in 175% vesting.
CBRE said the Compensation Committee set March 5, 2024 compensation targets for Robert E. Sulentic, Chair and Chief Executive Officer, including a base salary of $1,350,000, an annual performance award target of $2,700,000 and a total equity award target of $15,450,000.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2024 RSU Program: 3 Award Agreements Approved
CBRE said the Compensation Committee of its Board approved new forms of grant notices and award agreements for Time Vesting RSUs, Core EPS Performance Vesting RSUs and Relative TSR Performance Vesting RSUs on March 5, 2024. They apply to awards granted on or after March 5, 2024.
Source · Based on the filing body and exhibits
Time Vesting RSU and Core EPS Vesting Terms
CBRE said Time Vesting RSUs vest in 1/4 increments on each anniversary of the vesting commencement date over a 4-year vesting period. Core EPS RSUs do not vest if actual Core EPS is below the threshold performance level. At the threshold level, 50% of the target number vests, and up to 200% of the target number vests at the maximum.
Source · Based on the filing body and exhibits
Relative TSR RSU Comparison Group and Vesting Schedule
CBRE said Relative TSR RSUs are compared with the cumulative TSR of 100 companies, including the 50 companies ranked immediately above the company and the 50 ranked immediately below it by market capitalization, drawn from the S&P 500. Performance at or below the 25th percentile results in 0% vesting, 50th percentile results in 100% vesting, and the 75th percentile or greater results in 175% vesting.
Source · Based on the filing body and exhibits
2024 Executive Compensation Targets: CEO
CBRE said the Compensation Committee set March 5, 2024 compensation targets for Robert E. Sulentic, Chair and Chief Executive Officer, including a base salary of $1,350,000, an annual performance award target of $2,700,000 and a total equity award target of $15,450,000.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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