The company said its board adopted the Second Amended and Restated Change in Control and Severance Plan for Senior Management, effective on March 20, 2026. Changes adverse to a participant apply to that participant from March 20, 2027.

1. 01

   The company said its board adopted the Second Amended and Restated Change in Control and Severance Plan for Senior Management, effective on March 20, 2026. Changes adverse to a participant apply to that participant from March 20, 2027.

2. 02

   CBRE said it reduced the Severance Multiple outside the Change in Control Protection Period to 1.5 from 2.0 for the Tier I participant, its chief executive officer, to 1.25 from 1.5 for Tier II, and to 0.75 from 1.0 for Tier III. Within the Change in Control Protection Period, the multiples are 2.0, 1.5 and 0.75, respectively.

3. 03

   The company said it reduced the Equity Multiple for time-based equity awards on a Qualifying Termination to 18 months from 24 months for Tier I, to 15 months from 18 months for Tier II, and to 9 months from 12 months for Tier III. It also said time-based restricted stock units with accelerated vesting settle immediately.

4. 04

   CBRE said it removed the Good Reason trigger for a material adverse change to duties or responsibilities outside the Change in Control Protection Period and clarified that a reduction in annual equity grant must exceed 15% to qualify. It also said it adjusted the restricted periods and added a non-competition covenant.

Analysis 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.

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.