CBRE Group, Inc.'s board of directors adopted the Second Amended and Restated Change in Control and Severance Plan for Senior Management on March 20, 2026, effective the same date, reducing cash severance multiples and equity acceleration periods for Tier I (CEO), Tier II (executive officers), and Tier III participants outside the Change in Control Protection Period. These changes align restrictive covenants with reduced multiples and modify the Good Reason definition.
Key takeaways
Second A&R Plan adopted March 20, 2026, amends prior A&R Plan; adverse modifications delayed until March 20, 2027 for affected participants.
Outside Change in Control Protection Period, Severance Multiple reduced: Tier I (CEO) from 2.0 to 1.5; Tier II (executive officers) from 1.5 to 1.25; Tier III from 1.0 to 0.75.
Within Change in Control Protection Period, Severance Multiple: Tier I 2.0; Tier II 1.5; Tier III 0.75.
Equity Multiple reduced: Tier I from 24 to 18 months; Tier II from 18 to 15 months; Tier III from 12 to 9 months; immediate settlement of accelerated time-based RSUs.
Good Reason modified: removes material adverse change in duties outside CIC period; requires >15% reduction in annual equity grant to trigger.
Restricted period aligned: outside CIC, Tier I 18 months, Tier II 15 months, Tier III 9 months; added non-competition covenant.