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CBRECBRE Group · Insider ownership research

CBRE Group insiders sold $2.7M in the past 12 months. How much of their stake is that?

About 1.0% overall. As a group they ended with more shares than they started with. The biggest individual seller, Emma Giamartino, sold shares equal to 13% of starting holdings, but more vested, so the stake grew. These figures leave out Brandon Boze, the largest holder (most holdings were last confirmed in 2016).

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 77 of the 311 other companies we can measure (#235 of 312)See ranking
0
buyers among officers and directors, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
3 of 18
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 13, 20262 executives sold 2.5K shares ($367K) under a disclosed trading plan. That is between 0.5% and 2.0% of each person's total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Emma Giamartino
CFO & Chief Investment Officer
2,250$148.292.0%108KAug 13, 2026Aug 14, 2026
Chad Doellinger
Chief Legal & Admin. Officer
228$148.290.5%42KAug 13, 2026Aug 14, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-fifth of the 5-year average. 3 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Aug 14 for a sale on Aug 13. Emma Giamartino sold 2.2K shares ($334K) under a disclosed plan. Filing
49 SEC ownership filings in the period · See the evidence

What stands out

Tax withholding outweighed market sales: the company withheld $11.8M of officers' and directors' shares for taxes, against $2.7M sold on the open market. The largest was Robert Sulentic ($7.5M withheld).Largest withholding, Mar 10, 2026
Three officers sold shares but ended with larger stakes, because more shares came in than were sold: Emma Giamartino (sold 14K, 13% of starting holdings; 33K added), Vikramaditya Kohli (sold 3.7K, 3.3% of starting holdings; 37K added) and Chad Doellinger (sold 922, 3.3% of starting holdings; 16K added).Emma Giamartino: largest sale, Feb 26, 2026 · Vikramaditya Kohli: largest sale, Jul 29, 2026 · Chad Doellinger: largest sale, Mar 11, 2026

Percentages cover 16 of 18 officers and directors. Left out: Brandon Boze (most holdings were last confirmed in 2016); Vincent Clancy (held no vested shares at the start). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Emma Giamartino
CFO & Chief Investment Officer
13% · $2.0MDisclosed plan
Vikramaditya Kohli
COO & CEO, Advisory Services
3.3% · $552KDisclosed plan
Chad Doellinger
Chief Legal & Admin. Officer
3.3% · $127KDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNov 2025: $152K under a disclosed planNovDecJanFeb 2026: $1.4M under a disclosed plan$1.4MFebMar 2026: $78K under a disclosed planMarAprMay 2026: $309K under a disclosed planMayJunJul 2026: $400K under a disclosed planJulAug 2026: $367K under a disclosed planAugSepOct

Outside holders, reported separately

Brandon Boze reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the CBRE Group CEO selling stock?

No. Robert Sulentic reported no open-market sales in the past 12 months.

Why are CBRE Group insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any CBRE Group insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did CBRE Group insiders sell?

About 1.0% overall. As a group they ended with more shares than they started with. The biggest individual seller, Emma Giamartino, sold shares equal to 13% of starting holdings, but more vested, so the stake grew. These figures leave out Brandon Boze, the largest holder (most holdings were last confirmed in 2016). That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold3 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Emma Giamartino
CFO & Chief Investment Officer
$2.0M
14K shares
13%Disclosed plan
Vikramaditya Kohli
COO & CEO, Advisory Services
$552K
3.7K shares
3.3%Disclosed plan
Chad Doellinger
Chief Legal & Admin. Officer
$127K
922 shares
3.3%Disclosed plan

Board members representing outside shareholders, reported separately: Brandon Boze. Details

The full ownership picture18 of 18 insiders fully reconciled · 18 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Robert Sulentic
i
Includes unvested RSUs, amount not disclosed.
Chair & CEO, Director
1.29M01.34Mno sales
Vesting, gifts, unvested awards and holding lines for Robert Sulentic
0shares vested or exercised
−13Kgifted (net of own trusts)
−53Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock1,286,5171,344,782
Vikramaditya Kohli
i
Includes unvested RSUs, amount not disclosed.
COO & CEO, Advisory Services
111K−3.7K135K+21%
Vesting, gifts, unvested awards and holding lines for Vikramaditya Kohli
0shares vested or exercised
0gifted (net of own trusts)
−10Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock111,473134,869
Emma Giamartino
i
Includes unvested RSUs, amount not disclosed.
CFO & Chief Investment Officer
103K−14K108K+4.9%
Vesting, gifts, unvested awards and holding lines for Emma Giamartino
0shares vested or exercised
−160gifted (net of own trusts)
−14Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock103,371108,479
Andrew Glanzman
i
Started reporting during the period; starting holdings are from the Form 3.
CEO, Real Estate Investments
50K056Kno sales
Vesting, gifts, unvested awards and holding lines for Andrew Glanzman
0shares vested or exercised
0gifted (net of own trusts)
−3.7Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock49,58656,471
Lindsey Caplan
i
Includes unvested RSUs, amount not disclosed.
Chief Accounting Officer
47K047Kno sales
Vesting, gifts, unvested awards and holding lines for Lindsey Caplan
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock19,13119,131
Spouse
includes unvested RSUs, amount not disclosed
Class A Common Stock26,71726,717
Spouse, By 401(k) PlanClass A Common Stock865865
401(k) PlanClass A Common Stock763763
Gerardo Lopez
Director
46K048Kno sales
Vesting, gifts, unvested awards and holding lines for Gerardo Lopez
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock45,63047,537
Yajnik Sanjiv
Director
30K033Kno sales
Vesting, gifts, unvested awards and holding lines for Yajnik Sanjiv
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0683,433
Sanjiv Yajnik Revocable TrustClass A Common Stock27,51929,587
Beth Cobert
Director
28K030Kno sales
Vesting, gifts, unvested awards and holding lines for Beth Cobert
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0681,907
Cioth/Cobert Family Trust U/D/T dated June 5, 1996Class A Common Stock26,19928,267
Chad Doellinger
i
Includes unvested RSUs, amount not disclosed.
Chief Legal & Admin. Officer
28K−92242K+50%
Vesting, gifts, unvested awards and holding lines for Chad Doellinger
0shares vested or exercised
0gifted (net of own trusts)
−1.4Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock27,81241,778
Shira Goodman
Director
22K024Kno sales
Vesting, gifts, unvested awards and holding lines for Shira Goodman
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0681,907
Shira D. Goodman 2014 Family Trust DTD 3/5/2014Class A Common Stock20,13022,198
Reginald Gilyard
Director
22K024Kno sales
Vesting, gifts, unvested awards and holding lines for Reginald Gilyard
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0681,907
Gilyard Family Trust UDT 3/27/15Class A Common Stock19,82321,891
Jamie Hodari
i
Includes unvested RSUs, amount not disclosed.
CEO, Boe & Cco
11K042Kno sales
Vesting, gifts, unvested awards and holding lines for Jamie Hodari
0shares vested or exercised
0gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock10,95142,316
Andrew Horn
i
Includes unvested RSUs, amount not disclosed.
Deputy Chief Financial Officer
9.4K012Kno sales
Vesting, gifts, unvested awards and holding lines for Andrew Horn
0shares vested or exercised
0gifted (net of own trusts)
−773withheld by the company for taxes
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock9,38812,414
Brandon Boze
!
Most of this insider's holdings were last confirmed in 2016. Confirmed in the last three years: 10,188 shares. Not confirmed since: 41,173,250 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
7.4K010Ksee note
Vesting, gifts, unvested awards and holding lines for Brandon Boze
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through See Footntoes; the director disclaims ownership beyond their own interest.
  • Shares held through See foonotes, ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock7,44210,188

Additional holdings last reported Nov 8, 2016, not confirmed since: 41,173,250 shares. Not included in any total or percentage on this page.

Guy Metcalfe
Director
6.6K08.5Kno sales
Vesting, gifts, unvested awards and holding lines for Guy Metcalfe
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock6,6118,518
Anuj Kadyan
i
Started reporting during the period; starting holdings are from the Form 3.
Chief Tech. & Transf. Officer
6.4K06.4Kno sales
Vesting, gifts, unvested awards and holding lines for Anuj Kadyan
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Started reporting during the period; starting holdings are from the Form 3.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock6,4026,402
Gunjan Soni
Director
4K05.9Kno sales
Vesting, gifts, unvested awards and holding lines for Gunjan Soni
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock4,0225,929
Vincent Clancy
i
Includes unvested RSUs, amount not disclosed.
Director
0042Kno sales
Vesting, gifts, unvested awards and holding lines for Vincent Clancy
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Includes unvested RSUs, amount not disclosed.
Held throughShare classOct 8, 2025Oct 8, 2026
Direct
includes unvested RSUs, amount not disclosed
Class A Common Stock041,927

18 of 18 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (18 exactly, 0 with a minor or footnoted difference). Percentages cover 16 of 18 officers and directors. Left out: Brandon Boze (most holdings were last confirmed in 2016); Vincent Clancy (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$2.7M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $2.7M across 18,311 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Taxes

85,095 shares ($11.8M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Emma Giamartino
CFO & Chief Investment Officer
14K$2.0M100%75%Feb 26, 2026 to Aug 13, 2026
Vikramaditya Kohli
COO & CEO, Advisory Services
3.7K$552K100%21%Nov 10, 2025 to Jul 29, 2026
Chad Doellinger
Chief Legal & Admin. Officer
922$127K100%5%Mar 11, 2026 to Aug 13, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$152K$152K$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$1.4M$1.4M$0$0
Mar 2026$78K$78K$0$0
Apr 2026$0$0$0$0
May 2026$309K$309K$0$0
Jun 2026$0$0$0$0
Jul 2026$400K$400K$0$0
Aug 2026$367K$367K$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Brandon Boze
!
Most of this insider's holdings were last confirmed in 2023. Confirmed in the last three years: 0 shares. Not confirmed since: 36,540,866 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
000see note
Vesting, gifts, unvested awards and holding lines for Brandon Boze
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Additional holdings last reported Aug 29, 2023, not confirmed since: 36,540,866 shares. Not included in any total or percentage on this page.

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 3 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
18K3$2.7M
Oct 8, 2025
1 year earlier
36K6$5.0M
Oct 8, 2024
2 years earlier
104K7$10.1M
Oct 9, 2023
3 years earlier
20K3$1.6M
Oct 9, 2022
4 years earlier
117K6$10.7M
Oct 9, 2021
5 years earlier
164K7$14.2M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred rename: "(6)" is treated as the same holder as "(3)", because the old name was never reported again and the new one opened with the same balance (64,904,805 shares). Old name, new name

Inferred rename: "(7)" is treated as the same holder as "(4)", because the old name was never reported again and the new one opened with the same balance (1,338,234 shares). Old name, new name

Inferred rename: "Gilyard Family Trust UTD 3/27/2015" is treated as the same holder as "Gilyard Family Trust UDT 3/27/15", because the old name was never reported again and the new one opened with the same balance (6,521 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,463 filings from SEC EDGAR, and how we read them

All 1,463 Forms 3, 4 and 5 filed for CBRE Group (SEC CIK 1138118) from Jul 30, 2001 to Aug 14, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 9 filings were left out because CBRE Group filed them as an owner of another company's stock. 7 older filings exist only on paper and could not be read.

Probable 3-for-1 stock split on or before Jun 1, 2006 (split date stated in a footnote). Splits aren't reported as transactions; 17 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (45)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Daniel QueenanDec 4, 2024207,094 shares, last reported balance as of Dec 2, 2024
Christopher JennyNov 14, 202442,800 shares, last reported balance as of Nov 12, 2024
Oscar MunozAug 30, 202413,470 shares, last reported balance as of Aug 29, 2024
Robert YoungAug 2, 202416,827 shares, last reported balance as of Aug 1, 2024
Edward HutchesonMay 24, 20248,096 shares, last reported balance as of May 22, 2024
John DurburgMar 27, 2024217,379 shares, last reported balance as of Mar 25, 2024
Chandra DhandapaniMar 27, 2024141,283 shares, last reported balance as of Mar 25, 2024
Susan MeaneyMay 19, 20236,167 shares, last reported balance as of May 17, 2023
Laurence MidlerMar 14, 2023142,487 shares, last reported balance as of Mar 10, 2023
Christopher KirkFeb 14, 2023173,708 shares, last reported balance as of Feb 10, 2023
Michael LafitteMar 7, 2022328,752 shares, last reported balance as of Mar 3, 2022
Madeleine BarberMar 7, 202257,061 shares, last reported balance as of Mar 3, 2022
Raymond WirtaMay 21, 20211,046,272 shares, last reported balance as of May 14, 2021
Curtis FeenyMay 21, 202144,922 shares, last reported balance as of May 14, 2021
Laura TysonMay 21, 202144,959 shares, last reported balance as of May 19, 2021
Leah StearnsMay 18, 2021112,244 shares, last reported balance as of May 15, 2021
Dara BazzanoApr 14, 202028,622 shares, last reported balance as of Apr 10, 2020
James GrochJan 3, 2020469,514 shares, last reported balance as of Dec 31, 2019
William ConcannonJan 3, 2020265,161 shares, last reported balance as of Dec 31, 2019
Calvin Frese Jr.Aug 16, 2018247,453 shares, last reported balance as of Aug 14, 2018
Ritson FergusonAug 14, 2018122,110 shares, last reported balance as of Aug 11, 2018
Paula ReynoldsMay 22, 201815,902 shares, last reported balance as of May 18, 2018
Frederic MalekMar 14, 2018334,737 shares, last reported balance as of Mar 13, 2018
Arlin GaffnerMar 6, 201840,569 shares, last reported balance as of Mar 3, 2018
Bradford FreemanFeb 28, 2018120,911 shares, last reported balance as of Feb 26, 2018
Bradford FreemanFeb 28, 20184,639,170 shares, last reported balance as of Mar 7, 2005
Gil BorokNov 17, 201745,872 shares, last reported balance as of Nov 17, 2017
Richard BlumMay 13, 2016227,573,422 shares, last reported balance as of May 11, 2016
Michael KantorMay 12, 201655,468 shares, last reported balance as of May 10, 2016
Gary WilsonMay 12, 2016195,430 shares, last reported balance as of May 10, 2016
Rob BlainFeb 12, 2016320,640 shares, last reported balance as of Feb 10, 2016
Matthew KhourieFeb 12, 2016343,468 shares, last reported balance as of Feb 10, 2016
Michael StrongSep 14, 2015106,417 shares, last reported balance as of Sep 10, 2015
Jane SuOct 16, 20131,495 shares, last reported balance as of Aug 14, 2013
Brett WhiteDec 4, 2012307,042 shares, last reported balance as of Dec 3, 2012
BLUM CAPITAL PARTNERS LPAug 10, 2010119,043,836 shares, last reported balance as of Aug 6, 2010
Patrice DanielsJun 4, 200918,701 shares, last reported balance as of Jun 2, 2009
Kenneth KayJan 5, 200911,396 shares, last reported balance as of Nov 30, 2008
Thomas DaschleJan 5, 20092,617 shares, last reported balance as of Dec 2, 2008
John NugentMar 21, 2007No balance on record
Jeffrey CozadJun 14, 20067,355 shares, last reported balance as of Jun 13, 2006
Jeffrey PionMay 27, 2005No balance on record
Alan FroggattFeb 22, 2005No balance on record
FS EQUITY PARTNERS III LPDec 15, 20048,516,997 shares, last reported balance as of Dec 13, 2004
FS EQUITY PARTNERS INTERNATIONAL L PDec 15, 2004322,173 shares, last reported balance as of Dec 13, 2004