On March 20, 2026, CBRE Group, Inc. (the "Company") announced the adoption of its Second Amended and Restated Change in Control and Severance Plan for Senior Management (the "Second A&R Plan"). This plan is designed to provide severance payments and benefits to eligible executives in the event of a qualifying termination of employment, either during or outside a specified Change in Control Protection Period. The Second A&R Plan modifies the previous Amended and Restated Change in Control and Severance Plan, with key changes including adjustments to the severance multiples applicable to different tiers of participants. For instance, the severance multiple for the Chief Executive Officer (Tier I Participant) has been reduced from 2.0 to 1.5 outside the Change in Control Protection Period, while the multiple for Tier II Participants has been adjusted from 1.5 to 1.25. Additionally, the plan stipulates that upon a qualifying termination, participants will receive a lump-sum payment that includes their earned but unpaid base salary and any accrued vacation pay. The plan also outlines the treatment of equity awards upon termination, ensuring that participants are compensated fairly based on their tenure and performance metrics. The changes are aimed at reinforcing the commitment of senior management during potential transitions and ensuring that their focus remains on the best interests of the Company and its shareholders. The Second A&R Plan will take effect immediately, with certain provisions applicable to participants being deferred until March 20, 2027, if they are deemed adverse to the participant's interests.

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