DEF 14A of Cbre Group, Inc., Apr 3, 2026

DEF 14A of Cbre Group, Inc.

Filed Apr 3, 2026 · FY20250001193125-26-141285

Open on EDGAR

  1. Chad J. Doellinger

    Chad J. Doellinger Chief Legal & Administrative Officer and Corporate Secretary This Proxy Statement and accompanying proxy card are first being made available on or about April 3, 2026. References in this Proxy Statement to “CBRE,” “the company,” “we,” “us,” or “our” refer to CBRE Group, Inc. and include all of its consolidated subsidiaries, unless otherwise indicated or the context requires otherwise. References to “the Board” refer to our Board of Directors. A copy of our Annual Report for the fiscal year ended December 31, 2025, including financial statements, is being sent simultaneously with this Proxy Statement to each stockholder who requested paper copies of these materials and will also be available at www.proxyvote.com.

  2. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 1 |

  3. Chad J. Doellinger

    Proxy Summary

  4. Chad J. Doellinger

    | To help you review the proposals to be voted upon at our 2026 Annual Meeting, we have summarized important information in this Proxy Statement and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This summary does not contain all of the information that you should consider, and you should carefully read the entire Proxy Statement and Annual Report on Form 10-K before voting. |

  5. Chad J. Doellinger

    | Voting Stockholders of record as of March 23, 2026 may cast their votes in any of the following ways: | | | | | | | | | | Online Visit www.proxyvote.com. You will need the 16-digit number included in your proxy card, voter instruction form, or notice. | Phone Call 1-800-690-6903 or the number on your voter instruction form. You will need the 16-digit number included in your proxy card, voter instruction form, or notice. | Mail Send your completed and signed proxy card or voter instruction form to the address on your proxy card or voter instruction form. | Via Webcast During the Annual Meeting Visit www.virtualshareholdermeeting.com/CBRE2026. You will need the 16-digit number included in your proxy card, voter instruction form, or notice. Online access begins at 10:45 a.m. (Central Time). |

  6. Chad J. Doellinger

    Voting Matters and Board Recommendation

  7. Chad J. Doellinger

    | Proposals | Board recommendation | | Page reference | | 1. Elect Directors | | FOR each nominee | 21 | | 2. Ratify the Appointment of Independent Registered Public Accounting Firm for 2026 | | FOR | 35 | | 3. Advisory Vote to Approve Named Executive Officer Compensation for 2025 | | FOR | 38 | | 4. If Properly Presented, Consider a Stockholder Proposal Regarding Special Stockholder Meetings | | AGAINST | 91 |

  8. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 2 |

  9. Chad J. Doellinger

    Corporate Governance Highlights We are committed to good corporate governance, which promotes the long-term interests of stockholders, strengthens Board and management accountability, and helps build public trust in our company. Our governance practices include: • Robust director selection process resulting in a diverse Board in terms of professional experience, skills, tenure, gender, race, ethnicity, geography, and age • Strong lead independent director, elected by independent directors • 8 out of 10 of our director nominees are independent • No “overboarding” by our directors on other public-company boards • Regular executive sessions, where independent directors meet without management present • Annual Board, committee, and individual director evaluations and self-assessments • Active Board oversight of strategy, risk management, sustainability, social responsibility, and governance matters • Annual election of directors • Majority voting standard for uncontested elections • Proxy access rights for director nominations • Stock ownership requirements for directors and executive officers • Policy restricting trading and prohibiting hedging, short-selling, and pledging of CBRE stock • Ongoing stockholder outreach and engagement • Stockholder rights to call a special meeting • No poison pill takeover defense plans Our Board Nominees Our Board nominees exhibit a mix of skills, experience, and perspectives:

  10. Chad J. Doellinger

    | | Name | Age | Director Since | Principal Occupation | Independent | Committees | Other Public Company Boards | | | Brandon B. Boze | 45 | 2012 | Managing Principal of Bridges Capital LLC | ● | – Audit – Finance and Investment | 0 | | | Vincent Clancy | 61 | 2025 | Board Chair and Chief Executive Officer of Turner & Townsend | | | 0 | | | Beth F. Cobert | 67 | 2017 | President, Affiliates and Strategic Partnerships of Strada Education Foundation | ● | – Audit – Corporate Governance and Nominating | 0 | | | Reginald H. Gilyard | 62 | 2018 | Senior Advisor to The Boston Consulting Group | ● | – Compensation (Chair) | 3 | | | Shira D. Goodman | 65 | 2019 | Executive Coach | ● | – Compensation – Finance and Investment | 2 | | | Gerardo I. Lopez | 66 | 2015 | Former President & CEO at AMC Entertainment Holdings and at Extended Stay America Hotels | ● | – Audit (Chair) – Corporate Governance and Nominating | 3 | | | Guy A. Metcalfe | 58 | 2024 | Former Managing Director and Global Chairman of Real Estate at Morgan Stanley | ● | – Finance and Investment (Chair) – Compensation | 2 | | | Gunjan Soni | 46 | 2024 | Country Managing Director of YouTube India | ● | – Audit | 0 | | | Robert E. Sulentic Board Chair | 69 | 2012 | Chair, President, and Chief Executive Officer of CBRE | | | 0 | | | Sanjiv Yajnik Lead Independent Director | 69 | 2017 | President of Capital One Financial Services | ● | – Corporate Governance and Nominating (Chair) | 0 |

  11. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 3 |

  12. Chad J. Doellinger

    Awards & Recognition In 2025 and early 2026, we were recognized with the following awards and accolades:

  13. Chad J. Doellinger

    | MOST ADMIRED REAL ESTATE COMPANY Fortune’s most admired real estate company 2026 | BEST CORPORATE CITIZENS Recognized by 3BL Media as among 100 best corporate citizens, seven years in a row | WORLD’S MOST ETHICAL COMPANY Ethisphere Institute, 13 consecutive years, including 2026 | | BEST USE OF AI, INTELLIGENT BUILDINGS Realcomm Digie Award for 2025 | MOST RECOGNIZED COMMERCIAL REAL ESTATE BRAND Lipsey Company Survey, 25th consecutive year, including 2026 | BEST MANAGED COMPANIES Ranked #55 out of 668 companies by The Wall Street Journal | | MOST SUSTAINABLE U.S. COMPANIES Ranked #11 by Barron’s out of 1,000 companies in 2025, eight consecutive years in top 100 | ECOVADIS Achieved silver recognition by ranking in the 94th percentile | CLIMATE CHANGE DISCLOSURE LEADER A- performance score by CDP, considered the global standard of environmental reporting | | 2025 NET ZERO LEADERS Ranked on Forbes list three years in a row | FTSE4GOOD 15 consecutive years | TOP 50 EMPLOYER FOR WOMEN Ranked by LATINA Style | | DISABILITY EQUALITY INDEX Recognized as a Best Place to Work for Disability Inclusion, five years in a row | MILITARY FRIENDLY Named a Military and Military Spouse Friendly Employer in 2025 and achieved silver status | BEST PLACES TO WORK Ranked by Glassdoor in the top 100 out of 3.9 million companies |

  14. Chad J. Doellinger

    Our Corporate Strategy We aspire to be the leading, at scale, global commercial real estate services and investment firm, defined by the superior outcomes we deliver for our constituents. The key elements of our strategy to deliver on our aspiration are: • Having a broad and deep presence across clients, service lines, asset types, and geography. • Delivering strong organic and inorganic growth perpetuating the benefits of scale. • Offering high-quality products that are integrated to deliver superior client solutions. • Moving resources into resilient and secularly favored areas across the four dimensions of our business. Maintaining a powerful functional, knowledge and digital platform.

  15. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 4 |

  16. Chad J. Doellinger

    2025 Business Highlights

  17. Chad J. Doellinger

    | Revenue | GAAP Net Income | GAAP EPS | | $40.6B | $1.2B | $3.85 | | +13.4% | +19.5% | +22.6% | | Core EBITDA (1) | Core EPS (1) | | | $3.3B | $6.38 | | | +22.3% | +25.1% | | | 1-Year Total Stockholder Return (2) (as of 12/31/2025) | 3-Year Total Stockholder Return (2) (as of 12/31/2025) | 5-Year Total Stockholder Return (2) (as of 12/31/2025) | | 22% | 109% | 156% | | vs. 18% for S&P 500 (+5% outperformance) | vs. 86% for S&P 500 (+23% outperformance) | vs. 96% for S&P 500 (+60% outperformance) |

  18. Chad J. Doellinger

    (1) These are non-GAAP financial measures. For definitions and more information, see Annex A of this Proxy Statement. Our Board and management use these non-GAAP financial measures to evaluate our performance and manage our operations. However, non-GAAP financial measures should be viewed in addition to, and not as an alternative for, financial results prepared in accordance with GAAP. The term “GAAP,” as used in this Proxy Statement, means generally accepted accounting principles in the United States. (2) Inclusive of dividends, assuming reinvestment. Company Performance and Financial Highlights Our pay-for-performance approach aligns management and stockholder interests. The operating environment improved considerably in 2025. This is reflected in markedly increased property sales and leasing activity, broader capital availability, and strengthening market fundamentals. Furthermore, rising investor sentiment as well as large occupiers’ continued strong appetite for outsourcing services drove significant momentum across our platform. Overall, revenue increased 13.4% in our resilient businesses (which include facilities management, project management, property management, loan servicing, other portfolio services, recurring investment management fees, and valuations), and 13.6% in our transactional businesses (which include property sales, leasing, mortgage origination, carried interest and incentive fees in our investment management business, and development fees). In addition, Core EBITDA rose 22.3% while Core EPS increased 25.1%, compared to full year 2024. We deployed approximately $2.7 billion of capital in 2025. This included approximately $1.2 billion to acquire Pearce Services, a leading provider of advanced technical services for digital and power infrastructure, and approximately $468 million to acquire the remaining 60% equity interest in Industrious, a leading flexible workplace solutions and workplace experience company. We also deployed $956 million to repurchase 7,052,481 shares of our common stock. Even with this substantial capital deployment, we ended 2025 with 1.2x net leverage, giving us substantial liquidity to finance future growth.

  19. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 5 |

  20. Chad J. Doellinger

    (1) $100 invested on December 31, 2020 in stock or index-including reinvestment of dividends, fiscal year ending December 31. (2) Copyright© 2026 Standard & Poor’s, a division of S&P Global. All rights reserved. (3) Peer group contains companies with the following ticker symbols: CIGI, CWK, ISS, JLL, MMI, NMRK, SVS.L (London), and WD. Executive Compensation Highlights Our Pay-for-Performance Compensation Philosophy Our executive compensation program is designed to: • Align pay and performance; • Reinforce our corporate strategy; • Attract and retain accomplished and high-performing executives; and Motivate those executives to consistently achieve short- and long-term goals to further our corporate strategy. To do this, we focus a significant percentage of our executive officers’ compensation on both annual and long-term incentive awards intended to drive growth in our business and in our share price in the short- and long-term, with a relatively modest portion of compensation paid in fixed base salary.

  21. Chad J. Doellinger

    | CBRE 2026 PROXY STATEMENT | PROXY SUMMARY | 6 |

  22. Chad J. Doellinger

    2025 Total Target Direct Compensation Mix The total 2025 target direct compensation mix for our CEO is shown here:

  23. CEO Target Compensation Mix

    CEO Target Compensation Mix 2025 Performance and NEO Compensation An improved operating environment supported strong growth for CBRE in 2025. Overall, revenue increased 13.4%. This included 13.4% revenue growth in our resilient businesses (which include facilities management, project management, property management, loan servicing, other portfolio services, recurring investment management fees, and valuations), and 13.6% revenue growth in our transactional businesses (which include property sales, leasing, mortgage origination, carried interest and incentive fees in our investment management business, and development fees). Core EBITDA rose 22.3%, while Core EPS increased 25.1%, compared to full year 2024. This resulted in above target payouts for our named executive officers with respect to their cash bonuses and 2025 Core EPS awards. As part of the annual target compensation review, the Compensation Committee approved higher total annual compensation targets for each named executive officer except Mr. Hodari, who joined the company in January 2025. The compensation increases for Ms. Giamartino and Messrs. Sulentic and Kohli were delivered solely through equity awards, while Mr. Doellinger’s increase included adjustments to his base salary and bonus in addition to his equity award. All of these adjustments were implemented to keep our executive compensation competitive in the marketplace and to acknowledge the substantial accomplishments and contributions of each named executive officer in enhancing long-term shareholder value. Furthermore, the annual equity award structure was updated to further prioritize performance. Under this revised structure, both our CEO and other named executive officers now receive one-third of their target annual long-term equity award as time-based RSUs, with the remaining two-thirds granted as performance-based RSUs.

  24. 2025 NEO Total Annual Compensation

    | Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Non-Equity Incentive Plan Compensation ($) | All Other Compensation ($) | Total ($) | | Robert E. Sulentic | | | | | | | | | Chair, President, and Chief | | | | | | | | | Executive Officer | 2025 | 1,350,000 | — | 19,023,324 | 3,638,824 | 312,891 | 24,325,039 | | Emma E. Giamartino | | | | | | | | | Chief Financial Officer and Chief Investment Officer | 2025 | 775,000 | — | 5,102,505 | 1,476,347 | 38,578 | 7,392,430 | | Vikram Kohli | | | | | | | | | Chief Operating Officer and | | | | | | | | | Chief Executive Officer, Advisory Services | 2025 | 850,000 | 1,450,000 | 5,696,094 | 1,684,019 | 38,898 | 9,719,011 | | Jamie Hodari | | | | | | | | | Chief Executive Officer, Building Operations & Experience and Chief Commercial Officer | | | | | | | | | | 2025 | 669,231 | — | 4,954,560 | 1,307,509 | 38,578 | 6,969,878 | | Chad J. Doellinger | | | | | | | | | Chief Legal & Administrative | | | | | | | | | Officer and Corporate Secretary | 2025 | 672,692 | — | 2,278,438 | 1,463,620 | 46,769 | 4,461,519 |

  25. Forward-Looking Statements

    | Corporate Governance | 10 | | Governance Highlights | 10 | | Stock Ownership Requirements | 12 | | Board Structure and Leadership | 13 | | Director Independence | 13 | | Board Meetings and Committees | 14 | | Board Committees | 15 | | Compensation Committee Interlocks and Insider Participation | 16 | | Selected Areas of Board Oversight | 17 | | Culture | 18 | | Sustainability | 19 | | Stockholder Engagement | 20 | | Communications with our Board | 20 | | Proposal 1: Elect Directors | 21 | | Director Nomination Criteria | 21 | | Director Independence | 21 | | Director Service on Other Public Company Boards | 21 | | Director Resignation Policy Upon Change of Employment | 22 | | Majority Voting to Elect Directors | 22 | | Director Nomination Process | 23 | | Director Nominee Skills and Experience Matrix | 24 | | Our 2026 Director Nominees | 26 | | Director Compensation | 32 | | Proposal 2: Ratify Appointment of | 35 | | Independent Registered Public | | | Accounting Firm | | | Audit and Other Fees | 36 | | Audit Committee Pre-Approval Process | 36 | | Audit Committee Report | 36 | | Proposal 3: Advisory Vote on Executive Compensation | 38 |

  26. Independent Director Meetings

    Independent Director Meetings Our non-management directors meet in executive session without management present each time the full Board convenes for a regularly scheduled meeting. If our Board convenes for a special meeting, the non-management directors will meet in executive session if circumstances warrant. The lead independent director of our Board presides over executive sessions of non-management directors.

  27. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — Board Meetings and Committees | 15 |

  28. Independent Director Meetings

    Board Committees

  29. Independent Director Meetings

    | Audit Committee | Chair: Gerardo I. Lopez* | Members: Brandon B. Boze* Beth F. Cobert Gunjan Soni* |

  30. Independent Director Meetings

    The Audit Committee provides oversight of our accounting and financial reporting and disclosure processes, the adequacy of the systems of disclosure and internal control established by management, our compliance with legal and regulatory requirements, and the audit of our financial statements. THE AUDIT COMMITTEE ALSO: • Retains, compensates, oversees, and terminates the independent auditor and evaluates its qualifications, independence and performance; • Pre-approves all audit and any non-audit services performed by the independent auditor; • Reviews the results of the independent audit and internal audits as well as reports from our Chief Financial Officer and Chief Investment Officer, our Deputy Chief Financial Officer, our Chief Risk, Ethics & Compliance Officer, our Head of Global Audit, our Chief Information Security Officer, our Chief Knowledge Officer, our General Counsel, and our Chief Legal & Administrative Officer; • Reviews the independent auditor’s report describing our internal quality-control procedures and any material issues raised by the most recent internal quality-control review or any inquiry by governmental authorities; • In consultation with the independent auditor, management and internal auditors, reviews the integrity of our internal and external financial reporting processes; • Reviews financial statements and earnings releases and guidance provided to analysts and rating agencies; • Reviews the Chief Risk, Ethics & Compliance Officer’s report on the effectiveness of our compliance with applicable ethical, legal, and regulatory requirements; • Reviews our cybersecurity readiness and other policies and procedures related to data governance; • Establishes procedures to handle complaints regarding accounting, internal controls, or auditing matters; and • Oversees the company’s major financial, cybersecurity, and information technology risk exposures. All members of the Audit Committee are “financially literate” under NYSE listing standards. * These three directors meet the SEC’s qualifications for an “audit committee financial expert.” All members of the Audit Committee are independent within the meaning of SEC regulations, NYSE listing standards and our Board’s Corporate Governance Guidelines, in each case, as such regulations, standards and guidelines apply to audit committee members.

  31. Independent Director Meetings

    | Compensation Committee | Chair: Reginald H. Gilyard | Members: Shira D. Goodman Guy A. Metcalfe |

  32. Independent Director Meetings

    The Compensation Committee oversees the development and administration of our executive compensation policies, plans, and programs, including reviewing and approving compensation of our executive officers and any compensation contracts or arrangements with our executive officers. THE COMPENSATION COMMITTEE ALSO: • Reviews the performance of our executive officers, including our CEO; • Retains its independent compensation consultant, Frederic W. Cook & Co., Inc. (FW Cook). FW Cook reports directly to the Compensation Committee, attends meetings, and provides advice to the Compensation Committee; and • Considers the results of annual stockholder advisory votes on the compensation of our named executive officers in connection with the discharge of its responsibilities.

  33. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — Board Meetings and Committees | 16 |

  34. Independent Director Meetings

    Each Compensation Committee member qualifies as a “non-employee director” for purposes of the Securities Exchange Act of 1934, as amended (the Exchange Act). All members of the Compensation Committee are independent within the meaning of SEC regulations, NYSE listing standards and our Board’s Corporate Governance Guidelines, in each case, as such regulations, standards and guidelines apply to compensation committee members.

  35. Independent Director Meetings

    | Corporate Governance and Nominating Committee | Chair: Sanjiv Yajnik | Members: Beth F. Cobert Gerardo I. Lopez |

  36. Independent Director Meetings

    The Corporate Governance and Nominating Committee oversees our Board’s corporate governance procedures and practices, including: • Developing and recommending to our Board a set of corporate governance principles, including nomination criteria and independence standards; • Recommendations of individuals for service on our Board; • Recommendations to our Board regarding the size, composition, structure, operations, performance, and effectiveness of the Board; • Conducting a periodic review of director compensation; • Considering feedback obtained from stockholder outreach; and • Overseeing annual Board, committee, and individual director evaluations and self-assessments. All members of the Corporate Governance and Nominating Committee are “independent” within the meaning of SEC regulations and NYSE listing standards.

  37. Independent Director Meetings

    | Finance and Investment Committee | Chair: Guy A. Metcalfe | Members: Brandon B. Boze Shira D. Goodman |

  38. Independent Director Meetings

    The Finance and Investment Committee implements policy decisions of our Board and is authorized to act on our Board’s behalf between meetings of our Board, including by approving certain transactions within dollar thresholds established by our Board. The Finance and Investment Committee also engages in the periodic review of our balance sheet management, borrowings, and capital markets activities. Such matters subject to the Finance and Investment Committee's review includes proposed major borrowings, issuance of equity or debt securities, updates to the company's capital allocation strategy, strategic transactions, and the company’s annual budget. Compensation Committee Interlocks and Insider Participation None of Ms. Goodman, or Messrs. Gilyard or Metcalfe (all current members of the Compensation Committee) has ever been an officer or employee of the company or any of its subsidiaries. In addition, during 2025, none of our directors were employed as an executive officer of another entity where any of our executive officers served on that entity’s board of directors or compensation committee (or its equivalent).

  39. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — SELECTED AREAS OF BOARD OVERSIGHT | 17 |

  40. Independent Director Meetings

    Selected Areas of Board Oversight Oversight of Risk Management

  41. Independent Director Meetings

    | The Board oversees risk management. | Full Board Our Board regularly reviews information regarding our most significant strategic, operational, financial and compliance risks and is responsible for ensuring that the company has crisis management and business continuity plans in place to deal with potential crises. Our Board maintains direct oversight over our enterprise risk management process rather than delegating this function to a Board or management committee. Although each committee is responsible for evaluating certain risks and overseeing the management of such risks, the entire Board is regularly informed through committee chair reports about such risks. These committee chair reports are presented at every regularly scheduled Board meeting. | | | | | | | Company management is charged with managing risk through rigorous risk mitigation activities and strong internal controls. | Management Our Executive Risk Committee (ERC) is chaired by the Vice President, Enterprise Risk Management and consists of executive business leadership, risk stewards, and applicable functional advisors. The ERC is responsible for providing advice and guidance to the Enterprise Risk Management (ERM) team on the top risks facing CBRE. After this identification and assessment process, each of our top risks is assigned to a risk owner, who is then charged with developing mitigation action plans which are then presented to the ERC. The ERC promotes a strong risk culture, reviews key risk issues and emerging threats, and monitors the progress of the ERM program. It facilitates cross-functional collaboration, escalates significant risks to executive leadership and the Board, and ensures that risk management is integrated into strategy development and execution. The ERC meets regularly to review risk assessment outcomes, advise on ERM program topics, and allocate resources as necessary. Annually, our Chief Risk, Ethics & Compliance Officer provides a detailed presentation on significant risks to the Board. | | | | | | | Board committees, which meet regularly and report back to the full Board, play significant roles in carrying out our Board’s risk oversight function. | The Audit Committee oversees management of risks related to our financial reports and record-keeping and potential conflicts of interest. It also oversees our risk assessment and risk management processes more generally including major business, financial, information technology risks (including cybersecurity and data security risks), legal, and reputational risk exposures, as well as risks related to crisis management and business continuity. The Audit Committee receives regular reports from our Chief Financial Officer and Chief Investment Officer, our Deputy Chief Financial Officer, our Chief Risk, Ethics & Compliance Officer, our Head of Global Audit, our Chief Information Security Officer, our Chief Knowledge Officer, our General Counsel, as well as updates from our Chief Legal & Administrative Officer on any developments affecting our overall risk profile and on issues of non-compliance and incident management. | | | | The Compensation Committee is responsible for overseeing the management of risks relating to our compensation plans and arrangements. For additional information regarding the Compensation Committee’s assessment of our compensation-related risks, please see “Compensation Discussion and Analysis—Section 3. How We Make Compensation Decisions—Compensation Risk Assessment.” | The Governance Committee manages risks associated with corporate governance practices, investor engagement, Board independence, and the composition of our Board and its committees. |

  42. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — CULTURE | 18 |

  43. Independent Director Meetings

    Oversight of Strategy Our Board is responsible for providing governance and oversight over the strategy, operations, and management of our company. Each quarter, our Board and management devote a substantial amount of time in strategy-focused meetings discussing strategic issues that are most important to the company. At each regular Board meeting, our Board receives business and strategy updates from leaders across the company and reviews our operating plans and overall financial performance, and provides significant guidance and feedback. Annually, our Board reviews and approves our capital allocation and spending budgets, which are designed to strategically deploy capital intended to facilitate investments required to achieve operational excellence. Oversight of Sustainability, Social, and Artificial Intelligence Risks Our Board oversees our strategic planning and risk management policies and procedures related to sustainability, social, and artificial intelligence risks. Our Board has made a deliberate decision to retain governance for these matters at the Board level rather than delegating to a committee because it believes that these matters are integral to the company’s future success. The Board receives periodic reports from management and participates in ongoing discussions regarding these matters. Our Board also receives annual updates on how these risks are being addressed, mitigated, and managed across the company. Oversight of Succession Planning Our Board reviews management succession and development plans with the CEO on at least an annual basis, and as needed throughout the year. These plans include CEO succession in the event of an emergency or retirement, as well as the succession plans for the CEO’s direct reports and other employees critical to our continued operations and success. Culture Our Values-Driven Culture We are committed to our RISE values (respect, integrity, service, and excellence), which underpin everything we do and enable us to help people and businesses thrive. We work to create opportunities for all of our people to realize their potential. We are committed to the following principles around a values-driven culture: • We work to maintain a culture of excellence that gives every employee the opportunity and support to succeed and rewards top performance. • We foster an environment where all of our people feel they belong, are heard, and are valued, which creates a more engaged and productive workforce. • We aspire to be a company that is diverse across all dimensions. We have a deeper talent pool, build stronger teams and create better outcomes with the benefit of various perspectives, backgrounds, and life experiences. • We have zero tolerance for discrimination in any form and insist on a workplace where everyone is treated fairly and with respect. We strive to build and maintain a meaningful relationship with a broad range of clients, suppliers, and partners. Our workforce is enriched by individuals from a variety of backgrounds, perspectives, and work and life experiences. Our annual Corporate Responsibility Report includes public disclosures of demographics, including diversity data contained in our EEO-1 Submission, for our U.S. workforce, in accordance with U.S. Equal Employment Opportunity Commission requirements and other relevant information.

  44. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — SUSTAINABILITY | 19 |

  45. Independent Director Meetings

    Community Impact Through our CBRE Cares program, we are committed to fostering thriving communities and empowering our employees to make a meaningful difference. CBRE Cares provides resources to encourage employees to volunteer with and give to nonprofit organizations, supporting the causes that resonate most deeply with them. Additionally, we provide crucial support in times of crisis, swiftly activating the CBRE Employee Resilience Fund to assist colleagues experiencing hardship due to natural disasters. We also amplify this support through organized fundraisers, which include corporate matching to maximize impact. Our strategic grant program, the CBRE Thrive Fund, extends our reach by partnering with organizations dedicated to environmental sustainability and workforce development, ultimately building more sustainable and inclusive communities for all. Sustainability As the world’s largest manager of commercial properties, we are positioned to accelerate the decarbonization of commercial real estate—through our work for clients, across our value chain and in our own operations. CBRE’s leadership driving sustainability progress is anchored in our commitment to Net Zero carbon emissions. Sustainability provides a competitive advantage by scaling holistic solutions across our managed portfolio to meet client demand, creating value and driving cost efficiencies, reducing risk, ensuring regulatory readiness, improving operational performance, and leading market positioning. Our Climate Transition Strategy provides a roadmap to help us achieve Net Zero emissions by 2040, and by 2030, reduce both our Scope 1 and 2 absolute emissions by 50% and emissions from properties we manage for clients by 55% per square foot from 2019 baselines. These goals are validated by the Science Based Targets initiative. We align our business activities with our commitments across four key pathways: maximize resource efficiency, increase renewable energy, electrify operations, and decarbonize supply chain. Key initiatives include purchasing 100% renewable energy for our offices and electrifying our vehicle fleet. Our efforts have been recognized for our sustainability performance, which can be found above under the heading “Proxy Summary—Awards & Recognition.” We provide our stakeholders with detailed information about our sustainability targets, initiatives, and progress in line with leading global disclosure frameworks in our Climate Transition Strategy at www.cbre.com/corporatesustainability and Corporate Responsibility Report at www.cbre.com/responsibility. The information contained on or available through our website is not a part of, or incorporated by reference into, this Proxy Statement.

  46. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | CORPORATE GOVERNANCE — STOCKHOLDER ENGAGEMENT | 20 |

  47. Independent Director Meetings

    Stockholder Engagement We believe that engagement with our stockholders provides us with a valuable understanding of our stockholders’ perspectives and meaningful opportunities to share our views with them. Throughout the year, management and members of our Board engage with a significant portion of our stockholders through a variety of forums. Our interactions cover a broad range of governance, financial, and business topics. Stockholder feedback is regularly provided to the Board and the company’s management. A brief description of our stockholder engagement efforts are outlined below.

  48. Independent Director Meetings

    | How We Engage • Quarterly earning calls • Investor conferences • Annual Shareholder Meeting • Stockholder Outreach Program | 2025 Engagements • As part of our stockholder outreach program, we extended invitations to institutional stockholders holding in the aggregate approximately 60% of our shares outstanding to discuss governance matters • We met with stockholders representing approximately 19% of our shares outstanding | | How We Communicate • Annual Report • Proxy Statement • SEC filings • Press releases • Company website • Corporate Responsibility Report | 2025 Engagement Topics • Strategy and execution • Board composition and leadership structure • Succession planning • Sustainability • Executive compensation • Human capital / health & safety |

  49. Independent Director Meetings

    Communications with our Board Stockholders and other interested parties may write to the Board Chair, Lead Independent Director, the entire Board, or any of its members by mail at:

  50. Independent Director Meetings

    | CBRE Group, Inc. c/o Chad J. Doellinger, Chief Legal & Administrative Officer and Corporate Secretary 2121 North Pearl Street, Suite 300 Dallas, Texas 75201 |

  51. Independent Director Meetings

    The Board considers stockholder questions and comments to be important and endeavors to respond promptly and appropriately, even though the Board may not be able to respond to all stockholder inquiries directly. The Board has developed a process to assist with managing inquiries and communications. The Chief Legal & Administrative Officer will review any stockholder communications and will forward to the Board Chair, Lead Independent Director, our Board, or any of its members a summary and/or copies of any such correspondence that deals with the functions of our Board or committees thereof or that the Chief Legal & Administrative Officer otherwise determines requires their attention. Certain circumstances may require that our Board depart from the procedures described above, such as the receipt of threatening letters or emails or voluminous inquiries with respect to the same subject matter.

  52. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR NOMINATION CRITERIA | 21 |

  53. Independent Director Meetings

    Proposal 1: Elect Directors Our Board has nominated 10 directors for election at this Annual Meeting to hold office until the next annual meeting and the election of their successors. All of the nominees were selected to serve on our Board based the following criteria: • outstanding achievement in their professional careers; • broad experience; • personal and professional integrity; • their ability to make independent, analytical inquiries; • financial literacy; • mature judgment; • high-performance standards; • familiarity with our business and industry; and • an ability to work collegially. We believe that all of our director nominees have a reputation for honesty and adherence to high ethical standards. Each agreed to be named in this Proxy Statement and to serve if elected. Director Nomination Criteria Our Board seeks directors who represent a mix of backgrounds and experiences that will enhance the quality of our Board’s deliberations and decisions. Our Board does not discriminate on the basis of race, color, national origin, gender, religion, disability, or sexual orientation or any other category protected by law. When evaluating candidates, our Board considers whether potential nominees possess integrity, accountability, informed judgment, financial literacy, mature confidence, and high-performance standards. Our Board is especially interested in adding candidates over time who are operating executives (particularly current chief executives or other operating executives of other large public companies) or who have a strong technology background and in both cases a passion for building a transformative business on a global basis. Other factors include having directors with international experience, including knowledge of emerging markets or management of business operations and resources that are dispersed across a global platform. Director Independence A majority of our Board must be independent under our Corporate Governance Guidelines and NYSE listing standards. Also, at least one member of our Audit Committee should have the qualifications and skills necessary to be considered an “Audit Committee Financial Expert” under Section 407 of the Sarbanes-Oxley Act, as defined by the rules of the SEC. Director Service on Other Public Company Boards Our Board recognizes that service on other public company boards provides directors valuable experience that benefits the company. Our Board also believes, however, that it is critical that directors dedicate sufficient time to their service on the company’s Board. Directors are expected to advise the chair of the Governance Committee in advance of accepting an invitation to serve on another board of directors. This allows the Governance Committee to evaluate the impact of the director joining another board based on various factors relevant to the specific situation, including the nature and extent of a director’s other professional obligations, potential conflicts of interest and the time commitment required by the new position.

  54. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR NOMINATION CRITERIA | 22 |

  55. Independent Director Meetings

    Our Corporate Governance Guidelines provide that: • Directors who are public company executive officers may sit on no more than one additional public company boards; and • Directors who are not public company executive officers may sit on no more than three additional public company boards. The Governance Committee also takes into consideration the nature of and time involved in a director’s service on other boards (including public company leadership roles) and other outside commitments when evaluating the suitability of individual directors. The Governance Committee conducts an annual review of director commitment levels and affirms that all of our director nominees are compliant with the company’s overboarding policy. Director Resignation Policy Upon Change of Employment Our Board’s Corporate Governance Guidelines require that directors tender their resignation upon a change of their employment. The Governance Committee will then consider whether the change in employment has any bearing on the director’s ability to serve on our Board, our Board’s goals regarding Board composition or any other factors considered appropriate and relevant. Our Board will then determine whether to accept or reject the tendered resignation. Majority Voting to Elect Directors In uncontested elections, directors are elected by a “majority vote” requirement. Under this requirement, in order for a nominee to be elected in an uncontested election, the nominee must receive the affirmative vote of a majority of the votes cast in his or her election (i.e., votes cast “FOR” a nominee must exceed votes cast “AGAINST” such nominee). Votes to “ABSTAIN” with respect to a nominee and broker non-votes are not considered votes cast, and so will not affect the outcome of the nominee’s election. The company maintains a plurality vote standard in contested director elections, where the number of nominees exceeds the number of directors to be elected. If an incumbent director in an uncontested election does not receive a majority of votes cast for such incumbent’s election, the director is required to submit a letter of resignation to the Board for consideration by the Governance Committee. The Governance Committee is required to promptly assess the appropriateness of such nominee continuing to serve as a director and recommend to the Board the action to be taken with respect to the tendered resignation. The Board will act on the Governance Committee’s recommendation within 90 days of the date of the certification of election results. This is an uncontested Board election. In order to be elected, each nominee must receive the affirmative vote of a majority of the votes cast on his or her election (i.e., votes cast “FOR” a nominee must exceed votes cast “AGAINST” such nominee). Votes to “ABSTAIN” with respect to a nominee and broker non-votes are not considered votes cast, and so will not affect the outcome of the nominee’s election.

  56. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR NOMINATION PROCESS | 23 |

  57. Independent Director Meetings

    Director Nomination Process The Governance Committee is responsible for identifying and evaluating potential candidates and recommending candidates to our Board for nomination. It also performs assessments of the skills and experiences needed to properly oversee our interests.

  58. Independent Director Meetings

    | Step 1. | IDENTIFY AND RECRUIT DIRECTOR CANDIDATES | The Governance Committee regularly reviews the composition of our Board and determines whether the addition of directors with particular experience, skills, or characteristics would make our Board more effective. When a need arises to fill a vacancy, or it is determined that a director possessing particular experiences, skills or characteristics would make our Board more effective, the Governance Committee conducts targeted efforts to identify and recruit individuals who have the necessary qualifications. As a part of the search process, the Governance Committee: • May consult with other directors and members of our senior management; and • May also hire a search firm to assist in identifying and evaluating potential candidates. | | | | | | Step 2. | INTERVIEWS | All potential candidates are interviewed by our CEO, our Lead Independent Director, our Governance Committee Chair, and, to the extent practicable, the other members of the Governance Committee, and may be interviewed by other directors and members of senior management as desired and as schedules permit. | | | | | | Step 3. | DIRECTOR CANDIDATE QUESTIONNAIRE | The Chief Legal & Administrative Officer: • Reviews a director questionnaire submitted by the candidate; and • Conducts a background and reference check as appropriate. | | | | | | Step 4. | APPROVE FINAL CANDIDATES RECOMMEND CANDIDATE(S) TO BOARD | The Governance Committee narrows down the list of final candidates. The final candidates are interviewed by all remaining directors as schedules permit. The Governance Committee meets to consider the final candidates and makes its recommendation to the Board to nominate or appoint the new director. |

  59. Independent Director Meetings

    The selection process for candidates is intended to be flexible, and the Governance Committee, in the exercise of its discretion, may deviate from the selection process when particular circumstances so warrant. The Governance Committee will also consider candidates recommended to our Board by our stockholders. See “Stockholder Recommendations of Director Candidates” in this Proxy Statement for more information.

  60. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR NOMINATION PROCESS | 24 |

  61. Independent Director Meetings

    Director Nominee Skills and Experience Matrix Our director nominees bring a well-rounded variety of experiences, qualifications, attributes, and skills, and represent a mix of deep knowledge of the company and fresh perspectives. The director nominee skills and experience matrix below summarizes some of the key attributes that our Board has identified as particularly valuable to the effective oversight of our company and the execution of our corporate strategy. This director nominee skills and experience matrix is not intended to be an exhaustive list of each of our director nominees’ skills or contributions to the Board. Further information on each director nominee, including some of their specific experience, qualifications, attributes, and skills is included in the biographies in the section titled “Proposal 1: Elect Directors—Our 2026 Director Nominees” of this Proxy Statement.

  62. Independent Director Meetings

    | Skill | | Boze | Clancy | Cobert | Gilyard | Goodman | Lopez | Metcalfe | Soni | Sulentic | Yajnik | | | Artificial Intelligence (AI) | | | ● | | | | | ● | ● | ● | | | Cybersecurity | | | ● | ● | | | | ● | ● | ● | | | Finance and Accounting | ● | | ● | | ● | ● | ● | ● | ● | ● | | | Global Business Operations | ● | ● | ● | ● | ● | ● | ● | ● | ● | ● | | | Human Capital Management | ● | ● | ● | ● | ● | ● | ● | ● | ● | ● | | | M&A | ● | ● | ● | ● | ● | ● | ● | ● | ● | ● | | | Other Public Company Board Service | ● | | | ● | ● | ● | ● | ● | ● | | | | Real Estate Industry Experience | ● | ● | ● | ● | | ● | ● | | ● | ● | | | Risk Management | ● | ● | ● | ● | ● | ● | ● | ● | ● | ● | | | Senior Leadership/CEO | ● | ● | ● | | ● | ● | ● | ● | ● | ● | | | Sustainability | ● | ● | | ● | ● | | | ● | ● | ● | | | Technology and Innovation | ● | | ● | ● | | ● | | ● | ● | ● | | Demographic Background | | | | | | | | | | | | | Board Tenure (Years) | | 13 | 1 | 9 | 7 | 7 | 10 | 2 | 1 | 13 | 8 | | Age | | 45 | 61 | 67 | 62 | 65 | 66 | 58 | 46 | 69 | 69 | | Gender | | M | M | F | M | F | M | M | F | M | M | | Race/Ethnicity | | | | | | | | | | | | | Asian | | | | | | | | | ● | | ● | | Black/African American | | | | | ● | | | | | | | | Hispanic/Latino | | | | | | | ● | | | | | | White/Caucasian | | ● | ● | ● | | ● | | ● | | ● | |

  63. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR NOMINATION PROCESS | 25 |

  64. Independent Director Meetings

    | Skills and Experience Definitions | | | Artificial Intelligence (AI) Experience in AI opportunities and implementation of AI tools and business strategies, and related risk management. Cybersecurity Experience in the development of technology and processes that protect the storage of information and maintain confidentiality. Finance and Accounting High-level expertise in finance and accounting, gained through (i) experience as an operating executive with responsibility for all or a portion of a company’s financial reporting, (ii) experience in the financial sector or private equity or as an audit committee member for publicly traded companies, or (iii) an educational background or training in accounting or finance. Global Business Operations International experience, including knowledge of emerging markets or management of business operations and resources that are dispersed across a global platform. Human Capital Management Experience and expertise related to human resource issues such as attracting and retaining talent, succession planning, engagement of employees, and the development and evolution of culture, including the alignment of culture and long-term strategy. M&A Experience overseeing investment capital decisions, strategic investments, and mergers and acquisitions. Other Public Company Board Service Experience serving on the boards of other public companies. | Real Estate Industry Experience Deep commercial real estate operating and investment experience. Risk Management Experience assessing risk and reviewing measures to address and mitigate material risks. Senior Leadership/CEO Experience serving in senior leadership roles at a large organization. Sustainability Experience in sustainability initiatives and practices. Of the director nominees that indicated they have Sustainability skills, Mr. Sulentic has Technical Expertise, Mr. Sulentic and Mr. Clancy have Managerial Expertise, and Messrs. Boze, Gilyard, and Yajnik and Mses. Goodman and Soni have Working Knowledge, each as defined below. Technical Expertise: Direct hands-on experience or a subject matter expert. Managerial Expertise: Expertise derived through direct managerial experience. Working Knowledge: Experience derived through serving as a member of a relevant board committee at the company or another public company or serving as an executive officer or on the board of a public company. Technology and Innovation Experience in technology-related business, technological functions or experience implementing innovative technological business strategies, as well as an understanding of emerging technology trends. |

  65. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 26 |

  66. Independent Director Meetings

    Our 2026 Director Nominees For our upcoming annual meeting, the Board recommends the election of each nominee as a director. Each nominee has informed the Board that he or she is willing to serve as a director. A brief biography summarizing the background and qualifications of each director nominee is provided below.

  67. Independent Director Meetings

    | | The Board of Directors recommends a vote “FOR” the election of each of the following 2026 Director Nominees for a one-year term. |

  68. Independent Director Meetings

    | | Brandon B. Boze | | | | Age: 45 Director Since: December 2012 Independent | Board Committees: • Audit • Finance and Investment | | Skills & Experience • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Sustainability • Technology and Innovation | Qualifications Mr. Boze is the Managing Principal of Bridges Capital LLC, founded in 2024 to invest in commercial real estate properties primarily in the San Francisco Bay Area. Mr. Boze served as the Independent Chair of our Board from May 2018 to November 2023. He served as the President, a Partner, and a member of the Management Committee of ValueAct Capital, a privately owned investment firm from August 2005 to January 2024. Prior to joining ValueAct Capital, Mr. Boze was an investment banker at Lehman Brothers. Mr. Boze brings to our Board experience in finance, strategy, mergers and acquisitions, and investments. He previously served on the board of directors of Trinity Industries, Inc. and Valeant Pharmaceuticals International. Mr. Boze holds a B.E. from Vanderbilt University and is a CFA charterholder. Other Public Company Boards • None. | | | | Vincent Clancy | | | | Age: 61 Director Since: January 2025 | Board Committee: • None | | Skills & Experience • Global Business Operations • Human Capital Management • M&A • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Sustainability | Qualifications Mr. Clancy is Chairman and Chief Executive Officer of Turner & Townsend, a London-based company that provides program management, cost consultancy, and project management services globally. Turner & Townsend has been a majority-owned subsidiary of CBRE since 2021. Mr. Clancy joined Turner & Townsend in 1989. He has served as Chief Executive Officer since 2008 and Chairman since 2015. Before being named Chief Executive Officer, Mr. Clancy led the company’s international business and prior to that, its United Kingdom cost management business. Mr. Clancy brings to our Board more than 35 years of real estate experience with in-depth experience in the set-up, procurement, and delivery of highly complex major programs across real estate, infrastructure, energy, and natural resources. Mr. Clancy is a Chartered Member of the Royal Institute of Surveyors and holds a degree in Construction Economics from London South Bank University. Other Public Company Boards • None. | |

  69. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 27 |

  70. Independent Director Meetings

    | | Beth F. Cobert | | | | Age: 67 Director Since: May 2017 Independent | Board Committees: • Audit • Governance | | Skills & Experience • Artificial Intelligence • Cybersecurity • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Technology and Innovation | Qualifications Ms. Cobert has served as the President, Affiliates and Strategic Partnerships of Strada Education Foundation, since October 2024. She previously served as the President of the Markle Foundation from September 2023 to February 2024, where she led Markle’s Rework America Alliance, a partnership of civil rights organizations, non-profits, private sector employers, labor unions, educators, and others working to open opportunities for career advancement. She previously served as the Acting President of the Markle Foundation from September 2022 to September 2023 and its Chief Operating Officer from July 2020 to September 2022. Ms. Cobert also led Markle’s Skillful initiative as Chief Executive Officer from June 2017 to July 2021. She previously served as the Acting Director of the U.S. Office of Personnel Management from July 2015 to January 2017, and as the Deputy Director for Management of the U.S. Office of Management and Budget from October 2013 to July 2015. From 2001 to 2013, Ms. Cobert served as a Senior Partner at McKinsey & Company, a global business strategy consulting firm. From 1990 to 2001, Ms. Cobert was a Partner at McKinsey & Company. She joined the firm in 1984 as an Associate and served in various leadership roles at McKinsey & Company. Ms. Cobert brings to our Board nearly 30 years of experience as a consultant in business strategy, where she worked with corporate, non-profit, and government entities on key strategic, operational, and organizational issues across a range of sectors, including financial services, health care, legal services, real estate, and telecommunications. Our Board also benefits from Ms. Cobert’s government service. Ms. Cobert serves on the Board of Trustees of Princeton University, is a business member on the Colorado Workforce Development Council, and a committee member of the National Artificial Intelligence Advisory Council. She previously served as a member of the board of directors and chair of the United Way of the Bay Area and as a member of the Stanford University Graduate School of Business Advisory Council. Ms. Cobert holds a B.A. from Princeton University and an M.B.A. from Stanford University. Other Public Company Boards • None. | |

  71. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 28 |

  72. Independent Director Meetings

    | | Reginald H. Gilyard | | | | Age: 62 Director Since: November 2018 Independent | Board Committee: • Compensation (Chair) | | Skills & Experience • Cybersecurity • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Real Estate Industry Experience • Risk Management • Sustainability • Technology and Innovation | Qualifications Mr. Gilyard has served as a Senior Advisor to The Boston Consulting Group, Inc. (BCG), a global management consulting firm, since August 2017. Prior to this role, Mr. Gilyard served as the Dean of the Argyros School of Business and Economics at Chapman University from August 2012 to July 2017. Prior to joining Chapman University, Mr. Gilyard served as Partner and Managing Director at BCG, where he led strategy, M&A, and business transformation initiatives for large corporations, from 1996 to 2012. Prior to BCG, he served nine years in the U.S. Air Force and three years in the U.S. Air Force Reserves, rising to Major in the Reserves. Mr. Gilyard brings to our Board more than 25 years of experience developing and implementing successful strategies for Fortune 500 companies, educational institutions, and large national foundations. He serves on the board of directors of First American Financial Corporation, Orion Properties Inc., and Realty Income Corporation. Mr. Gilyard holds a B.S. from the United States Air Force Academy, an M.S. from the United States Air Force Institute of Technology, and an M.B.A. from Harvard Business School. Other Public Company Boards • First American Financial Corporation • Orion Properties Inc. • Realty Income Corporation | | | | Shira D. Goodman | | | | Age: 65 Director Since: May 2019 Independent | Board Committees: • Compensation • Finance and Investment | | Skills & Experience • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Risk Management • Senior Leadership/CEO • Sustainability | Qualifications Ms. Goodman currently provides executive coaching services to business and non-profit leaders. She previously served as an Advisory Director to Charlesbank Capital Partners, a private equity firm, from January 2019 to December 2024. Ms. Goodman served as the Chief Executive Officer of Staples, Inc. from September 2016 to January 2018. She served in roles with increasing responsibility at Staples since joining Staples in 1992, including President and Interim Chief Executive Officer from June 2016 to September 2016, President, North American Operations from January 2016 to June 2016, and President, North American Commercial from February 2014 to June 2016. Prior to that, she served as Executive Vice President of Global Growth from February 2012 to February 2014, Executive Vice President of Human Resources from March 2009 to February 2012, Executive Vice President of Marketing from May 2001 to March 2009, and in various other management positions. Prior to Staples, Ms. Goodman worked at Bain & Company from 1986 to 1992, in project design, client relationships, and case team management. Ms. Goodman brings to our Board more than 25 years of experience in business operations, marketing, sales force management, human resources, business growth, and distribution logistics. She also served as the Board’s Lead Independent Director from November 2023 to May 2025. She serves on the board of directors of Burlington Stores, Inc. and CarMax, Inc. and previously served on the board of directors of Henry Schein, Inc., Staples, Inc., and The Stride Rite Corporation. Ms. Goodman holds a B.A. from Princeton University, an M.S. in Management from the Massachusetts Institute of Technology, and a J.D. from Harvard University. Other Public Company Boards • Burlington Stores, Inc. • CarMax, Inc. | |

  73. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 29 |

  74. Independent Director Meetings

    | | Gerardo I. Lopez | | | | Age: 66 Director Since: October 2015 Independent | Board Committees: • Audit (Chair) • Governance | | Skills & Experience • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Technology and Innovation | Qualifications Mr. Lopez served as an Executive-in-Residence at Softbank Investment Advisers, Inc. from October 2021 to October 2022 and previously served as an Operating Partner and Head of its Operating Group from December 2018 to October 2021. Prior to Softbank, he served as an Operating Partner at High Bluff Capital from June 2018 to December 2018. From January 2018 to March 2018, Mr. Lopez served as a Senior Advisor to Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc. and was its President and Chief Executive Officer from August 2015 to December 2017. Mr. Lopez previously served as President and Chief Executive Officer of AMC Entertainment Holdings, Inc. and its subsidiary, AMC Entertainment Inc., from March 2009 through August 2015. Prior to that, he was Executive Vice President of Starbucks Coffee Company and President of its Global Consumer Products, Seattle’s Best Coffee and Foodservice divisions from September 2004 to March 2009, and President of the Handleman Entertainment Resources division of Handleman Company from November 2001 to September 2004. Mr. Lopez has also held a variety of executive management positions with International Home Foods, Frito Lay, Pepsi-Cola, and the Procter & Gamble Company. Mr. Lopez brings to our Board his skills, knowledge, and business leadership as a senior executive at hospitality, entertainment, and consumer products companies. He has over 35 years of experience in marketing, sales, and operations and management in public and private companies and has public company experience across diverse consumer-focused industries. He serves on the board of directors of MGP Ingredients, Inc., Newell Brands, and Realty Income Corporation, and previously served on the board of directors of Brinker International, Inc., Extended Stay America, Inc., AMC Entertainment Holdings, Inc., Digital Cinema Implementation Partners, National Cinemedia, LLC, Open Road Films, Safeco Insurance, TXU, Inc., and Recreational Equipment, Inc. Mr. Lopez holds a B.A. from George Washington University and an M.B.A. from Harvard Business School. Other Public Company Boards • MGP Ingredients, Inc. • Newell Brands • Realty Income Corporation | |

  75. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 30 |

  76. Independent Director Meetings

    | | Guy A. Metcalfe | | | | Age: 58 Director Since: February 2024 Independent | Board Committees: • Finance and Investment (Chair) • Compensation | | Skills & Experience • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO | Qualifications Mr. Metcalfe previously served as a Managing Director, member of the Investment Banking Executive Committee and Global Chairman of Real Estate at Morgan Stanley, until his retirement in January 2024. He led Morgan Stanley’s real estate investment banking business for over two decades. Mr. Metcalfe brings to our Board extensive transactional and commercial real estate experience. Over the years, he has served as a trusted strategic advisor to CBRE and has been involved in notable capital-raising, M&A, and capital markets transactions for the company. In addition, he has facilitated some of the most transformational transactions in the real estate industry. Mr. Metcalfe serves on the board of directors of Prologis, Inc., a global real estate company and logistics solutions provider, and on the board of trustees of RioCan Real Estate Investment Trust. Mr. Metcalfe is also a senior advisor to KKR & Co., a publicly-traded global investment firm. He is Co-Chair of the board of directors of the Child Mind Institute, an independent, not-for-profit organization focused on improving the lives of children and families facing mental health and learning challenges. Mr. Metcalfe holds a B.A. in Business Administration (honors) from the Ivey Business School at the University of Western Ontario. Other Public Company Boards • Prologis, Inc. • RioCan Real Estate Investment Trust | | | | Gunjan Soni | | | | Age: 46 Director Since: July 2024 Independent | Board Committee: • Audit | | Skills & Experience • Artificial Intelligence • Cybersecurity • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Risk Management • Senior Leadership/CEO • Sustainability • Technology and Innovation | Qualifications Ms. Soni has served as Country Managing Director of YouTube India since April 2025. She previously served as the Chief Executive Officer of Zalora, a fashion e-commerce platform in Southeast Asia, from January 2019 to March 2025, and served as the Chief Operating Officer of its parent, Global Fashion Group S.A., from February 2023 to February 2025. Prior to joining Zalora, Ms. Soni served as Chief Marketing Officer of Myntra, an online fashion retailer in India, from December 2015 to October 2018, and ran its subsidiary, Jabong, from February 2017 to October 2018. She earlier was a partner at McKinsey & Company and started her career as a software engineer. Ms. Soni previously served as a member of the management board of Global Fashion Group S.A. and the board of directors of Zomato Limited. She brings to our Board over 20 years of experience in technology, strategy, and the Asian business landscape. Ms. Soni has been recognized as a young leader in business and technology in Asia, and was previously named to Fortune India's 40 Under 40 list. Ms. Soni holds a B.E. in Computer Science from Government Engineering College Bhopal and an M.B.A. from XLRI Jamshedpur. Other Public Company Boards • None. | |

  77. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — OUR 2026 DIRECTOR NOMINEES | 31 |

  78. Independent Director Meetings

    | | Robert E. Sulentic | | | | Age: 69 Director Since: December 2012 Board Chair | Board Committee: • None | | Skills & Experience • Artificial Intelligence • Cybersecurity • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Other Public Company Board Service • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Sustainability • Technology and Innovation | Qualifications Mr. Sulentic has been our President and CEO since December 2012. He assumed additional responsibilities as Board Chair in November 2023. Previously, he served in several senior leadership roles, including Group President with responsibility for Asia Pacific, EMEA, and the Development Services business; Chief Financial Officer; and President with responsibility for all business segments. At Trammell Crow Company, which CBRE acquired in December 2006, Mr. Sulentic served as Chief Financial Officer, Chief Executive Officer, and Board Chair. This deep and varied background enables Mr. Sulentic to bring significant strategic, financial, and operating skills to our Board. Mr. Sulentic previously served on the following public company boards: CBRE Acquisition Holdings, Inc. (Board Chair), which merged with Altus Power, Inc.; Staples, Inc. (Independent Board Chair); and Trammell Crow Company (Board Chair). Mr. Sulentic holds a B.A. from Iowa State University and an M.B.A. from Harvard Business School. Other Public Company Boards • None. | | | | Sanjiv Yajnik | | | | Age: 69 Director Since: November 2017 Lead Independent Director | Board Committee: • Governance (Chair) | | Skills & Experience • Artificial Intelligence • Cybersecurity • Finance and Accounting • Global Business Operations • Human Capital Management • M&A • Real Estate Industry Experience • Risk Management • Senior Leadership/CEO • Sustainability • Technology and Innovation | Qualifications Mr. Yajnik has served as our Lead Independent Director since May 2025. He has been the President of Capital One Financial Services, a division of Capital One, since June 2009 and also serves on Capital One’s Executive Committee. In addition, Mr. Yajnik oversees Capital One’s community relations throughout Texas, Oklahoma, and Louisiana as President of the company’s South-Central Region. Since joining Capital One in 1998, he has held a number of senior leadership positions in Europe, Canada, and the United States. Prior to Capital One, he held leadership positions at PepsiCo and Circuit City and was a Chief Engineer for Mobil Oil Corporation’s shipping business. He is a member of the board of directors of Khan Academy, serves as the Chair of the Collin County Business Alliance and Co-Chair of the Indian American CEO (IACEO) Council, and is a member of the executive board of the Dallas Symphony Association. Mr. Yajnik previously served as Chair of the Dallas Symphony Association and Texas Economic Development Corporation. Mr. Yajnik brings to our Board his broad business background and his experience in leading the transformation of a large, service-oriented global organization through technology enablement. Mr. Yajnik received an M.B.A. with honors from the University of Western Ontario, Canada, and completed the Executive Management Program at Stanford University. He is a medalist Chartered Engineer (I) and graduated with distinction from the Marine Engineering Research Institute, India. Other Public Company Boards • None. | |

  79. Independent Director Meetings

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR COMPENSATION | 32 |

  80. Director Compensation

    Director Compensation 2025 Director Compensation Policy Our 2025 director compensation policy provides for the following annual compensation for each of our non-employee directors:

  81. Director Compensation

    | BOARD RETAINER | $110,000 in cash, payable upon commencement of director’s annual term. | | RESTRICTED STOCK UNIT GRANT | $250,000, granted on the date of the Annual Meeting and vesting on the earlier of the one-year anniversary of grant or the next annual meeting. | | ADDITIONAL COMPENSATION FOR LEAD INDEPENDENT DIRECTOR AND COMMITTEE CHAIRS | Payable in cash upon commencement of director’s annual term. | | Lead Independent Director / Governance Committee Chair Retainer | $90,000 | | Audit Committee Chair Retainer | $40,000 | | Compensation Committee Chair Retainer | $40,000 | | Finance and Investment Committee Chair Retainer | $40,000 |

  82. Director Compensation

    Our non-employee directors may elect to receive shares of our common stock in lieu of cash payments (in like amounts). Non-employee directors who are appointed or elected off-cycle (i.e., outside an annual meeting) receive a pro rata portion of their cash retainer and restricted stock unit grant based on the length of their service until the next annual meeting. Our non-employee directors are eligible to defer their compensation through our Deferred Compensation Plan, as described under “Executive Compensation—Summary of Plans, Programs, and Agreements—Deferred Compensation Plan.” We also reimburse our non-employee directors for all reasonable out-of-pocket expenses incurred in the performance of their duties as directors. Employee directors do not receive any fees for attendance at meetings or for their service on our Board.

  83. Director Compensation

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR COMPENSATION | 33 |

  84. Director Compensation

    2025 Director Compensation The following table provides information regarding compensation earned during the fiscal year ended December 31, 2025 by each non-employee director for his or her Board and committee service. For stock awards in the table below, the dollar amounts indicated reflect the aggregate grant date fair value for awards granted during the fiscal year ended December 31, 2025. Each of Robert E. Sulentic, who is our Chair, President, and Chief Executive Officer, and Vincent Clancy, who is Chief Executive Officer of our majority-owned subsidiary, Turner & Townsend, is not compensated for his role as a director.

  85. Director Compensation

    | Name | Fees Earned or Paid in Cash(1) ($) | Stock Awards(2)(3) ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | Total ($) | | Brandon B. Boze | 110,000 | 249,959 | — | 359,959 | | Beth F. Cobert | 110,000 | 249,959 | — | 359,959 | | Reginald H. Gilyard | 150,000 | 249,959 | — | 399,959 | | Shira D. Goodman | 110,000 | 249,959 | — | 359,959 | | E.M. Blake Hutcheson(4) | — | — | — | — | | Christopher T. Jenny(4) | — | — | — | — | | Gerardo I. Lopez | 150,000 | 249,959 | — | 399,959 | | Guy A. Metcalfe | 150,000 | 249,959 | — | 399,959 | | Oscar Munoz(4) | — | — | — | — | | Gunjan Soni | 110,000 | 249,959 | — | 359,959 | | Sanjiv Yajnik | 200,000 | 249,959 | — | 449,959 |

  86. Director Compensation

    (1) Fees Earned or Paid in Cash Column This includes fees associated with the annual Board service retainer, including service as lead independent director and chairing a Board committee. Our non-employee directors may elect to receive shares of our common stock in lieu of cash payments (in like amounts). We reflect these “stock in lieu of cash” payments under the column titled “Fees Earned or Paid in Cash” and not under the “Stock Awards” column. (2) Stock Awards Column Represents the grant date fair value under Financial Accounting Standards Board, Accounting Standards Codification (ASC), Topic 718, Stock Compensation, of all restricted stock units granted to the directors during 2025. See also Note 2 “Significant Accounting Policies” and Note 15 “Employee Benefit Plans” to our consolidated financial statements as reported in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 for a discussion of the valuation of our stock awards. Shares vest in full on the earlier of the one-year anniversary of grant or the next annual meeting of stockholders. (3) Stock Awards Column Each of Mses. Cobert, Goodman, and Soni and Messrs. Boze, Gilyard, Lopez, Metcalfe, and Yajnik was awarded 2,068 restricted stock units pursuant to our director compensation policy. These restricted stock units were valued at the fair market value of our common stock of $120.87 per share on the award date of May 21, 2025. Messrs. Hutcheson, Jenny, and Munoz did not stand for re-election in order to pursue other opportunities and retired from the Board effective as of our May 2025 annual meeting. Accordingly, they did not receive an annual Board service retainer or restricted stock unit award as a director in 2025.

  87. Director Compensation

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 1: ELECT DIRECTORS — DIRECTOR COMPENSATION | 34 |

  88. Director Compensation

    Outstanding Stock Awards (RSUs) The table below shows the aggregate number of stock awards (i.e., restricted stock units) outstanding for each non-employee director as of December 31, 2025 (no option awards were outstanding on that date):

  89. Director Compensation

    | Name | Aggregate Number of Stock Awards Outstanding | Aggregate Number of Shares Underlying Options Outstanding | | Brandon B. Boze | 2,068 | — | | Beth F. Cobert | 2,068 | — | | Reginald H. Gilyard | 2,068 | — | | Shira D. Goodman | 2,068 | — | | E.M. Blake Hutcheson(1) | — | — | | Christopher T. Jenny(1) | — | — | | Gerardo I. Lopez | 2,068 | — | | Guy A. Metcalfe | 2,068 | — | | Oscar Munoz(1) | — | — | | Gunjan Soni | 2,068 | — | | Sanjiv Yajnik | 2,068 | — |

  90. Director Compensation

    Messrs. Hutcheson, Jenny, and Munoz did not stand for re-election in order to pursue other opportunities and retired from the Board effective as of our May 2025 annual meeting. Accordingly, they did not receive an annual Board retainer or restricted stock unit award in 2025 and did not hold any restricted stock units as of December 31, 2025.

  91. Director Compensation

    | CBRE 2026 PROXY STATEMENT | PROPOSAL 2: RATIFY APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 35 |

  92. Director Compensation

    Proposal 2: Ratify Appointment of Independent Registered Public Accounting Firm The Audit Committee of our Board appointed KPMG LLP as our independent registered public accounting firm to audit our consolidated financial statements for the fiscal year ending December 31, 2026. During 2025, KPMG LLP served as our independent accountant and reported on our consolidated financial statements for that year. KPMG LLP has been our independent auditor at all times since 2008. The Audit Committee periodically considers whether to rotate our independent auditor in order to assure continuing auditor independence. The Board and the members of the Audit Committee believe that the continued retention of KPMG LLP as the company’s independent auditor in fiscal year 2026 is in the best interests of the company and its stockholders. We expect that representatives of KPMG LLP will attend the Annual Meeting and will have the opportunity to make a statement if they so desire and to respond to appropriate questions. Although stockholder ratification is not required, the appointment of KPMG LLP is being submitted for ratification at the Annual Meeting with a view towards soliciting stockholders’ opinions, which the Audit Committee will take into consideration in future deliberations. If KPMG LLP’s selection is not ratified at the Annual Meeting, the Audit Committee will consider the engagement of other independent accountants. The Audit Committee may terminate KPMG LLP’s engagement as our independent accountant without the approval of our stockholders whenever the Audit Committee deems termination appropriate.

  93. Audit Committee

    Mr. Doellinger has been our Chief Legal & Administrative Officer and Corporate Secretary since January 2025. Prior to that, he served as our Executive Vice President, General Counsel, and Corporate Secretary from August 2023 to January 2025. He also served as our Chief Transformation Officer from May 2023 to August 2023 and our Senior Vice President and Deputy General Counsel from May 2020 to May 2023. Prior to joining CBRE, Mr. Doellinger was a Partner at Greenberg Traurig, LLP from November 2018 to May 2020. Mr. Doellinger holds a B.A., B.S., and M.B.A. from the University of Iowa and a J.D. from Yale Law School.

  94. Audit Committee

    Ms. Giamartino has been our Chief Financial Officer since July 2021 and our Chief Investment Officer since January 2026. She also served as our Chief Investment Officer from January 2021 to July 2021. Prior to that, she served as our Executive Vice President of Corporate Development and Global Head of Mergers & Acquisitions from June 2020 to January 2021 and as Head of Mergers & Acquisitions in the Americas from February 2018 to June 2020. Prior to joining CBRE, Ms. Giamartino served as Director of Corporate Development at Verizon Communications from March 2016 to February 2018. Earlier in her career, she worked in Nomura’s investment banking group. Ms. Giamartino holds a B.S. in Electrical Engineering from Duke University and an M.B.A. from Columbia Business School.

  95. Audit Committee

    Mr. Glanzman has been our Chief Executive Officer, Real Estate Investments since January 2026, and Co-CEO and President of CBRE Investment Management since December 2024. From January 2022 to December 2024, he served as President of CBRE Investment Management. Mr. Glanzman previously served as Global Chief Operating Officer of our Real Estate Investments segment from January 2019 to January 2022. Prior to joining CBRE in 2010 as Managing Director and Chief Legal Officer of the company’s credit division, Mr. Glanzman was an attorney in the Private Investment Fund group at Mayer Brown LLP. Mr. Glanzman holds a J.D. from Harvard Law School and a B.A. from Indiana University.

  96. Audit Committee

    Mr. Hodari has been our Chief Executive Officer, Building Operations & Experience and Chief Commercial Officer since January 2025. Prior to joining CBRE, he was the Chief Executive Officer and Co-Founder of Industrious, a flexible workplace provider. Prior to Industrious, Mr. Hodari served as Co-Founder and Chief Executive Officer of Kepler, which pioneered a lower-cost, high-performing university model in East Africa, from 2011 to 2013. Earlier in his career, he was an investor at Birch Run Capital from 2010 to 2011, a corporate attorney at Sullivan & Cromwell from 2009 to 2010, and a reporter for the Times of India from 2004 to 2005. He previously served as a member of the board of directors of CBRE Acquisition Holdings, Inc., which merged with Altus Power, Inc. Mr. Hodari holds a J.D. from Yale Law School, an M.P.P. from Harvard University, and a B.A. from Columbia University.

  97. Audit Committee

    Mr. Kohli has been our Chief Operating Officer since April 2023 and our Chief Executive Officer, Advisory Services since January 2025. Prior to his current role, Mr. Kohli served in senior global roles, including as our Chief Executive Officer, CBRE Platform from January 2023 to April 2023, Global Group President, Business Intelligence from July 2021 to December 2022, Vice President, Corporate Finance from July 2020 to July 2021, Chief Operating Officer, South East Asia from April 2019 to July 2020, and our Regional Managing Director, South East Asia from April 2018 to April 2019. Earlier in his more than two-decade career at CBRE, Mr. Kohli served as Executive Director, Sales Management, Asia Pacific and Senior Director, Global Transactions. Mr. Kohli joined CBRE in June 2001 in India as part of the Transactions team focused on occupier advisory and office leasing. Mr. Kohli holds a B.B.A. from Delhi University, College of Business Studies and an M.B.A. from Northwestern University, Kellogg School of Management.

  98. Audit Committee

    Mr. Sulentic has been our President and CEO since December 2012. He assumed additional responsibilities as Board Chair in November 2023. Previously, he served in several senior leadership roles, including Group President with responsibility for Asia Pacific, EMEA, and the Development Services business; Chief Financial Officer; and President with responsibility for all business segments. At Trammell Crow Company, which CBRE acquired in December 2006, Mr. Sulentic served as Chief Financial Officer, Chief Executive Officer, and Board Chair. Mr. Sulentic holds a B.A. from Iowa State University and an M.B.A. from Harvard Business School.

  99. Summary Compensation Table

    Summary Compensation Table The following table includes compensation information for the fiscal years ended December 31, 2025, 2024, and 2023 for our Chief Executive Officer, Chief Financial Officer and Chief Investment Officer, and the three other most highly compensated executive officers in 2025.

  100. Summary Compensation Table

    | Name and Principal Position | Year(8) | Salary ($) | Bonus ($) | Stock Awards(1)(2) ($) | Non-Equity Incentive Plan Compensation(3) ($) | All Other Compensation(4)(5) ($) | Total ($) | | Robert E. Sulentic(7) | 2025 | 1,350,000 | — | 19,023,324 | 3,638,824 | 312,891(5) | 24,325,039 | | President and Chief Executive Officer | 2024 | 1,323,077 | — | 16,339,427 | 3,887,683 | 6,000 | 21,556,187 | | | 2023 | 1,250,000 | — | 14,749,941 | 2,352,893 | 6,000 | 18,358,834 | | Emma E. Giamartino | 2025 | 775,000 | — | 5,102,505 | 1,476,347 | 38,578 | 7,392,430 | | Chief Financial Officer and Chief | 2024 | 754,808 | — | 4,240,385 | 1,612,264 | 6,000 | 6,613,457 | | Investment Officer | 2023 | 695,000 | — | 3,199,880 | 980,273 | 6,000 | 4,881,153 | | Vikram Kohli | 2025 | 850,000 | 1,450,000(6) | 5,696,094 | 1,684,019 | 38,898 | 9,719,011 | | Chief Operating Officer and Chief Executive Officer, Advisory Services | 2024 | 809,615 | — | 4,563,875 | 1,835,850 | 6,324 | 7,215,664 | | Jamie Hodari | 2025 | 669,231 | — | 4,954,560 | 1,307,509 | 38,578 | 6,969,878 | | Chief Executive Officer, Building Operations & Experience and Chief Commercial Officer | | | | | | | | | Chad J. Doellinger | 2025 | 672,692 | — | 2,278,438 | 1,463,620 | 46,769 | 4,461,519 | | Chief Legal & Administrative Officer and Corporate Secretary | 2024 | 586,538 | — | 1,616,756 | 1,181,400 | 6,000 | 3,390,694 |

  101. Summary Compensation Table

    Annual Stock Award Column (1), (2) (1) The amounts shown in this column represent the aggregate grant date fair value of RSUs and Performance RSUs granted to the NEOs calculated in accordance with FASB ASC Topic 718. For the Time Vesting Equity Awards and Relative TSR Equity Awards granted in 2025, assumptions used in the calculation of these amounts are included in Note 2 “Significant Accounting Policies” and Note 15 “Employee Benefit Plans” to our consolidated financial statements as reported in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. (2) Our 2025 annual equity awards were made under and governed by the Amended and Restated 2019 Equity Incentive Plan, as described below under “Summary of Plans, Programs, and Agreements” and include:

  102. Kohli Retention Agreement

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — GRANTS OF PLAN-BASED AWARDS | 71 |

  103. Estimated Future Payouts Under Non-Equity Incentive Plan Awards Column (1)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — GRANTS OF PLAN-BASED AWARDS | 72 |

  104. Estimated Future Payouts Under Non-Equity Incentive Plan Awards Column (1)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END | 73 |

  105. Estimated Future Payouts Under Non-Equity Incentive Plan Awards Column (1)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END | 74 |

  106. Estimated Future Payouts Under Non-Equity Incentive Plan Awards Column (1)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — Option Exercises and Stock Vested | 75 |

  107. Non-Qualified Deferred Compensation

    Non-Qualified Deferred Compensation

  108. Non-Qualified Deferred Compensation

    | Name | Executive Contributions in Last FY ($) | Registrant Contributions in Last FY ($) | Aggregate Earnings in Last FY(1) ($) | Aggregate Withdrawals/ Distributions ($) | Aggregate Balance at Last FYE ($) | | Chad J. Doellinger | — | — | 192,255 | — | 1,341,693 |

  109. Non-Qualified Deferred Compensation

    (1) The amount in this column is not reported as compensation for the fiscal year ended December 31, 2025 in the “Summary Compensation Table” since it does not reflect above-market or preferential earnings. 401(k) Plan We maintain a tax-qualified 401(k) retirement plan. Most of our U.S. employees, other than certain qualified real estate agents having the status of independent contractors under Internal Revenue Code Section 3508 and non-plan electing unionized employees, are eligible to participate in this plan. The 401(k) plan provides for participant contributions as well as a company match. Severance Plan; Treatment of Death, Disability and Retirement Under Annual Equity Award Agreements; Treatment of Qualifying Termination and Retirement Under CEO Strategic Equity Award Agreements

  110. HYPOTHETICAL DECEMBER 31, 2025 TERMINATION DUE TO SEA QUALIFYING TERMINATION (CHANGE IN CONTROL)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — CEO PAY RATIO | 87 |

  111. HYPOTHETICAL DECEMBER 31, 2025 TERMINATION DUE TO SEA QUALIFYING TERMINATION (CHANGE IN CONTROL)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — PAY VERSUS PERFORMANCE | 88 |

  112. HYPOTHETICAL DECEMBER 31, 2025 TERMINATION DUE TO SEA QUALIFYING TERMINATION (CHANGE IN CONTROL)

    | Year | “Summary Compensation Table” Total for CEO(1) ($) | Compensation Actually Paid to CEO(2) ($) | Average “Summary Compensation Table” Total for Other NEOs(1) ($) | Average Compensation Actually Paid to Other NEOs(2) ($) | Company TSR(3) ($) | Peer Group TSR(3) ($) | GAAP Net Income ($ in thousands) | Core EPS ($) | | 2025 | 24,325,039 | 45,581,677 | 7,135,710 | 11,075,803 | 256.36 | 168.39 | 1,157,000 | 6.38 | | 2024 | 21,556,187 | 49,646,136 | 6,415,263 | 10,396,173 | 209.33 | 141.65 | 968,000 | 5.10 | | 2023 | 18,358,834 | 16,844,606 | 5,448,974 | 5,440,481 | 148.42 | 122.62 | 985,747 | 3.84 | | 2022 | 25,912,100 | 1,749,522 | 5,259,697 | (1,880,786) | 122.70 | 104.23 | 1,407,370 | 5.69 | | 2021 | 13,908,085 | 67,396,503 | 6,090,375 | 17,034,237 | 173.01 | 164.69 | 1,836,574 | 5.33 |

  113. HYPOTHETICAL DECEMBER 31, 2025 TERMINATION DUE TO SEA QUALIFYING TERMINATION (CHANGE IN CONTROL)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — PAY VERSUS PERFORMANCE | 89 |

  114. HYPOTHETICAL DECEMBER 31, 2025 TERMINATION DUE TO SEA QUALIFYING TERMINATION (CHANGE IN CONTROL)

    | CBRE 2026 PROXY STATEMENT | EXECUTIVE COMPENSATION — PAY VERSUS PERFORMANCE | 90 |