Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Lindsey S. Caplan, Chief Accounting Officer at CBRE Group, INC. (NYSE:CBRE), a prominent $40.5B market cap player in Real Estate Management, reported selling 3,432 shares of Class A Common Stock on June 24, 2025. The shares were sold at $140.00, near the 52-week high of $147.75, for a total value of $480,480. According to InvestingPro analysis, CBRE’s stock has delivered a robust 53% return over the past year.
The filing indicates that 1,935 of the shares were directly owned by Caplan, leaving 20,130.7861 shares after the transaction. An additional 1,497 shares were sold indirectly through a spouse, leaving 28,211 shares after the transaction. While management has been actively buying back shares, InvestingPro data suggests the stock is trading above its Fair Value.
The filing also noted Caplan indirectly owns 763.4485 shares by 401(k) Plan
In other recent news, CBRE Group, Inc. has been actively managing its financial portfolio with several significant developments. The company announced the completion of new senior unsecured revolving credit agreements totaling $4.5 billion and amended its term loan agreement, as per a recent SEC filing. This new arrangement includes a five-year revolving credit agreement providing up to $3.5 billion and a 364-day revolving credit agreement for up to $1 billion. In a separate move, CBRE Group completed the redemption of $600 million in 4.875% senior notes due in 2026, further demonstrating its focus on maintaining a strong balance sheet. Additionally, CBRE issued $1.1 billion in senior notes, comprising $600 million in 4.800% Senior Notes due in 2030 and $500 million in 5.500% Senior Notes due in 2035. The proceeds from these notes are intended for redeeming existing senior notes, repaying borrowings under its commercial paper program, and other corporate purposes. The notes were issued under an underwriting agreement with major financial firms, including Wells Fargo (NYSE:WFC) Securities and BofA Securities. These strategic financial actions reflect CBRE Group’s ongoing efforts to optimize its debt portfolio and enhance financial flexibility.
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