Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On September 12, 2022, the Company's board of directors appointed Lindsey Caplan as the Company's Chief Accounting Officer, effective September 12, 2022 (the "Transition Date"). Mr. Caplan, age 48, previously served as Global Chief Financial Officer of the Company's Real Estate Investments segment from February 2020 to September 2022. Prior to that, Mr. Caplan served as Chief Financial Officer of the Company's Americas Advisory segment from July 2018 to February 2020, as Senior Vice President, Global Financial Planning & Analysis from December 2013 to July 2018 and as Vice President, Americas Finance from July 2011 to December 2013. Prior to these roles, he served as Vice President, Global Financial Planning & Analysis from May 2009 to July 2011, and as Director, Corporate Development from September 2006 to May 2009. Mr. Caplan joined the Company from Marsh Inc., where he was Vice President, Strategic Development. Earlier in his career, he worked in the Transaction Services Group at PricewaterhouseCoopers.

Effective as of the Transition Date, Mr. Caplan will earn an annual base salary of $460,000 and will be eligible for an annual target bonus of $460,000. Beginning in 2023, he will be eligible for an annual equity award with a target grant date value of $430,000. Mr. Caplan will also receive a one-time cash promotion award of $100,000. There are no arrangements or understandings between Mr. Caplan and any other persons pursuant to which he was selected for his position with the Company. There are no family relationships between Mr. Caplan and any director or executive officer of the Company.

Madeleine Barber, who served as the Company's Deputy Chief Financial Officer and Chief Accounting Officer until the Transition Date, will remain at the Company through December 31, 2022.

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