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JLL (JLL) unit CEO nets new shares after performance award vests

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

JONES LANG LASALLE INC executive Neil D. Murray, CEO of Real Estate Management Services, received 12,957 shares of common stock upon vesting of performance share units granted on April 5, 2023. Of these, 5,741 shares were withheld at $297 per share to cover taxes, leaving him with 32,366 shares held directly after the transactions.

Positive

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Negative

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Insider Murray Neil D
Role CEO, Real Estate Mgmt Services
Type Security Shares Price Value
Grant/Award Common Stock 12,957 $0.00 --
Tax Withholding Common Stock 5,741 $297.00 $1.71M
Holdings After Transaction: Common Stock — 38,107 shares (Direct)
Footnotes (1)
  1. Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on April 5, 2023. Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on April 5, 2023.
Shares granted on vesting 12,957 shares Common stock from performance share units granted April 5, 2023
Shares withheld for taxes 5,741 shares Withheld at $297 per share on vesting
Tax withholding price $297 per share Price used for shares withheld to pay taxes
Shares held after transactions 32,366 shares Direct JLL common stock ownership after Form 4 events
Net shares retained from award 7,216 shares Award shares (12,957) minus tax-withheld shares (5,741)
performance share units financial
"Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on April 5, 2023."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
vesting financial
"issued upon the vesting of performance share units granted on April 5, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
withheld for payment of taxes financial
"Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units..."
grant, award, or other acquisition financial
"transaction code "A" described as Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction action identified as tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Murray Neil D

(Last)(First)(Middle)
200 E. RANDOLPH DRIVE

(Street)
CHICAGO ILLINOIS 60601

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
JONES LANG LASALLE INC [ JLL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CEO, Real Estate Mgmt Services
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A(1)12,957A$038,107D
Common Stock03/31/2026F(2)5,741D$29732,366D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on April 5, 2023.
2. Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on April 5, 2023.
/s/ Alan K. Tse, attorney-in-fact for Neil D. Murray04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did JLL executive Neil D. Murray report?

Neil D. Murray reported a stock award vesting of 12,957 JLL common shares. These shares came from performance share units granted on April 5, 2023, and increased his direct equity stake in the company after netting out shares withheld for taxes.

How many JLL shares were withheld for taxes in this Form 4?

The filing shows 5,741 JLL common shares were withheld to pay taxes. The withholding occurred at $297 per share when performance share units vested and converted into common stock, reducing the number of shares Murray ultimately retained from the award.

How many JLL shares does Neil D. Murray hold after this Form 4?

After the reported transactions, Neil D. Murray directly holds 32,366 JLL common shares. This reflects the shares received from vested performance share units, net of 5,741 shares withheld to satisfy tax obligations at the time of vesting and conversion.

Was the JLL Form 4 transaction an open-market buy or sale?

The Form 4 does not show an open-market buy or sale. It records a grant or award of 12,957 shares from vested performance share units and a tax-withholding disposition of 5,741 shares, a routine compensation and tax-settlement event rather than market trading.

What type of equity award vested for JLL executive Neil D. Murray?

The equity award consisted of performance share units that vested into 12,957 JLL common shares. These units were originally granted on April 5, 2023, and converted into stock, with a portion of the resulting shares withheld to cover associated tax liabilities.
Jones Lang Lasalle Inc

NYSE:JLL

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14.26B
46.40M
Real Estate Services
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United States
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