STOCK TITAN

JLL (NYSE: JLL) exec Karen Brennan receives stock award with tax withholding

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

Rhea-AI Filing Summary

JONES LANG LASALLE INC executive Karen G Brennan reported equity compensation activity involving company common stock. She acquired 10,796 shares of common stock at no cost upon the vesting of performance share units originally granted on April 5, 2023. To cover related tax obligations, 4,783 shares were withheld at a price of $297.00 per share. Following these transactions, she directly holds 27,048 shares of JLL common stock.

Positive

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Negative

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Insider Brennan Karen G
Role CEO Leasing Advisory
Type Security Shares Price Value
Grant/Award Common Stock 10,796 $0.00 --
Tax Withholding Common Stock 4,783 $297.00 $1.42M
Holdings After Transaction: Common Stock — 31,831 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.
Stock award 10,796 shares Common stock issued upon vesting of performance share units granted April 5, 2023
Shares withheld for taxes 4,783 shares at $297.00 Common stock withheld to pay taxes on vesting of performance share units
Shares owned after transactions 27,048 shares Direct JLL common stock ownership following reported Form 4 transactions
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
"Represents shares of the Issuer's common stock 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."
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*
Brennan Karen G

(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 Leasing Advisory
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)10,796A$031,831D
Common Stock03/31/2026F(2)4,783D$29727,048D
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 Karen G. Brennan04/02/2026
** 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's Karen G Brennan report on this Form 4?

Karen G Brennan reported a stock award and related tax withholding. She received 10,796 JLL common shares from vested performance share units granted April 5, 2023, and had 4,783 shares withheld at $297.00 per share to satisfy associated tax obligations.

How many JLL shares were granted to Karen G Brennan in the reported transaction?

She was granted 10,796 shares of JLL common stock at no cost. These shares were issued upon vesting of performance share units that had been granted on April 5, 2023, converting the vested units directly into common shares in her name.

Why were some of Karen G Brennan's JLL shares withheld in this filing?

4,783 JLL shares were withheld to pay taxes on the vesting of performance share units. Instead of paying cash, a portion of the newly issued shares was retained by the company at $297.00 per share to cover the tax liability on the award.

What is Karen G Brennan’s JLL share ownership after these Form 4 transactions?

After the award and associated tax withholding, Karen G Brennan directly owns 27,048 JLL common shares. This figure reflects her post-transaction position as reported in the Form 4 and shows her remaining equity stake following the compensation-related activity.

Were Karen G Brennan’s JLL Form 4 transactions open-market buys or sells?

No, they were not open-market trades. The filing shows a grant of 10,796 shares from vested performance share units and a tax-withholding disposition of 4,783 shares at $297.00 per share, both tied to compensation and tax obligations rather than discretionary market purchases or sales.

What are performance share units in the context of JLL's Form 4 for Karen G Brennan?

Performance share units are equity awards that convert into shares if performance conditions are met. In this case, units granted on April 5, 2023 vested, resulting in the issuance of 10,796 JLL common shares to Karen G Brennan, with some shares withheld for taxes.
Jones Lang Lasalle Inc

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