JLL (JLL) legal chief receives 4,296-share award, 1,904 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jones Lang LaSalle’s Chief Legal Officer Alan K. Tse reported routine equity compensation activity. He received 4,296 shares of common stock as performance share units granted on April 5, 2023 vested and converted into shares. To cover related taxes, 1,904 shares were withheld at $297 per share in a tax-withholding disposition. After these transactions, Tse directly holds 18,105 shares of common stock, reflecting ongoing stock-based compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tse Alan K
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,296 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,904 | $297.00 | $565K |
Holdings After Transaction:
Common Stock — 20,009 shares (Direct)
Footnotes (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.
Key Figures
Shares acquired from vesting: 4,296 shares
Shares withheld for taxes: 1,904 shares
Tax withholding price: $297 per share
+1 more
4 metrics
Shares acquired from vesting
4,296 shares
Performance share units vested and converted into common stock granted April 5, 2023
Shares withheld for taxes
1,904 shares
Withheld upon vesting of performance share units to pay tax liability
Tax withholding price
$297 per share
Price applied to 1,904 shares withheld for tax obligations
Shares owned after transactions
18,105 shares
Direct holdings of JLL common stock following Form 4 transactions
Key Terms
performance share units, tax-withholding disposition, vesting, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,904 shares at $297 per share"
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.
vesting financial
"shares of the Issuer's common stock issued upon the vesting of performance share units"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) reporting Alan K. Tse's transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did JLL Chief Legal Officer Alan Tse report?
Alan K. Tse reported routine equity compensation activity. He received 4,296 shares of Jones Lang LaSalle common stock from vesting performance share units, and 1,904 shares were withheld to pay taxes. These are not open-market purchases or sales, but standard compensation-related movements.
Were Alan Tse’s JLL transactions open-market buys or sells?
The reported transactions were not open-market trades. One was an acquisition of 4,296 shares from vesting performance share units, and the other was a tax-withholding disposition of 1,904 shares to cover taxes, a routine compensation-related event rather than discretionary trading.