JLL (NYSE: JLL) exec Karen Brennan receives stock award with tax withholding
Filing Impact
Filing Sentiment
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
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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
Stock award: 10,796 shares
Shares withheld for taxes: 4,783 shares at $297.00
Shares owned after transactions: 27,048 shares
3 metrics
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
Key Terms
performance share units, vesting, withheld for payment of taxes
3 terms
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."
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.
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.