JLL (NYSE: JLL) tech CEO Mihir Shah records share vesting and tax withholding

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

JONES LANG LASALLE INC reported that Mihir Shah, CEO of JLL Technologies, received an award of 13,821 shares of common stock on vesting of previously granted performance share units. To cover related tax obligations, 7,319 shares were withheld at a price of $297 per share, leaving him with 54,610 directly owned shares after these transactions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Shah Mihir

Role CEO, JLL Technologies

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,821	$0.00	--
Tax Withholding	Common Stock	7,319	$297.00	$2.17M

Holdings After Transaction: Common Stock — 61,929 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 granted on vesting: 13,821 shares Shares withheld for taxes: 7,319 shares Holding after transactions: 54,610 shares +1 more

4 metrics

Shares granted on vesting 13,821 shares Common stock from vested performance share units

Shares withheld for taxes 7,319 shares Withheld at $297 per share for tax obligations

Holding after transactions 54,610 shares Direct JLL common stock owned after grant and withholding

Tax-withholding price $297 per share Price used for 7,319 withheld JLL shares

Key Terms

performance share units, tax-withholding disposition, grant, award, or other acquisition, vesting

4 terms

tax-withholding disposition financial

"transaction_action": "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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 01:00 PM

SEC Form 4

FORM 4

UNITED 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^*

Shah Mihir

(Last)

(First)

(Middle)

200 E. RANDOLPH

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO, JLL Technologies

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A⁽¹⁾		13,821	A	$0	61,929	D
Common Stock	03/31/2026		F⁽²⁾		7,319	D	$297	54,610	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Mihir Shah	04/02/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did JLL CEO Mihir Shah report on this Form 4 for JLL?

Mihir Shah reported receiving 13,821 JLL common shares from vesting performance share units and a related tax-withholding disposition of 7,319 shares. After these compensation-related entries, he directly owned 54,610 JLL shares according to the filing’s reported holdings.

Were Mihir Shah’s JLL Form 4 transactions open-market buys or sells for JLL stock?

The transactions were not open-market trades. Shah received 13,821 JLL shares as a grant from vesting performance share units, and 7,319 shares were withheld to pay taxes. These are compensation and tax-withholding events, not discretionary market purchases or sales.

How many JLL shares did Mihir Shah hold after the reported Form 4 transactions?

After the reported grant and tax withholding, Mihir Shah directly held 54,610 shares of JLL common stock. This figure reflects his updated ownership following the vesting of performance share units and the withholding of shares to satisfy associated tax obligations.

What does the tax-withholding disposition on Mihir Shah’s JLL Form 4 mean for investors?

The tax-withholding disposition shows 7,319 JLL shares were withheld at $297 per share to cover taxes on vested units. This mechanism is a standard way to satisfy tax liabilities on equity awards and does not represent a discretionary open-market sale by the executive.

What equity award vested for Mihir Shah according to this JLL Form 4 filing?

The filing indicates that performance share units granted on April 5, 2023 vested into 13,821 JLL common shares. These vested shares increased Mihir Shah’s direct holdings and reflect the settlement of a prior performance-based equity award granted by the company.

Does this JLL Form 4 suggest any change in Mihir Shah’s derivative positions?

The derivative section in the provided data is empty, indicating no remaining derivative positions, such as options or similar instruments, were reported in this filing. The transactions relate to vested performance share units that converted into JLL common stock and associated tax withholding.