JLL (NYSE: JLL) tech CEO exercises RSUs, withholds 5,262 shares for tax

Rhea-AI Filing Summary

JONES LANG LASALLE INC executive Mihir Shah, CEO of JLL Technologies, exercised restricted stock units into common shares. On February 15, 2026, he converted 3,724 and 6,183 restricted stock units into the same number of common shares at $0.00 exercise price per share.

To cover tax obligations, the company withheld 1,972 and 3,290 common shares at $289.15 per share as tax-withholding dispositions. After these transactions, Shah directly owned 48,108 common shares and retained unvested restricted stock units that continue to vest over future dates.

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

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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 IL 60601

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/15/2026		M		3,724	A	$0	47,187	D
Common Stock	02/15/2026		F		1,972	D	$289.15	45,215	D
Common Stock	02/15/2026		M		6,183	A	$0	51,398	D
Common Stock	02/15/2026		F		3,290	D	$289.15	48,108	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	02/15/2026		M			3,724	02/15/2026(2)	02/15/2028(2)	Common Stock	3,724	$0	7,451	D
Restricted Stock Units	$0(1)	02/15/2026		M			6,183	02/15/2026(3)	02/15/2026(3)	Common Stock	6,183	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into an equal number of shares of common stock.

2. On December 10, 2024, the Reporting Person was granted 11,175.00 restricted stock units vesting with respect to one-third of the shares on each of February 15, 2026, February 15, 2027 and February 15, 2028.

3. On April 5, 2023, the Reporting Person was granted 6,183.00 restricted stock units vesting with respect to all shares on February 15, 2026.

	/s/ Alan K. Tse, attorney-in-fact for Mihir Shah	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did JLL executive Mihir Shah report in this Form 4 filing for JLL?

Mihir Shah reported exercises of restricted stock units into JLL common shares and related share withholdings for taxes. He converted 9,907 units into shares and had 5,262 shares withheld at $289.15 per share, reflecting routine equity compensation activity.

How many JLL shares did Mihir Shah acquire through restricted stock unit exercises?

Mihir Shah acquired 9,907 JLL common shares through exercises of restricted stock units. These came from 3,724 units and 6,183 units granted under prior awards, which converted one-for-one into common stock as they vested according to their original grant terms.

How many JLL shares were withheld to cover taxes in Mihir Shah’s Form 4?

A total of 5,262 JLL common shares were withheld to cover taxes related to the vesting events. The withholding occurred in two transactions of 1,972 and 3,290 shares, both valued at $289.15 per share, classified as tax-withholding dispositions rather than open-market sales.

What is Mihir Shah’s direct JLL common stock ownership after these transactions?

Following these transactions, Mihir Shah directly owned 48,108 shares of JLL common stock. This figure reflects the new shares received from restricted stock unit conversions, net of the shares withheld by the company to satisfy associated tax liabilities on the vesting date.

What do the footnotes reveal about Mihir Shah’s JLL restricted stock units?

The footnotes explain that each restricted stock unit converts into one JLL common share. They note grants of 11,175 units on December 10, 2024 and 6,183 units on April 5, 2023, with vesting on specified February 15 dates across 2026, 2027 and 2028.