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

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

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.

Positive

  • None.

Negative

  • None.
Insider Shah Mihir
Role CEO, JLL Technologies
Type Security Shares Price Value
Exercise Restricted Stock Units 3,724 $0.00 --
Exercise Restricted Stock Units 6,183 $0.00 --
Exercise Common Stock 3,724 $0.00 --
Tax Withholding Common Stock 1,972 $289.15 $570K
Exercise Common Stock 6,183 $0.00 --
Tax Withholding Common Stock 3,290 $289.15 $951K
Holdings After Transaction: Restricted Stock Units — 7,451 shares (Direct); Common Stock — 47,187 shares (Direct)
Footnotes (1)
  1. Restricted stock units convert into an equal number of shares of common stock. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
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 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.
* 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.

Source: View Original Filing on SEC EDGAR

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.