JLL Form 4: Director Susan Gore Acquires 48 Shares via Deferral

Susan M. Gore, a director of Jones Lang LaSalle Inc. (JLL), reported a non-derivative acquisition on 10/01/2025 of 48 shares of JLL common stock at a price of $0.

Rhea-AI Filing Summary

Susan M. Gore, a director of Jones Lang LaSalle Inc. (JLL), reported a non-derivative acquisition on 10/01/2025 of 48 shares of JLL common stock at a price of $0. These shares were elected in lieu of the fourth-quarter 2025 annual cash retainer under the non-executive director compensation program and have been deferred under the companys Deferred Compensation Plan. Following this transaction, Ms. Gore beneficially owns 2,549 shares directly. The Form 4 was signed on behalf of Ms. Gore by an attorney-in-fact.

Positive

• Director elected equity compensation in lieu of cash, which can align management and shareholder interests
• Transaction and post-transaction ownership are clearly disclosed, meeting Section 16 reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director deferral of retainer into stock; small share amount and immaterial to company valuation.

The reported acquisition is a standard compensation deferral by a non-executive director into company stock rather than cash. The number of shares acquired (48) and total direct beneficial ownership (2,549 shares) are small relative to a public REIT-sized issuer like JLL and are unlikely to affect market perception or ownership control. The $0 price reflects an election to receive shares in lieu of cash under the firms compensation plan and not a market purchase, as explicitly stated in the filing.

Corporate Governance Expert

TL;DR: Governance practice of deferring retainer into equity is common and aligns director and shareholder interests, transaction appears procedural.

This Form 4 documents a routine governance-decided compensation election and subsequent deferral under JLLs Deferred Compensation Plan. The filing discloses direct beneficial ownership post-transaction and was executed by an attorney-in-fact, consistent with common administrative practice for insider reporting. There are no indications of unusual timing, related-party transactions, or material insider trading activity in the filing.

Insider Trade Summary

Grant/Award: 48 shares

Grant/Award 1 txn

Insider Gore Susan M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	48	$0.00	$0.00

Holdings After Transaction: Common Stock — 2,549 shares (Direct)

Footnotes (1)

1. F1. Represents shares elected to receive in lieu of annual cash retainer payable quarterly in advance for the fourth quarter of the fiscal year 2025, in accordance with prior election under the non-executive director compensation program. The receipt of these shares has been deferred pursuant to the Jones Lang LaSalle Inc Deferred Compensation Plan.

FAQ

What did Susan M. Gore report on Form 4 for JLL?

The Form 4 reports a non-derivative acquisition of 48 shares on 10/01/2025 elected in lieu of the fourth-quarter 2025 cash retainer.

How many JLL shares does Susan M. Gore own after the transaction?

Following the reported transaction Ms. Gore beneficially owns 2,549 shares directly.

Why is the price listed as $0 on the Form 4?

The filing states the shares were received in lieu of a cash retainer and deferred under the Deferred Compensation Plan, so no cash price is reported.

When was the Form 4 transaction dated and filed?

The transaction date shown on the Form 4 is 10/01/2025, and the signature line is dated the same day.

Was the Form 4 signed by the reporting person?

The Form 4 was signed by Alan Tse, attorney-in-fact on behalf of Susan M. Gore, per the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/01/2025 - 09:10 AM Learn about SEC filing 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

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).

1. Name and Address of Reporting Person^*

Gore Susan M.

(Last) (First) (Middle)

200 E. RANDOLPH DRIVE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A(1)		48	A	$0	2,549	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

Explanation of Responses:

1. Represents shares elected to receive in lieu of annual cash retainer payable quarterly in advance for the fourth quarter of the fiscal year 2025, in accordance with prior election under the non-executive director compensation program. The receipt of these shares has been deferred pursuant to the Jones Lang LaSalle Inc Deferred Compensation Plan.

	/s/ Alan Tse, attorney-in-fact for Susan M. Gore	10/01/2025
	** 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.
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