Brennan Karen G 4

What Happened
Karen G. Brennan, JLL's CEO of Leasing Advisory, had 4,831 restricted stock units (RSUs) convert into common shares on February 15, 2026. Per the filing, 2,156 of those shares were surrendered/withheld to cover tax withholding at $289.15 per share, totaling about $623,407. The RSU conversion is reported under derivative code M and the withholding under code F.

Key Details

• Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
• RSUs converted: 4,831 shares (exercise/conversion, code M) at $0.00 per share.
• Tax withholding: 2,156 shares disposed (code F) at $289.15 per share = $623,407.
• Net shares delivered to Brennan: 4,831 − 2,156 = 2,675 shares (based on the reported vesting and withholding).
• Footnotes: F1 — RSUs convert into an equal number of common shares; F2 — these 4,831 RSUs were granted April 5, 2023 and vested Feb 15, 2026.
• Filing does not list total shares owned following these transactions in the provided data.

Context
This was a routine RSU vesting event with shares withheld for tax obligations (a common cashless/withholding mechanism), not an open-market sale or purchase. The filing shows conversion of RSUs into shares rather than a discretionary buy or sell that would signal a directional view by the insider.