Hawke Benjamin G. 4
Research Summary
AI-generated summary
JLL Chief Accounting Officer Benjamin Hawke Exercises RSUs
What Happened Benjamin G. Hawke, Chief Accounting Officer of Jones Lang LaSalle Inc. (JLL), had restricted stock units (RSUs) convert into common shares on February 15, 2026. A total of 1,078 shares were issued on conversion. To satisfy tax withholding obligations, 341 of those shares were surrendered at a reported value of $289.15 per share, resulting in $98,600 withheld; the net shares delivered to Mr. Hawke were 737.
This activity reflects RSU vesting/conversion (transaction code M for conversion/exercise and F for payment of tax liability) rather than an open-market sale or purchase.
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 18, 2026.
- RSUs converted (acquired): 1,078 shares (99 + 16 + 488 + 248 + 44 + 183).
- Shares withheld for taxes (disposed under F): 341 shares (35 + 6 + 160 + 73 + 13 + 54) at $289.15/share = $98,600 total.
- Net shares received by insider: 737 shares.
- Relevant footnotes: F1 confirms RSUs convert into an equal number of common shares; F2–F7 show the original RSU grants and vesting schedules (grants from April 5, 2023; April 5, 2024; and April 4, 2025) that produced the vested shares on Feb 15, 2026.
- Filing timeliness: Form lists the report period as Feb 15, 2026 and was filed Feb 18, 2026. The filing does not state any late-report notation in the provided details.
Context
- These entries are a routine RSU vesting and tax-withholding transaction (M = conversion/exercise of derivative; F = payment of tax liability via share withholding). This is not an open-market sale or purchase signal.
- Withholdings to cover taxes are common and do not necessarily indicate a change in insider conviction about the stock. The filing does not disclose total post-transaction holdings, so changes to overall ownership stake cannot be determined from this report alone.