Howe Kelly Campbell 4

What Happened Kelly Howe Campbell, Chief Financial Officer of Jones Lang LaSalle Inc. (JLL), had a total of 2,284 restricted stock units (RSUs) convert into common shares on February 15, 2026. Of those, 1,029 shares were withheld to cover tax withholding obligations at a withholding price of $289.15 per share (total withheld value ≈ $297,536). The conversion resulted in a net issuance of approximately 1,255 shares to the reporting person (net value ≈ $362,883 at $289.15/share). These transactions reflect scheduled vesting and tax withholding (routine, not an open-market sale).

Key Details

• Transaction date: February 15, 2026 (reported on Form 4 filed Feb 18, 2026).
• Actions reported: M = conversion/exercise of derivative (RSU conversion); F = shares withheld/retired to satisfy tax withholding.
• Shares converted (acquired): 2,284 RSUs (1,238 + 130 + 916).
• Shares withheld for taxes (disposed): 1,029 shares (565 + 58 + 406) at $289.15 per share; total withheld value ≈ $297,536.
• Net shares issued to insider: ~1,255 shares (2,284 converted − 1,029 withheld), net value ≈ $362,883 at the $289.15 price used for withholding.
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnotes: RSUs convert into equal number of common shares (F1). The vested RSUs came from prior grants: 3,714 RSUs granted Apr 5, 2024 (vesting in thirds Feb 15, 2025/2026/2027) and two 2025 grants (393 RSUs and 2,750 RSUs, each vesting in thirds starting Feb 15, 2026) (F2–F4).
• Filing timeliness: Filed Feb 18, 2026 for Feb 15, 2026 transactions (no late‑filing flag indicated).

Context

• This was a routine vesting/conversion of RSUs with shares withheld to satisfy tax obligations (a common, administrative occurrence), not an open‑market sale or purchase signaling a trading decision.
• Transaction codes: M indicates exercise/conversion of a derivative (here, RSU conversion); F indicates the disposition of shares to cover tax withholdings.