Ulbrich Christian 4

What Happened

• Christian Ulbrich, CEO & President and a director of Jones Lang LaSalle Inc. (JLL), had 20,932 restricted stock units (RSUs) vest and convert into 20,932 shares on Feb 15, 2026.
• To satisfy tax withholding, 10,499 of those shares were disposed at $289.15 per share, yielding approximately $3,035,786. The remaining shares were retained. This is a routine withholding/sale to cover taxes rather than a directional market bet.

Key Details

• Transaction date: February 15, 2026 (Form filed February 18, 2026).
• Conversion/acquisition: 20,932 RSUs converted into 20,932 common shares (derivative code M) at $0.00 basis.
• Tax withholding/disposition: 10,499 shares disposed (code F) at $289.15 per share for total proceeds of ~$3,035,786.
• Footnotes: F1 confirms RSUs convert into an equal number of shares; F2 shows these 20,932 RSUs were granted April 5, 2023 and vested Feb 15, 2026.
• Post-transaction holdings: The filing did not state total shares owned after the transaction.
• Filing timing: The Form 4 was filed three days after the Feb 15 transaction (Feb 18). Form 4s are generally required within two business days, so this filing may reflect a short delay.

Context

• This was not an open-market purchase or a discretionary sale for cash gain; it was the automatic conversion of vested RSUs with a portion surrendered/sold to satisfy tax liabilities (a common, routine insider event).
• Transaction codes: M = exercise/conversion of derivative security (RSU conversion to shares); F = payment of exercise price or tax liability (shares withheld/sold to cover taxes).