Bloxam Richard 4
Research Summary
AI-generated summary
JLL CEO Richard Bloxam Receives Award; 6,090 Shares Withheld
What Happened
Richard Bloxam, CEO of Jones Lang LaSalle Inc. (JLL) — Capital Markets Services — had 12,957 shares issued to him on 2026-03-31 upon the vesting of performance share units (PSUs). At the same time, 6,090 of those shares were withheld to satisfy tax withholding obligations at $297.00 per share, a withholding value of $1,808,730. The issuance price of the awarded shares is reported as $0.00 (award/vesting).
Key Details
- Transaction date: 2026-03-31 (filed with the SEC on 2026-04-02; filing appears timely).
- Awarded/Acquired: 12,957 shares (code A) at $0.00 (issuance on PSU vesting).
- Tax withholding/Disposed: 6,090 shares (code F) withheld at $297.00 for a total of $1,808,730.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — shares issued upon vesting of PSUs granted April 5, 2023. F2 — withheld shares represent shares surrendered/converted to cover taxes on those vested PSUs.
- Transaction type: vesting of performance awards with shares withheld for taxes (not an open-market sale).
Context
This was a compensation-related vesting event (PSUs converting into common stock). Withholding shares to cover taxes is a common administrative action and should not be read as a discretionary market sale by the insider. This is not an options exercise for immediate sale; it is the conversion/vesting of PSUs with tax withholding.