Brennan Karen G 4

What Happened

• Karen G. Brennan, a JLL (Jones Lang LaSalle Inc.) executive in Leasing Advisory, had 10,796 shares of common stock issued upon the vesting/conversion of performance share units (PSUs). The shares were issued at $0.00 per share as an award (transaction code A).
• To cover tax withholding on the vested PSUs, 4,783 shares were withheld/disposed (transaction code F) at $297.00 per share, representing $1,420,551 in value withheld to satisfy tax obligations.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely under the two-business-day rule).
• Awarded shares: 10,796 shares issued on PSU vesting (price recorded as $0.00).
• Shares withheld for taxes: 4,783 shares at $297.00 = $1,420,551 (disposition to cover tax liability).
• Footnotes: F1 — shares issued upon vesting of PSUs granted April 5, 2023; F2 — withheld shares represent tax withholding upon conversion/vesting of those PSUs.
• Shares owned after transaction: not reported in the provided filing.

Context

• This was a vesting of performance-based equity, not an open-market buy or a voluntary sale. The withheld 4,783-share disposition was to satisfy tax liabilities (a common, routine occurrence when equity awards vest).
• For retail investors: award vesting increases insider-held shares in gross terms, but tax withholding reduces the net new shares actually retained. This filing does not indicate the insider's intention to buy or sell shares on the open market.