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JONES LANG LASALLE INC·4

Apr 2, 1:03 PM ET

Ulbrich Christian 4

Research Summary

AI-generated summary

Updated

JLL CEO Christian Ulbrich Receives Award; 23,491 Shares Withheld

What Happened

Christian Ulbrich, CEO & President and a director of Jones Lang LaSalle Inc. (JLL), had performance share units vest on 2026-03-31 that converted into 46,791 shares of JLL common stock (awarded at $0.00). To satisfy tax withholding obligations on the vesting, 23,491 of those shares were withheld/disposed at $297.00 per share, for a withholding value of $6,976,827.

Key Details

  • Transaction dates: 2026-03-31 (vesting/award and tax withholding); Form 4 filed 2026-04-02.
  • Awards: 46,791 shares issued upon vesting (code A, acquisition at $0.00).
  • Tax withholding: 23,491 shares withheld/disposed (code F) at $297.00/share = $6,976,827.
  • Shares owned after the transaction: not provided in the supplied filing details.
  • Footnotes: F1 — shares issued upon vesting of performance share units granted 2023-04-05. F2 — number of shares withheld to pay taxes upon vesting and conversion of those PSUs.
  • Filing timeliness: Form 4 was filed 2026-04-02; no late-filing flag indicated in the provided data.

Context

This was not an open-market sale but the routine conversion/vesting of performance share units and the standard withholding of a portion of the vested shares to cover taxes (a common cashless/tax-payment mechanism). Transaction codes: A = Award/Grant (vesting), F = Tax withholding. Such withholdings are administrative and do not by themselves indicate a deliberate sale of shares by the insider.