Denien Mark A 4

What Happened

• Mark A. Denien, a director of JLL Income Property Trust, was credited with 6,571.936 Deferred Stock Units (DSUs) on 2026-03-31. The filing values the award at $11.26 per unit, totaling $74,000. This was recorded as a derivative acquisition (transaction code J) under the company’s independent directors compensation plan.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (appears timely).
• Units/amount: 6,571.936 DSUs at $11.26 each; total reported value $74,000.
• Securities type: DSUs (derivative) — economically equivalent to one share of Class I common stock each.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 confirms the DSUs were granted under the Amended and Restated Independent Directors Compensation Plan; F2 notes DSUs are payable on separation from service, a specified date, or upon a change in control.
• Transaction code: J indicates an “other acquisition” of derivative securities (not an open-market purchase).

Context

• DSUs are deferred compensation: they track the economic value of shares but are generally not immediately deliverable or tradable. Payout occurs later per plan terms (separation, specified date, or change in control), so this is an award/compensation event rather than a market purchase or sale indicating near-term trading intent.