Denien Mark A 4

What Happened

• Mark A. Denien, a director of JLL Income Property Trust, acquired 30.697 deferred stock units (DSUs) on April 23, 2026. The units are reported at $11.24 each for a total reported value of $345. This transaction is coded as an “other acquisition” (derivative) rather than an open‑market purchase.

Key Details

• Transaction date and price: April 23, 2026 — 30.697 DSUs at $11.24 per unit (total $345).
• Transaction type: Other acquisition (derivative) — credited DSUs rather than direct common‑stock purchase.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing date: April 28, 2026 (filed 5 days after the transaction). Form 4s are generally due within two business days; this filing appears to have been submitted late.
• Notable footnotes:
  • F1: Each DSU is economically equivalent to one share of Class I common stock.
  • F2: DSUs were credited pursuant to the company’s Amended and Restated Distribution Reinvestment Plan on April 23, 2026.
  • F3: DSUs under the Independent Directors Compensation Plan are typically payable upon separation from service, a specified date, or a change in control.

Context

• These DSUs are derivative units that track the economic value of common shares and will be payable under the director compensation plan at a later date (per F1 and F3). Because this was a compensation/DRIP credit rather than an open‑market buy or sale, it is a routine director compensation event and not a direct signal of immediate buying or selling intent.