LINDGREN DOUGLAS A 4

What Happened

• Douglas A. Lindgren, a director of JLL Income Property Trust, acquired a total of 144.01 economic shares on April 23, 2026. He received 113.313 actual shares at $11.23 each (total $1,273) under the company’s Distribution Reinvestment Plan, and 30.697 derivative shares (DSUs) at $11.24 each (total $345) credited under the Independent Directors Compensation Plan.
• These are acquisitions (not sales) and are routine: one is a dividend reinvestment plan purchase, the other is compensation paid as deferred stock units rather than immediate transferable shares.

Key Details

• Transaction dates and prices:
  • Apr 23, 2026 — 113.313 shares @ $11.23 (acquired) — $1,273 (F1)
  • Apr 23, 2026 — 30.697 DSUs @ $11.24 (acquired, derivative) — $345 (F2, F3)
• Total acquired: 144.01 shares; total value ≈ $1,618.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes:
  • F1: Shares from the Amended and Restated Distribution Reinvestment Plan.
  • F2: Each DSU is economically equivalent to one share of Class I common stock.
  • F3: DSUs are payable upon separation, a specified date, or a change in control.
• Filing timeliness: Report filed Apr 28, 2026 for Apr 23 transactions; this appears later than the typical 2-business-day Form 4 deadline.

Context

• Dividend reinvestment plan purchases and DSU credits for directors are common, routine actions that reflect plan participation rather than active market bets. DSUs are deferred compensation and are typically settled later (not immediately tradable).