LINDGREN DOUGLAS A 4

What Happened

• Douglas A. Lindgren, a director of JLL Income Property Trust, acquired a total of 145.202 economic shares on June 23, 2026. He received 114.273 shares through the company's Distribution Reinvestment Plan (DRIP) at $11.24 each (value $1,284) and was credited with 30.929 deferred stock units (DSUs) valued at $11.26 each (economic value $348). These transactions are acquisitions, not sales.

Key Details

• Transaction date(s): June 23, 2026.
• Trades reported:
  • 114.273 shares acquired via DRIP @ $11.24 — $1,284 total (F1).
  • 30.929 DSUs credited @ $11.26 — $348 total (derivative; F2).
• Filing date: June 25, 2026 (appears to be filed within the standard two-business-day Form 4 window).
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: Shares from the Jones Lang LaSalle Income Property Trust Amended and Restated Distribution Reinvestment Plan.
  • F2: Each DSU is economically equivalent to one share of Class I common stock.
  • F3: DSUs under the Independent Directors Compensation Plan are payable on separation, a specified date, or a change in control.

Context

• These were not open-market purchases but plan-driven acquisitions: a dividend reinvestment (automatic purchase using distributions) and crediting of DSUs (a deferred compensation vehicle). Such transactions are often routine compensation or dividend-related events rather than direct expressions of a director’s near-term market view.