JLL Income Property Trust Director Mark A. Denien Receives 31 Shares

What Happened
Mark A. Denien, a director of JLL Income Property Trust, acquired 31.073 derivative shares (DSUs) on July 24, 2026. The filing reports an acquisition price of $11.26 per share for a total economic value of approximately $350. This was an award/other acquisition (derivative) rather than an open‑market purchase.

Key Details

• Transaction date: July 24, 2026; Filing date: July 28, 2026.
• Amount: 31.073 shares at $11.26 each; total value ≈ $350.
• Instrument: DSUs (deferred stock units) — treated as derivative shares in the Form 4.
• Footnotes: F1 — each DSU equals one share economically; F2 — shares acquired pursuant to the Distribution Reinvestment Plan (DRIP) on July 24, 2026; F3 — DSUs credited under the Independent Directors Compensation Plan are payable on separation, a specified date, or upon a change in control.
• Shares owned after the transaction: not reported in the provided filing.

Context
These DSUs are non‑cash compensation/deferral instruments, not an immediate cash purchase of stock. Such acquisitions are typically routine director compensation or dividend reinvestment activity and do not by themselves indicate the director’s near‑term trading intentions. The DSUs generally convert to cash or stock at a later payout event (separation, set date, or change in control).