JLL Income Property Trust Director Douglas A. Lindgren Acquires Shares

What Happened

• Douglas A. Lindgren, a director of JLL Income Property Trust, acquired shares on September 23, 2026. He received 116.089 shares at $11.22 each for $1,303 via the fund's Distribution Reinvestment Plan, and was credited with 31.419 deferred stock units (DSUs) at $11.24 each valued at $353, for a combined value of $1,656. Both transactions are coded as "J" (other acquisition/disposition) on the Form 4.
• These were acquisitions (not open-market purchases) tied to dividend reinvestment and director compensation — routine, non-speculative actions that reflect plan mechanics more than direct market bets.

Key Details

• Transaction dates & prices:
  • 2026-09-23: 116.089 shares @ $11.22 = $1,303 (Distribution Reinvestment Plan) [F1]
  • 2026-09-23: 31.419 DSUs @ $11.24 = $353 (credited under Independent Directors Compensation Plan; derivative) [F2,F3]
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares were acquired pursuant to 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 per the Independent Directors Compensation Plan upon separation, a specified date, or change in control.
• Filing timeliness: Form 4 filed on 2026-09-25 for transactions dated 2026-09-23 — generally within the SEC’s two-business-day filing window.

Context

• The 31.419-unit entry is a derivative (DSU) credit tied to director compensation, not an exercised option or an immediate market sale; DSUs typically convert to cash or shares later per plan terms.
• These transactions are routine compensation and dividend-reinvestment activity for a director and therefore are less indicative of a near-term trading view than an open-market buy or sale.