Form 4: JLL Executive Mihir Shah Reports Stock Transactions Following Vesting of Performance Share Units
SEC Form 4
Mihir Shah, Co-CEO of JLL Technologies, reports acquisition and disposal of JLL common stock related to vesting of performance share units.
Summary
- On March 31, 2024, Mihir Shah, Co-CEO of JLL Technologies, acquired 9,222 shares of JLL common stock upon the vesting of performance share units.
- The shares were acquired at a price of $0.
- On the same day, Shah disposed of 4,675 shares of JLL common stock at a price of $195.09 per share to cover tax obligations related to the vesting.
- Following these transactions, Shah directly owns 40,769 shares of JLL common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Jones Lang LaSalle Inc.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Date of grant for the performance share units that vested. |
| 03/31/2024 | Date of stock acquisition and disposal. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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