Form 4: JLL Technologies CEO Mihir Shah Receives Stock Grants
SEC Form 4 Filing
Mihir Shah, CEO of JLL Technologies, was granted 18,625 restricted stock units on December 10, 2024, with varying vesting schedules.
Summary
- Mihir Shah, the CEO of JLL Technologies, received a grant of restricted stock units on December 10, 2024.
- The grant includes 11,175 restricted stock units that vest in three equal installments on February 15, 2026, February 15, 2027, and February 15, 2028.
- An additional 7,450 restricted stock units were granted, vesting fully on February 15, 2028.
- Each restricted stock unit converts into one share of JLL common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.
Positives
- The stock grants align the CEO's interests with the long-term performance of the company.
- The vesting schedule encourages continued service and contribution from the CEO.
Industry Context
Stock grants are a common form of executive compensation in the technology and real estate services industries, aligning management interests with shareholder value.
Comparison to Industry Standards
- Stock grants are a standard practice for executive compensation across various industries, including technology and real estate services.
- Companies like CBRE and Cushman & Wakefield also use stock-based compensation to incentivize their executives.
- The vesting schedules are typical, with multi-year vesting periods to encourage long-term commitment.
Stakeholder Impact
- Shareholders may view the stock grants positively as they align management's interests with the company's long-term performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 12/10/2024 | Date of the restricted stock unit grant. |
| 02/15/2026 | First vesting date for 1/3 of the 11,175 restricted stock units. |
| 02/15/2027 | Second vesting date for 1/3 of the 11,175 restricted stock units. |
| 02/15/2028 | Final vesting date for 1/3 of the 11,175 restricted stock units and full vesting date for the 7,450 restricted stock units. |
Keywords
restricted stock units, stock grant, Mihir Shah, JLL Technologies, equity compensation, vesting, CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.