Form 4: Jones Lang LaSalle Director Acquires Shares in Lieu of Cash Retainer

Director Susan M. Gore acquired 107 shares of Jones Lang LaSalle Inc. common stock in lieu of a cash retainer for the fourth quarter of fiscal year 2024.

Summary

• Susan M. Gore, a director of Jones Lang LaSalle Inc. (JLL), acquired 107 shares of JLL common stock on October 1, 2024.
• The shares were received in lieu of a cash retainer payable quarterly in advance for the fourth quarter of fiscal year 2024, as per the Non-Executive Director Compensation program.
• The price per share was $0, indicating the shares were received as compensation.
• Following the transaction, Gore directly owns 1,401 shares of JLL common stock.
• The receipt of these shares has been deferred pursuant to the Jones Lang LaSalle Inc. Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares in lieu of cash could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This type of transaction, where directors receive shares in lieu of cash compensation, is relatively common in publicly traded companies. It aligns the interests of the directors with those of the shareholders.

Comparison to Industry Standards

• Director compensation structures vary across the real estate services industry.
• Companies like CBRE and Cushman & Wakefield also utilize a mix of cash and equity-based compensation for their directors.
• The specific allocation between cash and equity often depends on the company's performance, growth strategy, and overall compensation philosophy.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It could be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates