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

Director Efrain Rivera of Jones Lang LaSalle Inc. acquired 107 shares of common stock on October 1, 2024, in lieu of a cash retainer.

Summary

• On October 1, 2024, Efrain Rivera, a director of Jones Lang LaSalle Inc. (JLL), acquired 107 shares of JLL common stock.
• The shares were received in lieu of a cash retainer payable quarterly in advance for the fourth quarter of fiscal year 2024.
• This was done in accordance with a prior election under the Non-Executive Director Compensation program.
• The receipt of these shares has been deferred pursuant to the Jones Lang LaSalle Inc. Deferred Compensation Plan.
• Following the transaction, Rivera beneficially owns 5,936 shares of JLL common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is taking shares in lieu of cash, which could be interpreted as a sign of confidence in the company. However, it's a routine transaction related to compensation.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing reflects standard compensation practices for non-executive directors, where equity-based compensation is often used to align director interests with those of shareholders. It is common for companies to offer directors the option to receive shares in lieu of cash retainers.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies.
• The amount of equity granted to directors varies based on company size, industry, and individual director roles and responsibilities.
• Many companies, such as CBRE Group and Cushman & Wakefield, also utilize equity-based compensation for their board members to align their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates