4/A: Jones Lang LaSalle Executive Amends SEC Filing to Correct Stock Transaction Details
SEC Form 4 Amendment
A Jones Lang LaSalle executive amended a previous SEC filing to correct the number of shares involved in a stock transaction related to performance share units.
Summary
- Andrew W. Poppink, a CEO at Jones Lang LaSalle, amended a previous SEC Form 4 filing to correct details of a stock transaction.
- The amendment addresses a clerical error in the number of shares issued upon the vesting of performance share units granted on April 5, 2021.
- The number of shares issued was increased by 49 due to the correction.
- The amendment also corrects the number of shares withheld for tax payments upon vesting, increasing that number by 24.
- The corrected filing shows a total of 4,063 shares acquired and 1,971 shares disposed of on March 31, 2024.
Sentiment
Score: 7
Explanation: The document is a routine correction of a clerical error in an SEC filing. It does not indicate any significant positive or negative news, but the correction demonstrates attention to detail and compliance.
Industry Context
This type of filing is standard for executives of publicly traded companies and is required to disclose changes in beneficial ownership of company stock. It is a routine part of corporate governance and transparency.
Comparison to Industry Standards
- Similar filings are common across all publicly traded companies, including real estate services firms like CBRE and Cushman & Wakefield.
- The nature of the transaction, involving vesting of performance share units and subsequent tax withholding, is a standard practice in executive compensation.
- The correction of clerical errors is not uncommon in these filings, and the amendment process is a standard procedure.
Stakeholder Impact
- The correction of the filing ensures transparency and accuracy for shareholders.
- The impact on employees is minimal as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/05/2021 | Date of grant for the performance share units that are the subject of the amended filing. |
| 03/31/2024 | Date of the stock transaction being corrected. |
| 04/02/2024 | Date of the original filing that was amended. |
| 11/13/2024 | Date of the amended filing. |
Keywords
SEC Filing, Form 4, Stock Transaction, Performance Share Units, Clerical Error, Jones Lang LaSalle, JLL, Andrew W. Poppink, Share Vesting
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