Form 4: Jones Lang LaSalle Inc. Executive Alan K. Tse Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alan K. Tse, Global Chief Legal Officer of Jones Lang LaSalle Inc., reports transactions involving common stock and restricted stock units on February 15, 2025.
Summary
- On February 15, 2025, Alan K. Tse, Global Chief Legal Officer of Jones Lang LaSalle Inc., reported changes in beneficial ownership.
- These changes involve transactions in common stock and restricted stock units.
- Specifically, Tse acquired 2,176 shares of common stock through the conversion of restricted stock units and another 1,432 shares through the conversion of restricted stock units.
- Tse also disposed of 983 shares of common stock to cover tax obligations at a price of $282.69 per share and another 635 shares of common stock to cover tax obligations at a price of $282.69 per share.
- Following these transactions, Tse directly owns 12,624 shares of common stock and 2,865 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like Jones Lang LaSalle. It provides transparency into the trading activities of the company's executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- Similar filings are made by executives at comparable companies like CBRE Group and Cushman & Wakefield, reflecting their transactions in company stock.
- The details disclosed, such as the number of shares, transaction prices, and vesting schedules, are consistent with regulatory requirements and industry norms for transparency.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- It assures stakeholders that executives' actions are being monitored and disclosed in accordance with regulations.
Key Dates
| Date | Description |
|---|---|
| 04/05/2022 | Reporting Person was granted 2,176.00 restricted stock units vesting with respect to all shares on February 15, 2025. |
| 04/05/2024 | Reporting Person was granted 4,297.00 restricted stock units vesting with respect to one-third of the shares on each of February 15, 2025, February 15, 2026 and February 15, 2027. |
| 02/15/2025 | Date of earliest transaction; conversion of restricted stock units and disposition of shares for tax obligations. |
| 02/19/2025 | Date of Form 4 filing. |
Keywords
beneficial ownership, Form 4, JLL, Jones Lang LaSalle, Alan K. Tse, restricted stock units, common stock, insider trading
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