Form 4: Matthew Carter Jr. Executes Stock Option, Discloses Holdings in Jones Lang LaSalle Inc.
SEC Form 4 Filing
Director Matthew Carter Jr. reports a transaction involving restricted stock units converting into common stock of Jones Lang LaSalle Inc.
Summary
- On May 28, 2024, Matthew Carter Jr., a director of Jones Lang LaSalle Inc. (JLL), executed a transaction involving restricted stock units.
- 375 restricted stock units were converted into 375 shares of JLL common stock.
- The price per share for the conversion was $0.
- Following the transaction, Carter directly owns 6,306 shares of JLL common stock.
- The restricted stock units stemmed from a grant on May 28, 2021, where 750 units were awarded, vesting in two equal installments on November 28, 2022, and May 28, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
- It has a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/28/2021 | Reporting Person was granted 750.00 restricted stock units |
| 11/28/2022 | First vesting date for half of the restricted stock units granted on May 28, 2021 |
| 05/28/2024 | Date of transaction: conversion of 375 restricted stock units into common stock and second vesting date for half of the restricted stock units granted on May 28, 2021 |
| 05/30/2024 | Date of signature for the Form 4 filing |
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