JLL (JLL) unit CEO nets new shares after performance award vests
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JONES LANG LASALLE INC executive Neil D. Murray, CEO of Real Estate Management Services, received 12,957 shares of common stock upon vesting of performance share units granted on April 5, 2023. Of these, 5,741 shares were withheld at $297 per share to cover taxes, leaving him with 32,366 shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Murray Neil D
Role
CEO, Real Estate Mgmt Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,957 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,741 | $297.00 | $1.71M |
Holdings After Transaction:
Common Stock — 38,107 shares (Direct)
Footnotes (1)
- Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on April 5, 2023. Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on April 5, 2023.
Key Figures
Shares granted on vesting: 12,957 shares
Shares withheld for taxes: 5,741 shares
Tax withholding price: $297 per share
+2 more
5 metrics
Shares granted on vesting
12,957 shares
Common stock from performance share units granted April 5, 2023
Shares withheld for taxes
5,741 shares
Withheld at $297 per share on vesting
Tax withholding price
$297 per share
Price used for shares withheld to pay taxes
Shares held after transactions
32,366 shares
Direct JLL common stock ownership after Form 4 events
Net shares retained from award
7,216 shares
Award shares (12,957) minus tax-withheld shares (5,741)
Key Terms
performance share units, vesting, withheld for payment of taxes, grant, award, or other acquisition, +1 more
5 terms
vesting financial
"issued upon the vesting of performance share units granted on April 5, 2023."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
withheld for payment of taxes financial
"Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units..."
grant, award, or other acquisition financial
"transaction code "A" described as Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction action identified as tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did JLL executive Neil D. Murray report?
Neil D. Murray reported a stock award vesting of 12,957 JLL common shares. These shares came from performance share units granted on April 5, 2023, and increased his direct equity stake in the company after netting out shares withheld for taxes.
Was the JLL Form 4 transaction an open-market buy or sale?
The Form 4 does not show an open-market buy or sale. It records a grant or award of 12,957 shares from vested performance share units and a tax-withholding disposition of 5,741 shares, a routine compensation and tax-settlement event rather than market trading.
What type of equity award vested for JLL executive Neil D. Murray?
The equity award consisted of performance share units that vested into 12,957 JLL common shares. These units were originally granted on April 5, 2023, and converted into stock, with a portion of the resulting shares withheld to cover associated tax liabilities.