Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 47

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 47
---
 of the role, in addition to the peer group data above, we use several hierarchical and role comparisons from publicly disclosed

information related to other technology companies. Accordingly, we take an internal equity approach, anchored on data for our JLL CEO, JLL CFO and CEO Real Estate Management Services, all of which we do believe correlate well. After the internal equity comparison, we then look at the external market data and hierarchical comparisons to review from an external equity perspective.

2024 Base salary decisions

We review base salaries for all of our NEOs on an annual basis, as well as at the time of a promotion or other change in responsibilities. In 2024, we made the below salary adjustments to stay competitive, retain our executives, and motivate them to

support our clients and shareholders. This was the only change since they started their current positions. While we plan salaries in U.S. dollars, we pay them in local currencies.

| Name                 |     |            | 2024 Base Salary |     |            | 2023 Base Salary |
| Christian Ulbrich(1) |     | $1,000,000 |                  |     | $1,032,158 |                  |
| Richard Bloxam(2)    |     |   $616,092 |                  |     |   $504,353 |                  |
| Karen Brennan        |     |   $600,000 |                  |     |   $500,000 |                  |
| Neil Murray          |     |   $600,000 |                  |     |   $500,000 |                  |
| Mihir Shah           |     |   $600,000 |                  |     |   $500,000 |                  |
| Yishai Lerner        |     |   $600,000 |                  |     |   $500,000 |                  |

(1) The year over year change in Mr. Ulbrich’s base salary reflects the difference in applicable exchange rate rather than a change in base salary in local currency.

(2) The year over year change in Mr. Bloxam’s base salary reflects the salary adjustment referenced above and the difference in applicable exchange rate.

2024 Annual Incentive Plan

Our AIP structure is designed to align our executives’ compensation with JLL’s enterprise performance, reward executives for their individual performance, and reward performance against strategic leadership goals.

The Compensation Committee establishes target AIP awards for each NEO based on extensive external and internal equity considerations as noted above. For 202