Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 50

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 50
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     | $2,699,520 |                |     | 100 | %          |     | $2,699,520 |                      |

Mr. Lerner underwent a termination of employment in October 2024, and as such, was not entitled to receive an AIP bonus for 2024. We provide additional information about the cash payments under the AIP to our NEOs below in the 2024 Summary Compensation Table under the column “Non-Equity Incentive Plan Compensation.”

2024 GEB Long-Term Incentive Plan

JLL has a long-term incentive plan for members of our GEB ( GEB LTIP ). The GEB LTIP is designed to align executives’ interests with the interests of our shareholders, align executives’ compensation with JLL’s enterprise performance, and reward performance against JLL’s long-term strategic goals. The GEB LTIP provides for annual awards of performance share units ( PSUs ) that cliff vest at the end of three years, subject to achievement of performance against predefined metrics. In addition, the GEB LTIP provides for annual awards of restricted stock units ( RSUs ) that cliff vest at the end of three years.

In 2024, 60% of the target LTIP was granted in the form of PSUs while 40% was granted in the form of RSUs. The Compensation Committee establishes target GEB LTIP award amounts for each NEO based on extensive external and internal equity considerations. The number of PSUs achieved is calculated based on JLL’s results against three long-term metrics, with payouts ranging from 0% to 200% for each metric (as compared to 0% to 150% with respect to the 2023 awards). PSUs are settled in JLL common stock. RSUs are also settled in JLL common stock upon expiration of the time-based vesting schedule.

#### Performance metrics
In 2024, several changes were made to the GEB PSUs. To better reflect our operational performance, like the AIP, Adjusted EPS is now calculated excluding the impact of equity investments for JLL/T and LaSalle. For the 2024-2026 performance cycle, the Compensation Committee established Adjusted EPS goals for 2024 at the beginning of 2024 and will set 2025 and 2026 Adjusted EPS goals at the beginning of each respective year hereafter. Following the completion of each fiscal year, the Compensation Committee will determine the payout percentage that was attained for such year