Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 48

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 48
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4, awards were first determined based on results against JLL’s annual financial goals at the enterprise level as well as Strategic Factors, with payouts ranging from 0% to 200% of target (as compared to 0% to 150% in 2023). Under the 2024 AIP, achievement of threshold performance would result in a payout of 50% of the target bonus amount,

achievement of target performance would result in a payout of 100% of the target bonus amount, and achievement of maximum performance (or greater) would result in a payout of 200% of the target bonus amount, with a straight-line interpolation applied to results between goals to calculate payout percentage earned. Achievement below threshold results in no payment.

After the Compensation Committee certifies financial performance against targets and determines Strategic Factors performance, the resulting awards are adjusted by a Leadership Multiplier (described below) ranging between 80% and 120%. Final AIP awards are delivered in cash.

#### Performance measures
All GEB members are aligned under the same enterprise performance measures and weightings. The shared performance measures tie the compensation of all our NEOs in the short term for the annual cash variable compensation program to our global corporate performance. In 2024, notable changes were made to the AIP program including the following: (i) in order to better reflect our operational performance, Adjusted EBITDA and Adjusted EBITDA Margin exclude the impact of equity investments for Investment Management and Software and Technology Solutions, therefore excluding the impact of largely non-cash investment gains and losses and (ii) Free Cash Flow has been moved to the GEB LTIP plan, as the metric has greater relevance when measured over a longer period, and has been replaced by Strategic Factors, which are intended to be objective goals set annually that reflect the current strategic intent of JLL.

| 2025 Proxy Statement |     | 49 |

Executive Compensation

Compensation discussion and analysis

| Performance Measures*      |     | Performance Weighting |     | What is it?                                                                                                                                                                                                                                                                                                                                                                                                                              |
| AIP Adjusted EBITDA        |     | 50%                   |     | Earnings before interest, taxes, depreciation and amortization, adjusted to exclude: net non-cash mortgage servicing rights, mortgage banking derivative activity, equity earnings/losses for Investment Management and Software and Technology Solutions, credit losses on convertible note investments, net loss on dispositions and interest on employee loans, net of forgiveness, along with restructuring and acquisition charges. |
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