Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 77

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 77
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 those of JLL’s shareholders. Having an adequate number of shares available for issuance under the Fourth Amended and Restated 2019 Plan is an important factor in fulfilling these purposes.

Shares available under the Amended and Restated 2019 Plan

The Third Amended and Restated 2019 Plan, as of April 1, 2025, had approximately 1,576,015 shares available for issuance. The Compensation Committee expects that if the shareholders approve the Fourth Amended and Restated 2019 Plan, the number of shares available under that plan will be sufficient for at least one additional year based on current expected equity grant practices. If the Fourth Amended and Restated 2019 Plan is not approved by our shareholders, the Third Amended and Restated 2019 Plan will continue in effect in its present form, and we will continue to grant equity awards under the current terms of the Third Amended and Restated 2019 Plan until the shares remaining available for issuance are exhausted, which the Compensation Committee estimates will occur in 2026 based on current expected equity grant practices. Failure of our shareholders to approve the Fourth Amended and Restated 2019 Plan also will not affect the rights of existing award holders under the Third Amended and Restated 2019 Plan or under any previously granted awards under the 2019 Plan, as amended.

If approved by the shareholders, the Fourth Amended and Restated 2019 Plan increases the number of shares authorized for issuance of future awards under the Third Amended and Restated 2019 Plan by 389,000 shares, increasing the total number of shares that may be issued under the Third Amended and Restated 2019 Plan from 1,576,015 shares to 1,965,015 shares. The shares that are available for issuance under the Third Amended and Restated 2019 Plan may increase to the extent outstanding awards are cancelled due to forfeiture of awards or expiration of awards without exercise.

### Background
In determining the number of additional shares of JLL common stock to be requested under the Fourth Amended and Restated 2019 Plan, the Compensation Committee considered the needs of JLL’s long-term incentive program and the potential dilution that awarding the requested shares may have on the existing shareholders. An independent compensation advisor assisted the Compensation Committee in determining the appropriate number of shares to be requested. The advisor examined a number of factors, including JLL’s run rate and an overhang analysis, taking into account equity awards