Company: JLL
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001037976-25-000023
Chunk: 0

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 7, 2025, Jones Lang LaSalle Incorporated (the “ Company” or “ JLL”) announced that Karen Brennan, currently the Company’s Chief Financial Officer and a member of JLL’s Global Executive Board (“ GEB”), will assume a new role as the Company’s CEO of Leasing Advisory, effective July 1, 2025. Ms. Brennan’s last day as the Company’s CFO will be June 30, 2025. In her new role, Ms. Brennan will continue to serve as a member of the GEB.

In connection with Ms. Brennan’s transition into her new role, the Company also announced the appointment of Kelly Howe, 53, as Chief Financial Officer of the Company, effective July 1, 2025. Ms. Howe will report to the Company’s Chief Executive Officer and President, Christian Ulbrich, and will become a member of the GEB.

Prior to her appointment as Chief Financial Officer, Ms. Howe most recently served as Chief Financial Officer for JLL’s Leasing Advisory business segment. Before joining JLL in January of 2024, Ms. Howe gained extensive financial leadership in the professional services sector which included serving as CFO for North America for Boston Consulting Group.

Effective July 1, 2025, Ms. Howe will (i) receive an annual base salary of $600,000, (ii) participate in the GEB Annual Incentive Plan (“ GEB AIP”) with an annual 2025 target award of $1,000,000, which will be prorated at 50% (or $500,000) for the 2025 fiscal year (iii) participate in the GEB Long-Term Incentive Plan (“ GEB LTIP”), with a GEB LTIP target of $1,500,000 with the first anticipated grant at the new target level expected to occur in the first quarter of 2026 and be delivered in a mix of Performance Stock Units (“ PSUs”) and Restricted Stock Units (“ RSUs”); and (iv) receive a one-time grant of RSUs in the amount of $675,000 in September 2025.

There are no family relationships between Ms. Howe and any director, executive officer or person nominated by the Company to become a director or executive officer, and there are no transactions between