Company: JLL
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001037976-25-000014
Chunk: 51

Company: JONES LANG LASALLE INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 51
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 and following the completion of the third fiscal year, the Compensation Committee will determine the average payout for the three-year period which shall represent 75% of the performance weighting. In deciding to measure Adjusted EPS against annual targets within each three-year performance cycle, the Compensation Committee considered the difficulty in establishing appropriate long-term performance measures for the Company given the inherent cyclicality in our industry as well as the pronounced effects of macroeconomic factors such as rapidly changing interest rates on our transactional business. Additionally, as the metric is better measured over a longer period, Free Cash Flow Conversion (with a weighting of 25%) is used as a GEB LTIP metric with three-year goals established at the time of the initial grant. Finally, Relative TSR under the 2024 GEB LTIP program will act as a modifier that can result in a positive or negative 20% adjustment to the Adjusted EPS and Free Cash Flow Conversion results if relative TSR results are an outlier to the peer group (rather than comprising a standalone performance measure, as in prior years). Regardless of the Company’s percentile rank, if the Company’s TSR over the Performance Period is negative, then no positive modification shall be applied. The maximum payout under the GEB PSUs is 200% inclusive of the Relative TSR modifier. The following table describes our long-term performance metrics and explains how they align with shareholders’ interests.

| 52 |     | 2025 Proxy Statement |

Executive Compensation

Compensation discussion and analysis

| Performance Measures            |     | What is It?                                                                                                                                                                                                                                                                                                                                                                                                                          |     | When is it assessed?                                                                                                                                                                                                                                        |     | Why do we use it?                                                  |
| Adjusted EPS                    |     | PSU Adjusted Net Income(1)divided by the weighted average number of shares of common stock outstanding, plus the effect of dilutive potential common shares.                                                                                                                                                                                                                                                                         |     | Goals set at the beginning of each year in the period and evaluated at the end of the year. At the completion of the third fiscal year, performance for full three-year period will be determined based on the average results of the three 1-year periods. |     | Reduces challenges forecasting within cyclicality of our industry. |
| Free Cash Flow Conversion Ratio |     | Free Cash Flow divided by PSU Adjusted Net Income(1), where Free Cash Flow is Cash from Operations less Distributions of Earnings from Investments less Capex.                                                                                                                                                                                                                                                                       |     | After three years for cumulative performance.                                                                                                                                                                                                               |     | Effectively measures operational