secwatch.observer — SEC 8-K summary
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Issuer:     JONES LANG LASALLE INC (JLL)
CIK:        0001037976
Form:       8-K
Filed at:   2026-09-30T20:45:55+00:00
Accession:  0001037976-26-000173
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4.1-flash:cloud@v2

JLL Technologies CEO Mihir Shah to leave April 1, 2027; severance package valued at about $3.63M
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- Mihir Shah, CEO of Jones Lang LaSalle Technologies and a member of the Global Executive Board, will leave the company effective April 1, 2027; announcement dated Sept 30, 2026.
- Severance totals roughly $3.63M: $675,000 (54 weeks of base salary), a $590,000 pro-rated 2026 Annual Incentive Plan payment, and $2,360,000 equal to 1x his target annual incentive.
- Current base salary continues through the Separation Date plus a 2026 AIP bonus paid March 2027; outstanding RSUs and PSUs vest pro-rated, with the unvested portion forfeited as of April 1, 2027.
- Company will reimburse the employer share of up to 12 months of COBRA premiums, ending sooner if Shah obtains new health-benefit-covered employment; a 12-month non-solicitation covenant applies.
- Payment is conditioned on execution and non-revocation of a general release; the Separation Agreement dated Sept 28, 2026 will be filed as an exhibit to the company's Form 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037976/000103797626000173/0001037976-26-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037976/000103797626000173/jll-20260928.htm
  HTML page:      https://secwatch.observer/filing/0001037976-26-000173

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