XML 43 R13.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Stock-Based Compensation | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | 6. STOCK-BASED COMPENSATION The Stock Award and Incentive Plan ("SAIP") provides for the granting of various stock awards to eligible employees of JLL. These awards have historically been RSUs which generally vest over three years (either cliff or graded vesting) and PSUs which generally vest in three years (cliff vesting), subject to performance and/or market conditions. There were approximately 1.5 million shares available for grant under the SAIP as of December 31, 2024. Stock-based compensation expense, excluding expense related to retention awards issued in conjunction with acquisitions, is included within Compensation and benefits expense on the Consolidated Statements of Comprehensive Income. The expense related to retention awards issued in conjunction with acquisitions is included within Restructuring and acquisition charges. Stock-based compensation expense by award type is presented below. In 2023, we recognized $13.5 million of stock-based compensation expense reversal associated with the expected achievement against performance measures of certain PSU awards.
| Year Ended December 31,
(in millions) | 2024 | 2023 | 2022
Restricted stock unit awards | $ | 82.5 |  | 65.9 |  | 48.5 |
Performance stock unit awards | 12.6 |  | 9.0 |  | 26.8 |
Total | $ | 95.1 |  | 74.9 |  | 75.3 |
Restricted Stock Units and Performance Stock Units
| RSU Shares (in 000's) | PSU Shares (in 000's) |  | Total Shares (in 000's) |  | Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021 | 912.4 |  | 646.0 |  |  | 1,558.4 |  |  | $ | 152.27 |
Granted | 353.2 |  | 116.5 |  |  | 469.7 |  |  | 204.05 |
Vested | (395.7) |  | (175.1) |  |  | (570.8) |  |  | 147.78 |
Forfeited | (28.6) |  | (20.4) |  |  | (49.0) |  |  | 168.92 |
Unvested as of December 31, 2022 | 841.3 |  | 567.0 |  |  | 1,408.3 |  |  | 170.78 |
Granted | 520.5 |  | 185.2 |  |  | 705.7 |  |  | 143.64 |
Vested | (296.8) |  | (257.2) |  |  | (554.0) |  |  | 126.28 |
Forfeited | (74.9) |  | (36.9) |  |  | (111.8) |  |  | 164.42 |
Unvested as of December 31, 2023 | 990.1 |  | 458.1 |  |  | 1,448.2 |  |  | 175.07 |
Granted | 500.9 |  | 168.7 |  |  | 669.6 |  |  | 210.34 |
Vested | (347.5) |  | (109.0) |  |  | (456.5) |  |  | 184.86 |
Forfeited | (52.8) |  | (92.1) |  |  | (144.9) |  |  | 173.88 |
Unvested as of December 31, 2024 | 1,090.7 |  | 425.7 |  |  | 1,516.4 |  |  | $ | 187.78 |
As of December 31, 2024, we had $93.5 million of unamortized deferred compensation related to unvested RSUs and PSUs, which we anticipate to be recognized over a weighted average period of 1.3 years. Shares vested during the years ended December 31, 2024, 2023 and 2022 had grant date fair values of $84.4 million, $70.0 million, and $84.3 million, respectively. Shares granted during the years ended December 31, 2024, 2023 and 2022 had grant date fair values of $140.8 million, $101.4 million and $95.8 million, respectively.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration