J.Jill Amends Form 4 to Correct RSU Vesting and Withholding Details
Rhea-AI Filing Summary
Mark W. Webb, EVP, CFO & COO of J.Jill, amended a Form 4 to correct the previously reported restricted stock unit (RSU) activity that occurred on 07/12/2025. The filing states that RSUs vested on that date and were settled in exchange for shares of J.Jill common stock, and that a portion of shares were withheld to satisfy tax withholding obligations.
The amended filing shows 3,817.36 RSUs related to the vesting event and reports 1,846.54 shares withheld for taxes at a price of $15.53. The document presents corrected beneficial ownership figures of 181,873.63 and 180,027.09 shares as shown on the form. The amendment was filed to fix an earlier misstatement and is signed by an attorney-in-fact on 08/12/2025.
Positive
- Amended Form 4 corrects previously misstated RSU vesting and tax-withholding amounts, updating the reporter's beneficial ownership.
Negative
- None.
Insights
TL;DR: Routine correction of an RSU vesting disclosure; no direct cash sale or purchase reported, so market impact is likely minimal.
The amended Form 4 clarifies the number of RSUs that vested and the shares withheld for tax purposes for Mark W. Webb, an officer of J.Jill. The filing documents a settlement of RSUs into common stock and an associated share-withholding tax payment at $15.53 per share. Because the transaction is an award settlement and withholding rather than an open-market sale, it does not reflect a discretionary divestment by the reporting person. The amendment improves disclosure accuracy, which is important for transparency but does not by itself indicate a change to the company’s operating or financial condition.
TL;DR: Amended disclosure corrects previously misstated RSU and withholding counts; reflects governance adherence to reporting rules.
The filing corrects the number of RSUs that vested and the shares withheld for taxes, updating the reporter’s beneficial ownership totals. Timely and explicit correction of reporting errors is a positive governance signal because Section 16 reporting must be accurate for insider transparency. The document identifies the reporter’s role (EVP, CFO & COO) and shows the amendment process, including signature by an attorney-in-fact. This is a compliance-oriented filing with limited substantive corporate governance implications beyond improved accuracy of insider holdings data.