Tax withholding reduces J.Jill (JILL) executive Elliot Staples' stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. reported a routine insider tax transaction involving executive Elliot Staples. On the vesting of previously granted restricted stock units, 508.02 shares of common stock were withheld to cover associated tax obligations at $11.46 per share, rather than being sold in the open market.
After this tax-withholding disposition, Staples directly holds 22,296.56 shares of J.Jill common stock. The filing reflects standard compensation-related share withholding and does not represent a discretionary buy or sell decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Staples Elliot
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 508.02 | $11.46 | $6K |
Holdings After Transaction:
Common Stock — 22,296.56 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 508.02 shares
Withholding price per share: $11.46 per share
Shares held after transaction: 22,296.56 shares
3 metrics
Shares withheld for taxes
508.02 shares
Common stock withheld for RSU-related tax obligations
Withholding price per share
$11.46 per share
Valuation used for the tax-withholding disposition
Shares held after transaction
22,296.56 shares
Elliot Staples’ direct J.Jill common stock holdings post-transaction
Key Terms
RSUs, tax-withholding disposition, Common Stock
3 terms
RSUs financial
"payment of taxes associated with the vesting of previously granted RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"Shares reported were withheld from Mr. Staples for the payment of taxes"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did J.Jill (JILL) report for Elliot Staples?
J.Jill reported that executive Elliot Staples had 508.02 common shares withheld to pay taxes tied to the vesting of previously granted RSUs. This was a tax-withholding disposition, not an open-market sale or purchase of J.Jill stock.
Was the J.Jill (JILL) Elliot Staples transaction a stock sale?
No, the Elliott Staples transaction was not an open-market sale. The Form 4 shows 508.02 shares were withheld by the company to satisfy tax obligations from vested RSUs, a routine administrative step in equity compensation.
Does the Elliot Staples Form 4 for J.Jill (JILL) indicate options or derivatives?
The filing shows only a non-derivative transaction in J.Jill common stock. It records 508.02 shares withheld for RSU tax payments, and the derivative section of the Form 4 does not list any remaining derivative positions.