J.Jill (JILL) director granted additional RSUs after $0.09 dividend
Rhea-AI Filing Summary
J.Jill, Inc. director Rolfe Andrew received additional restricted stock units due to a cash dividend adjustment on the company’s common stock. On April 28, 2026, J.Jill paid a cash dividend of $0.09 per share on its outstanding common stock to holders of record as of April 14, 2026. Under the terms of his existing restricted stock unit agreements, Andrew was credited with 56.49 additional common shares in the form of new restricted stock units at no cash cost, keeping the same vesting and settlement conditions as the original awards. Following this non-cash adjustment, his directly held common stock position reported in the filing is 27,684.39 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 56.49 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
restricted stock units financial
cash dividend financial
record date financial
Common Stock financial
FAQ
What did J.Jill (JILL) director Rolfe Andrew report in this Form 4?
Rolfe Andrew reported receiving 56.49 additional restricted stock units tied to J.Jill common stock. These units were credited as an adjustment from a cash dividend, and they carry the same vesting and settlement terms as his existing restricted stock units.
Why did Rolfe Andrew receive additional restricted stock units from J.Jill (JILL)?
He received extra restricted stock units because J.Jill paid a $0.09 per share cash dividend. Under his RSU agreements, cash dividends on common stock generate additional units instead of cash, maintaining equivalent economic value to holders of outstanding restricted stock units.
Was this J.Jill (JILL) insider transaction a market buy or sell?
No, this was not an open-market buy or sell. The Form 4 shows an “other” transaction, where 56.49 additional restricted stock units were credited to the director’s account as a non-cash adjustment related to J.Jill’s declared cash dividend.
What dividend did J.Jill (JILL) pay that affected Rolfe Andrew’s restricted stock units?
J.Jill paid a cash dividend of $0.09 per share on its outstanding common stock on April 28, 2026. Because of this dividend, Andrew’s restricted stock unit agreements granted him 56.49 additional units instead of a cash payment.
Do the new J.Jill (JILL) restricted stock units have different vesting terms?
No, the additional restricted stock units follow the same vesting and settlement conditions as the underlying awards. The Form 4 footnote explains that these extra units mirror the original restricted stock units’ terms and are simply an adjustment for the cash dividend.