J.Jill (JILL) officer has 447 shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. reported that officer Maria D. Martinez had 447 shares of Common Stock withheld on tax-withholding disposition to cover taxes tied to the vesting of previously granted RSUs. This was not an open-market sale. After this routine tax event, she directly holds about 36,463.43 shares of J.Jill common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MARTINEZ MARIA D.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 447 | $11.46 | $5K |
Holdings After Transaction:
Common Stock — 36,463.43 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 447 shares
Withholding reference price: $11.46 per share
Shares held after transaction: 36,463.43 shares
3 metrics
Shares withheld for taxes
447 shares
Tax-withholding disposition on Common Stock for RSU vesting
Withholding reference price
$11.46 per share
Value used for 447-share tax-withholding disposition
Shares held after transaction
36,463.43 shares
Direct J.Jill Common Stock holdings after tax withholding
Key Terms
RSUs, tax-withholding disposition, Common Stock
3 terms
RSUs financial
"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
"transaction_action: tax-withholding disposition for payment of taxes"
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
"security_title: Common Stock in the reported transaction"
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 Maria D. Martinez?
J.Jill reported that officer Maria D. Martinez had 447 shares of Common Stock withheld to pay taxes on vesting RSUs. This was a tax-withholding disposition, not an open-market trade, and reflects routine handling of equity-based compensation.
Was the J.Jill (JILL) Form 4 transaction a stock sale by Maria D. Martinez?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 447 shares were withheld by J.Jill to cover tax obligations from vesting restricted stock units, a common mechanism used for equity compensation tax payments.
What does the footnote on the J.Jill (JILL) Form 4 for Maria D. Martinez explain?
The footnote explains that the reported shares were withheld from Maria D. Martinez to pay taxes tied to vesting RSUs. It clarifies the disposition resulted from equity award tax obligations rather than a discretionary decision to sell shares on the open market.
What does an F code tax-withholding disposition mean for J.Jill (JILL) insiders?
An F code indicates shares were delivered or withheld to pay taxes or exercise costs on equity awards. For J.Jill, Maria D. Martinez’s 447-share F-code transaction simply reflects taxes on RSU vesting, a standard compensation-related event rather than a market trade.