J.Jill director adds shares via $0.08 dividend-linked stock units
J.Jill, Inc. director Rahamim Michael reported a small equity award linked to a cash dividend.
Rhea-AI Filing Summary
J.Jill, Inc. director Rahamim Michael reported a small equity award linked to a cash dividend. On January 7, 2026, J.Jill paid a cash dividend of $0.08 per share on its outstanding common stock to holders of record as of December 24, 2025. Under the agreements governing his outstanding restricted stock units, Michael received 28.53 additional shares of common stock at a price of $0, reflecting dividend-equivalent units that follow the same vesting and settlement terms as the underlying awards. Following this adjustment, he beneficially owned 372,501.9 shares of common stock directly and 6,258 shares indirectly through his wife.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 28.53 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. On January 7, 2026, J.Jill, Inc. paid a cash dividend of $0.08 per share on each share of its outstanding common stock, par value $0.01 per share ("Common Stock"). The dividend was payable to all holders of Common Stock on the record date, December 24, 2025. Pursuant to the terms of the agreements governing the outstanding restricted stock units held by the filer, the filer received certain additional restricted stock units as a result of this cash dividend. These additional units are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.
FAQ
What insider transaction did J.Jill (JILL) report for Rahamim Michael?
J.Jill director Rahamim Michael reported an acquisition of 28.53 shares of common stock on January 7, 2026, recorded at a price of $0 per share, tied to dividend-equivalent units on existing restricted stock awards.
Why did Rahamim Michael receive additional restricted stock units from J.Jill (JILL)?
On January 7, 2026, J.Jill paid a $0.08 per share cash dividend on its common stock. Under his award agreements, this dividend generated additional restricted stock units that are subject to the same vesting and settlement conditions as the underlying units.
What dividend did J.Jill (JILL) pay that triggered this Form 4 filing?
J.Jill paid a cash dividend of $0.08 per share on its outstanding common stock on January 7, 2026, to shareholders of record on December 24, 2025, which resulted in additional restricted stock units for the reporting person.
Are the new J.Jill (JILL) restricted stock units immediately vested for Rahamim Michael?
No. The filing states that the additional restricted stock units received due to the dividend are subject to the same vesting and settlement conditions as the underlying restricted stock units to which they relate.
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