J.Jill (JILL) director reports dividend-equivalent stock units and updated holdings
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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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.
How many J.Jill (JILL) shares does Rahamim Michael beneficially own after this Form 4 transaction?
After the reported adjustment, Rahamim Michael beneficially owned 372,501.9 shares of J.Jill common stock directly and 6,258 shares indirectly, held by his wife.
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.
Does this J.Jill (JILL) Form 4 involve any sale of shares by Rahamim Michael or his wife?
The reported Form 4 reflects an acquisition of 28.53 shares at $0 per share tied to dividend-equivalent units. The indirect holdings of 6,258 shares by his wife are disclosed as beneficial ownership, with no sale reported in this excerpt.