J.Jill (JILL) director receives 8,285 RSUs vesting by 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. director Rolfe Andrew received a grant of 8,285 restricted stock units (RSUs), which will convert into the same number of common shares. The RSUs vest on the earlier of April 6, 2027 or a change in control of J.Jill, Inc. After this award, Andrew directly holds 27,627.9 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rolfe Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,285 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,627.9 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,285 RSUs
Transaction price: $0.0000 per share
Holdings after award: 27,627.9 shares
+1 more
4 metrics
RSU grant size
8,285 RSUs
Award to director Rolfe Andrew
Transaction price
$0.0000 per share
Equity award with no purchase price
Holdings after award
27,627.9 shares
Common stock directly held by Rolfe Andrew after grant
Scheduled vesting date
April 6, 2027
Standard vesting date for the RSUs
Key Terms
restricted stock units, change in control, vest, settled
4 terms
restricted stock units financial
"This grant of restricted stock units ("RSUs") shall vest for an equal number of shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"on the earlier of (x) April 6, 2027 or (y) the date of the consummation of a change in control of J.Jill, Inc."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vest financial
"shall vest for an equal number of shares of common stock of J.Jill, Inc."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"Each RSU shall be settled within 10 days following the vesting date."
FAQ
What did J.Jill (JILL) director Rolfe Andrew report in this Form 4?
Director Rolfe Andrew reported receiving a grant of 8,285 restricted stock units, which will settle into the same number of J.Jill common shares upon vesting. This is a compensation-related equity award rather than an open-market stock purchase or sale.
When do Rolfe Andrew’s J.Jill (JILL) RSUs vest?
The 8,285 restricted stock units vest into J.Jill common shares on the earlier of April 6, 2027, or the date a change in control of J.Jill, Inc. is completed. Settlement of each RSU occurs within 10 days after the vesting date.
Is the J.Jill (JILL) Form 4 an open-market stock purchase or sale?
No. The Form 4 reports a compensation-related grant classified as an acquisition under code A, described as a grant, award, or other acquisition. The 8,285 restricted stock units were awarded at no purchase price, with a transaction price of $0.0000 per share.
What triggers early vesting of Rolfe Andrew’s J.Jill (JILL) RSUs?
Early vesting occurs if there is a consummation of a change in control of J.Jill, Inc. before April 6, 2027. In that case, the 8,285 restricted stock units vest on the change-in-control date and are settled within 10 days thereafter.
How is the J.Jill (JILL) RSU grant classified in the Form 4 codes?
The grant is coded as “A” in the Form 4, indicating a grant, award, or other acquisition of securities. It is treated as a non-derivative acquisition of common stock tied to restricted stock units that will settle into common shares when they vest.