J.Jill director gets dividend-linked RSU adjustment

J.Jill, Inc. director Shelley B. Milano reported an "other" equity adjustment involving 47.33 shares of Common Stock on July 8, 2026.

Rhea-AI Filing Summary

J.Jill, Inc. director Shelley B. Milano reported an "other" equity adjustment involving 47.33 shares of Common Stock on July 8, 2026. This arose because the company paid a $0.09 per-share cash dividend, which, under the filer’s restricted stock unit agreements, generated additional units tied to existing awards. After this adjustment, Milano’s reported direct holdings totaled 26,783.72 shares, with the new units subject to the same vesting and settlement conditions as the underlying restricted stock units.

Insights

Equity Compensation Analyst

Routine dividend-equivalent RSU adjustment with no open-market trade.

The entry reflects an "other" transaction where Shelley B. Milano received 47.33 additional units because J.Jill, Inc. paid a $0.09 per-share cash dividend on July 8, 2026. Under the restricted stock unit agreements, dividend equivalents are credited as extra units rather than cash.

These additional units carry the same vesting and settlement terms as the original restricted stock units, so there is no immediate liquidity event. The Form 4 shows no open-market buying or selling, and Milano’s direct position after the adjustment is 26,783.72 shares, indicating a modest, mechanically driven increase in reported holdings.

Insider Trade Summary

Other: 47.33 shares

Other 1 txn

Insider Milano Shelley B

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	47.33	$0.00	$0.00

Holdings After Transaction: Common Stock — 26,783.72 shares (Direct)

Footnotes (1)

1. F1. On July 8, 2026, J.Jill, Inc. paid a cash dividend of $0.09 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, June 24, 2026. 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.

Key Figures

Dividend per share: $0.09 per share Additional units from dividend: 47.33 shares Holdings after transaction: 26,783.72 shares

3 metrics

Dividend per share $0.09 per share Cash dividend on outstanding Common Stock paid July 8, 2026

Additional units from dividend 47.33 shares Other transaction coded J credited as restricted stock units

Holdings after transaction 26,783.72 shares Direct Common Stock holdings following July 8, 2026 adjustment

Key Terms

restricted stock units, cash dividend, record date

3 terms

restricted stock units financial

"Pursuant to the terms of the agreements governing the outstanding restricted stock units held"

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.

cash dividend financial

"paid a cash dividend of $0.09 per share on each share of its outstanding"

A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.

record date financial

"The dividend was payable to all holders of Common Stock on the record date, June 24, 2026."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

FAQ

What transaction did Shelley B. Milano report on Form 4 for JILL?

Shelley B. Milano reported an "other" transaction involving 47.33 shares of Common Stock on July 8, 2026. It reflects an equity adjustment tied to dividend-equivalent restricted stock units, not an open-market purchase or sale.

Why did Shelley B. Milano receive additional units in J.Jill, Inc. (JILL)?

Milano received additional units because J.Jill, Inc. paid a $0.09 per-share cash dividend on July 8, 2026. Her restricted stock unit agreements credit dividend equivalents as extra units, increasing her reported equity position.

How many JILL shares does Shelley B. Milano hold after this Form 4 transaction?

After the reported adjustment, Shelley B. Milano holds 26,783.72 shares of J.Jill, Inc. Common Stock directly. This total includes the 47.33 additional units received due to the company’s cash dividend.

Did the JILL Form 4 filing disclose any open-market buys or sells by Shelley B. Milano?

No, the filing shows no open-market buys or sells. It reports an "other" transaction coded J, reflecting 47.33 additional units from dividend-equivalent adjustments under restricted stock unit agreements, at a price of $0.00 per share.

What dividend did J.Jill, Inc. (JILL) pay that affected Milano’s restricted stock units?

J.Jill, Inc. paid a $0.09 per-share cash dividend on its outstanding Common Stock on July 8, 2026, to holders of record on June 24, 2026. This triggered additional restricted stock units for Milano under her award terms.

Are the new JILL restricted stock units received by Milano immediately vested?

No. The footnote states the additional units are subject to the same vesting and settlement conditions as the underlying restricted stock units. They vest over time under the original award terms rather than immediately.

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Available on EDGAR 07/10/2026 - 06:31 PM Accepted by SEC EDGAR 07/10/2026 - 06:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Milano Shelley B

(Last) (First) (Middle)

C/O J.JILL, INC.

4 BATTERYMARCH PARK

(Street)

QUINCY MASSACHUSETTS 02169

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
J.Jill, Inc. [ JILL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/08/2026		J(1)		47.33(1)	A	$0	26,783.72	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On July 8, 2026, J.Jill, Inc. paid a cash dividend of $0.09 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, June 24, 2026. 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.

	/s/ Kathleen Stevens, Attorney-in-Fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)