J.Jill (JILL) executive has shares withheld to cover PSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. executive Elliot Staples reported a small share disposition tied to taxes rather than a market trade. On this Form 4, 451.57 shares of common stock were withheld at $11.82 per share to cover taxes on vesting performance stock units. After this tax-withholding event, Staples directly holds 32,997.26 shares of J.Jill common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Staples Elliot
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 451.57 | $11.82 | $5K |
Holdings After Transaction:
Common Stock — 32,997.26 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 451.57 shares
Withholding price: $11.82 per share
Shares held after transaction: 32,997.26 shares
3 metrics
Shares withheld for taxes
451.57 shares
Tax withholding on PSU vesting for Elliot Staples
Withholding price
$11.82 per share
Value used for tax-withholding disposition
Shares held after transaction
32,997.26 shares
Direct J.Jill common stock holdings post-transaction
Key Terms
performance stock units, tax-withholding disposition, Common Stock, Form 4
4 terms
performance stock units financial
"taxes associated with the vesting of previously granted performance stock units ("PSUs")"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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""
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did J.Jill (JILL) executive Elliot Staples report?
Elliot Staples reported a tax-related share disposition, where 451.57 J.Jill common shares were withheld. The shares covered taxes due on vesting performance stock units and were not sold in the open market.
Was the J.Jill (JILL) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld at vesting of performance stock units to pay taxes owed, a routine administrative event for equity compensation.
What does transaction code "F" mean on the J.Jill (JILL) Form 4?
Transaction code “F” indicates a tax-withholding disposition. In this J.Jill filing, shares were delivered back to the issuer to pay taxes triggered by vesting performance stock units, rather than being sold in the market.