J.Jill (NYSE: JILL) CFO has shares withheld to cover PSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. executive Mark W. Webb, EVP, CFO & COO, reported a routine tax-related share disposition. On the vesting of previously granted performance stock units, 1,434.09 shares of common stock were withheld to cover associated taxes at $11.82 per share.
Following this withholding, Webb directly holds 179,377.05 shares of J.Jill common stock. The event reflects standard tax withholding on equity compensation rather than an open-market sale or discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Webb Mark W.
Role
EVP, CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,434.09 | $11.82 | $17K |
Holdings After Transaction:
Common Stock — 179,377.05 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,434.09 shares
Tax valuation price: $11.82 per share
Shares held after transaction: 179,377.05 shares
3 metrics
Shares withheld for taxes
1,434.09 shares
Tax-withholding disposition on PSU vesting
Tax valuation price
$11.82 per share
Value used for withheld common stock
Shares held after transaction
179,377.05 shares
Direct J.Jill common stock holdings after withholding
Key Terms
performance stock units, tax-withholding disposition, Common Stock, Form 4
4 terms
performance stock units financial
"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 for payment of taxes"
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 reported in the transaction"
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) shows Webb’s transaction"
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) report for Mark W. Webb?
J.Jill reported that EVP, CFO & COO Mark W. Webb had 1,434.09 common shares withheld to pay taxes on vesting performance stock units. This was a tax-withholding disposition, not an open-market purchase or sale, and is typical for equity-based executive compensation.