J.Jill, Inc. (NYSE: JILL) adjusts Elliot Staples’s stock units after $0.09 dividend
Rhea-AI Filing Summary
Staples Elliot reported acquisition or exercise transactions in this Form 4 filing.
J.Jill, Inc. reported equity award adjustments for officer Elliot Staples tied to a cash dividend and performance criteria. On July 8, 2026, Staples received 115.92 shares of Common Stock in the form of additional restricted and performance stock units due to a $0.09 per share cash dividend, with these units carrying the same vesting and settlement terms as the original awards. He also received a grant of 68.99 performance stock units eligible to vest based on absolute total shareholder return compound annual growth rate goals, each representing a contingent right to one share of Common Stock. Following these transactions, Staples held 33,251.61 shares of Common Stock directly and 19,647.42 performance stock units.
Positive
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Insights
Compensation-related equity adjustments, not open-market trading.
The transactions reflect routine equity compensation mechanics for J.Jill, Inc. officer Elliot Staples. A cash dividend of $0.09 per share triggered the issuance of 115.92 additional restricted and performance stock units, preserving the economic value of his existing awards.
Additionally, Staples received 68.99 performance stock units tied to absolute total shareholder return compound annual growth rate goals. These TSR PSUs vest only if specific performance conditions are met, and each unit can settle into one share of Common Stock. After these actions, he holds 33,251.61 Common shares and 19,647.42 performance stock units, indicating continued equity exposure rather than discretionary buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 68.99 | $0.00 | -- |
| Other | Common Stock | 115.92 | $0.00 | -- |
Footnotes (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. This represents 104.81 restricted stock units and 11.11 shares of performance stock units earned based on J.Jill, Inc. achieving a predetermined Adjusted EBITDA threshold. This represents Mr. Staples's performance stock units that will be eligible for vesting based on achievement of absolute total shareholder return compound annual growth rate goals ("TSR PSUs") and settlement as the underlying performance stock units to which they relate. Each TSR PSU represents the contingent right to receive, upon vesting, one share of Common Stock and the number of TSR PSUs reported represents the maximum possible number of shares of Common Stock that are eligible for vesting.