J.Jill (NYSE: JILL) withholds shares for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. executive James Guido reported a small tax-related share disposition. On the vesting of previously granted restricted stock units, 294.6 shares of common stock were withheld at $11.46 per share to cover associated taxes. After this non-market tax-withholding transaction, he directly holds 8,872.41 shares of J.Jill common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guido James
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 294.6 | $11.46 | $3K |
Holdings After Transaction:
Common Stock — 8,872.41 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 294.6 shares
Withholding price: $11.46 per share
Shares held after transaction: 8,872.41 shares
+1 more
4 metrics
Shares withheld for taxes
294.6 shares
Tax-withholding on RSU vesting
Withholding price
$11.46 per share
Value used for tax-withholding shares
Shares held after transaction
8,872.41 shares
Direct holdings following tax-withholding
Tax-withholding transactions
1 transaction
Non-derivative common stock entry
Key Terms
Restricted Stock Units, tax-withholding disposition, Form 4
3 terms
Restricted Stock Units financial
"associated with the vesting of previously granted RSUs"
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.
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.
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) report for James Guido?
J.Jill reported that executive James Guido had 294.6 common shares withheld to cover taxes from vesting restricted stock units. This was a tax-withholding disposition, not an open-market buy or sell, and reflects routine equity compensation administration.
Was the J.Jill (JILL) insider transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. Shares were withheld to satisfy tax obligations tied to the vesting of previously granted restricted stock units, a standard non-market process for equity compensation plans.
What does the footnote in the J.Jill (JILL) Form 4 explain?
The footnote explains that the reported shares were withheld from James Guido to pay taxes linked to the vesting of previously granted restricted stock units. It clarifies that the disposition was a tax event, not a discretionary market trade.