J.Jill (JILL) director receives RSUs after $0.08 dividend
Michael A. Eck, a director of J.Jill, Inc. (JILL), reported a non‑cash acquisition on Form 4 related to the company’s $0.08 per‑share cash dividend paid on October 1, 2025 to holders of common stock of record on September 17, 2025.
Rhea-AI Filing Summary
Michael A. Eck, a director of J.Jill, Inc. (JILL), reported a non‑cash acquisition on Form 4 related to the company’s $0.08 per‑share cash dividend paid on October 1, 2025 to holders of common stock of record on September 17, 2025. The filing shows a J‑code transaction on 10/01/2025 recording the receipt of 24.4 additional restricted stock units at $0 and reports 35,578.37 shares beneficially owned following the transaction. The explanatory note states the additional restricted stock units were issued under the governing RSU agreements and remain subject to the same vesting and settlement terms as the underlying awards.
Positive
- Received additional RSUs tied to the $0.08 per‑share dividend, issued at $0
- RSUs retain original vesting and settlement terms, preserving existing award conditions
Negative
- None.
Insights
Form 4 records a dividend‑related issuance of additional RSUs to a director.
The filing documents a non‑cash grant tied to the company’s $0.08 per‑share dividend, using transaction code J, which commonly denotes transactions under Rule 16b‑3 or similar equity adjustments.
The additional restricted stock units are expressly subject to the same vesting and settlement conditions as the underlying awards, meaning their legal treatment follows existing award agreements rather than creating new unvested rights.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 24.4 | $0.00 | $0.00 |
Footnotes (1)
- F1. On October 1, 2025, J.Jill, Inc. paid a cash dividend of $0.08 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, September 17, 2025. 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.
FAQ
What change did Michael A. Eck report on the Form 4 for J.Jill (JILL)?
Why were additional restricted stock units issued to the reporting person?
Do the additional restricted stock units have different vesting terms?
What transaction code is used and what does it indicate?
Who signed the Form 4 and when was it signed?
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