J.Jill (JILL) director adds 28.53 shares via dividend-linked RSU adjustment
Rhea-AI Filing Summary
J.Jill, Inc. director Rolfe Andrew reported a small stock-related change tied to a cash dividend. On January 7, 2026, the company paid a cash dividend of $0.08 per share on its outstanding common stock. Under the terms of his restricted stock unit agreements, Andrew received 28.53 additional shares of common stock-equivalent units at a price of $0.00, coded as a transaction type "J" for adjustments. These additional units carry the same vesting and settlement conditions as the original restricted stock units. Following this adjustment, Andrew beneficially owned 19,342.9 shares of common stock on a direct basis.
Positive
- None.
Negative
- None.
FAQ
What did J.Jill (JILL) director Rolfe Andrew report in this Form 4?
Director Rolfe Andrew reported an automatic adjustment related to his equity awards. On January 7, 2026, he received 28.53 shares of J.Jill common stock-equivalent units at a price of $0.00, coded as transaction type "J" for an adjustment.
Why did Rolfe Andrew receive 28.53 additional J.Jill (JILL) shares?
J.Jill paid a $0.08 per share cash dividend on its outstanding common stock on January 7, 2026. Under the agreements governing his restricted stock units, this dividend triggered the issuance of additional restricted stock units to Andrew as dividend equivalents.
How many J.Jill (JILL) shares does Rolfe Andrew own after this transaction?
After the reported adjustment, Rolfe Andrew beneficially owned 19,342.9 shares of J.Jill common stock, held on a direct basis.
Was this J.Jill (JILL) Form 4 transaction a market purchase or sale?
No. The transaction is coded as "J", indicating an adjustment rather than an open-market buy or sell. The 28.53 shares were received at $0.00 in connection with a cash dividend and existing restricted stock unit terms.
What dividend did J.Jill (JILL) pay in connection with this Form 4 event?
On January 7, 2026, J.Jill paid a cash dividend of $0.08 per share on each share of its outstanding common stock to holders of record as of December 24, 2025.
Do the new restricted stock units for J.Jill (JILL) have special terms?
No. The footnote states that the additional restricted stock units issued as a result of the dividend are subject to the same vesting and settlement conditions as the underlying restricted stock units they relate to.