Elliot Staples of J.Jill (JILL) earns 726 PSUs and corrects holdings
Rhea-AI Filing Summary
J.Jill, Inc. officer Elliot Staples reported an “other” equity transaction involving 726.69 performance stock units. These PSUs were granted on April 8, 2025 and were earned after J.Jill met a predetermined Adjusted EBITDA threshold for the 2025 fiscal year, and will vest and convert into the same number of common shares after a service-based vesting period. Following this update, Staples is shown holding 23,285.85 shares of common stock directly. The filing also notes that one of the reported figures corrects a clerical error in his original Form 3.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 726.69 | $0.00 | -- |
Footnotes (1)
- 726.69 performance stock units ("PSUs") granted to Mr. Staples on April 8, 2025 were earned based on J.Jill, Inc. achieving a predetermined Adjusted EBITDA threshold for the 2025 fiscal year, which will vest and settle for a like amount of shares of common stock, par value $0.01 per share ("Common Stock") following a service-based vesting period. This number reflects a correction of a clerical error included in the reporting person's original Form 3.
FAQ
What insider transaction did J.Jill (JILL) report for Elliot Staples?
The filing shows an “other” transaction for 726.69 performance stock units earned by Elliot Staples. These PSUs were originally granted in April 2025 and became earned after J.Jill reached a preset Adjusted EBITDA threshold for the 2025 fiscal year.
What are the terms of the J.Jill (JILL) performance stock units reported for Elliot Staples?
The 726.69 performance stock units were granted on April 8, 2025 and became earned when J.Jill achieved a predetermined 2025 Adjusted EBITDA threshold. They will vest and settle into an equal number of common shares after a required service-based vesting period.
Why does the J.Jill (JILL) Form 4 mention a clerical error for Elliot Staples?
The filing states that one reported number corrects a clerical error from Elliot Staples’ original Form 3. This means earlier disclosed holdings were misstated and are now being adjusted to show the accurate ownership amount.