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.
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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.
Were J.Jill (JILL) shares bought or sold in this Elliot Staples Form 4?
No open-market buy or sell occurred in this Form 4. The transaction reflects performance stock units earned based on 2025 Adjusted EBITDA and classified as an “other acquisition or disposition,” rather than a traditional purchase or sale of common stock.
How many J.Jill (JILL) shares does Elliot Staples hold after this transaction?
After the reported transaction, Elliot Staples is shown holding 23,285.85 shares of J.Jill common stock directly. This figure reflects his updated ownership following recognition of 726.69 earned performance stock units and correction of a prior clerical error.
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.