Webb Mark W. 4
Research Summary
AI-generated summary
J.Jill (JILL) EVP/CFO Mark Webb Receives 1,499 Shares
What Happened
- Mark W. Webb, EVP, Chief Financial Officer & Chief Operating Officer of J.Jill, was credited with 1,499.84 shares on March 17, 2026. The Form 4 records this as an "other acquisition or disposition" (transaction code J) at $0.00 per share (total value reported $0).
- This represents the settlement/crediting of performance stock units (PSUs) that were earned based on J.Jill achieving a predetermined Adjusted EBITDA threshold for fiscal 2025.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely).
- Reported price: $0.00 per share; reported total value: $0.
- Quantity: 1,499.84 shares (PSU settlement).
- Origin: PSUs granted April 8, 2025 and earned by meeting the 2025 Adjusted EBITDA target (per footnote).
- Shares owned after the transaction: not specified in the filing.
- Transaction code J indicates an other acquisition (here, PSU settlement); no 10b5-1, tax-withholding, or late-filing flags are noted.
Context
- These were performance-based restricted awards (PSUs) earned by meeting financial targets; the filing records the earned/credited shares rather than an open-market purchase or sale.
- The Form 4 shows $0 because the acquisition was via award settlement. The market value (dollar exposure) is not listed in the filing and would depend on J.Jill’s stock price when/if the PSUs convert to tradable shares.