Rahamim Michael 4
Research Summary
AI-generated summary
J.Jill Director Michael Rahamim Receives 8,285 RSU Award
What Happened
- Michael Rahamim, a director of J.Jill, Inc. (JILL), was granted 8,285 restricted stock units (RSUs) on April 6, 2026. The award was reported at an acquisition price of $0.00, so no cash was paid at grant. The RSUs convert to the same number of shares of J.Jill common stock upon vesting.
Key Details
- Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 8,285 RSUs; grant price reported as $0.00 (no immediate cash value recorded on the Form 4).
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs vest on the earlier of (x) April 6, 2027 or (y) the date of a change in control of J.Jill, Inc.; each RSU will be settled (shares issued) within 10 days after vesting.
Context
- RSUs are a form of compensation that promise future delivery of shares if vesting conditions are met; they do not represent immediately tradable shares. This award is a compensation grant to a director and should not be interpreted as an outright purchase or sale. The change-in-control acceleration and one-year time-based vesting window are common in executive/director grants.