Coyne Mary Ellen 4
Research Summary
AI-generated summary
J.Jill CEO Mary Ellen Coyne Receives Restricted Stock Units
What Happened
Mary Ellen Coyne, CEO, President and a director of J.Jill, Inc. (JILL), acquired a total of 1,705.75 share-equivalents on April 28, 2026. The filing shows two entries: 1,457.36 shares reported as an "other acquisition" (code J) at $0.00 and 248.39 shares reported as a grant/award (code A, derivative) at $0.00. No cash was paid — these represent additional restricted stock units (RSUs) and performance stock units (PSUs), not an open‑market purchase.
Key Details
- Transaction dates: April 28, 2026; Form 4 filed April 30, 2026 (timely filing).
- Reported amounts/prices: 1,457.36 shares @ $0.00 (code J); 248.39 derivative shares @ $0.00 (code A). Total = 1,705.75 share-equivalents.
- Footnote highlights:
- F1: The 1,457.36 units include additional RSUs issued as a result of J.Jill’s $0.09 per-share cash dividend (record date April 14, 2026). These additional units carry the same vesting/settlement terms as the underlying RSUs.
- F2: The 1,457.36 figure breaks down to 1,423.05 restricted stock units plus 34.31 performance stock units earned after meeting a predetermined Adjusted EBITDA target.
- F3: The 248.39 reported are TSR-based PSUs (maximum possible shares eligible for vesting) tied to absolute TSR compound annual growth goals; each TSR PSU can convert to one share if performance conditions are met.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: Filed two days after the transaction date (Apr 30 for Apr 28 activity), which is within standard insider-reporting timing.
Context
These entries are compensation-related and dividend adjustments, not market purchases or sales. Such awards and dividend-credited units are common forms of executive compensation and are subject to vesting and performance conditions; they do not by themselves signal buying or selling intent. The derivative (PSU) amounts represent contingent rights that may convert to shares only if performance goals are met.