Rahamim Michael 4
Research Summary
AI-generated summary
J.Jill Director Rahamim Michael Receives 47.33 Shares
What Happened
- Rahamim Michael, a director of J.Jill, Inc. (JILL), was credited with 47.33 shares on July 8, 2026 under an "other acquisition" (code J). The transaction price is $0.00 and the reported value is $0. This result stems from an adjustment to outstanding restricted stock units (RSUs) tied to a company cash dividend.
Key Details
- Transaction date: July 8, 2026; Filing date: July 10, 2026 (timely Form 4 filing).
- Transaction type/code: Other acquisition (Code J); 47.33 shares acquired at $0.00; total reported value $0.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The company paid a $0.09 per-share cash dividend to common-stock holders (record date June 24, 2026). Under the RSU agreements, RSU holders (including the filer) received additional RSUs in lieu of receiving cash on those units; the additional units carry the same vesting and settlement terms as the underlying RSUs.
- No open-market purchase or sale occurred; this is an administrative issuance tied to dividend treatment of RSUs.
Context
- This transaction reflects a routine dividend-related adjustment to outstanding RSUs rather than a purchase or sale in the market. Such dividend-equivalent RSU issuances are common and do not by themselves indicate insider buying or selling intent.