Webb Mark W. 4
Research Summary
AI-generated summary
J.Jill CFO Mark Webb Receives Award and Dividend RSUs
What Happened
Mark W. Webb, EVP, Chief Financial Officer & Chief Operating Officer of J.Jill, Inc. (JILL), was credited with two equity acquisitions on July 8, 2026: 414.6 shares via an "other acquisition" (code J) and 196.89 shares via a grant/award of derivative securities (code A). Both transactions show a reported price of $0.00 (these are compensation-related equity awards/units, not open-market purchases), so no cash proceeds were exchanged in the filing.
Key Details
- Transaction dates and types: July 8, 2026 — 414.6 shares (code J, other acquisition) and 196.89 shares (code A, grant/award/derivative). Reported price for both: $0.00; reported value $0.
- What the units represent:
- The 414.6 units comprise 375.36 restricted stock units (RSUs) plus 39.24 performance stock units (PSUs) earned after J.Jill met a predetermined Adjusted EBITDA threshold (footnote F2). Per footnote F1, the company paid a $0.09 per-share cash dividend and certain outstanding RSUs resulted in additional RSUs; those additional units remain subject to the same vesting/settlement terms as the underlying awards.
- The 196.89 units are TSR-based performance stock units (TSR PSUs) that are contingent on absolute total shareholder return goals; each TSR PSU represents the right to receive one share upon vesting, and the reported number is the maximum possible (footnote F3).
- Shares owned after the transactions: not specified in the filing.
- Filing timeliness: Period of report 2026-07-08; Form 4 filed 2026-07-10 — appears timely (no late filing flag).
Context
- These transactions are compensation-related equity awards and dividend-driven issuances, not open-market purchases or sales; they reflect grant issuance and performance/dividend adjustments and remain subject to vesting and performance conditions. Performance stock units (PSUs and TSR PSUs) are contingent awards and may not result in shares unless performance/vesting conditions are met.