Form 4: J.Jill EVP, CFO & COO Mark Webb Reports Changes in Beneficial Ownership Following Dividend Payment

Mark Webb, EVP, CFO & COO of J.Jill, Inc., reports changes in beneficial ownership due to the receipt of additional restricted stock units and performance stock units following a cash dividend payment.

Summary

• On April 18, 2025, Mark W. Webb, EVP, CFO & COO of J.Jill, Inc., filed a Form 4 with the SEC.
• The filing reports changes in Mr. Webb's beneficial ownership of J.Jill, Inc. common stock and performance stock units.
• These changes are a result of a cash dividend of $0.08 per share paid by J.Jill, Inc. on April 16, 2025, to holders of record on April 2, 2025.
• As a result of the dividend, Mr. Webb received additional restricted stock units (469.89) and performance stock units (43.15) based on J.Jill, Inc. achieving a predetermined Adjusted EBITDA threshold.
• Mr. Webb also holds performance stock units (103.78) that will be eligible for vesting based on achievement of absolute total shareholder return compound annual growth rate goals.
• Following the reported transactions, Mr. Webb beneficially owns 174,894.16 shares of J.Jill, Inc. common stock and 29,453.81 performance stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing is a routine disclosure of changes in beneficial ownership. The receipt of additional stock units suggests the company is meeting some financial targets, but it's not a major positive catalyst.

Positives

• The receipt of additional restricted stock units and performance stock units suggests that J.Jill, Inc. is performing well enough to meet certain financial targets, such as the Adjusted EBITDA threshold.

Future Outlook

The performance stock units held by Mr. Webb will vest based on the achievement of future total shareholder return compound annual growth rate goals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The receipt of additional stock units due to a dividend payment is a common practice.

Stakeholder Impact

• The dividend payment benefits shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, J.Jill, Mark Webb, restricted stock units, performance stock units, dividend, common stock, EBITDA, TSR