Form 4: J.Jill Senior VP Forfeits Over 14,000 Shares Upon Departure

Shelley Liebsch, Senior Vice President and Chief Merchandising Officer of J.Jill, Inc., forfeited over 14,000 unvested shares of common stock upon her departure from the company on July 1, 2025.

Summary

• Shelley Liebsch, formerly the Senior Vice President and Chief Merchandising Officer of J.Jill, Inc., reported a change in her beneficial ownership of company stock.
• On July 1, 2025, Ms. Liebsch departed J.Jill Inc.
• As a direct consequence of her departure, she forfeited a total of 14,082.24 shares of common stock.
• This forfeiture specifically included 11,688.97 unvested restricted stock units and 2,393.27 unvested earned Adjusted EBITDA performance stock units.
• Following this transaction, Ms. Liebsch's beneficial ownership of J.Jill common stock stands at 11,108.91 shares.

Sentiment

Score: 3

Explanation: The forfeiture of a significant number of unvested shares by a key executive upon departure is generally viewed negatively, indicating a loss of a senior leader and associated equity.

Negatives

• Forfeiture of 14,082.24 unvested shares by a key executive.
• Departure of Shelley Liebsch, the Senior Vice President and Chief Merchandising Officer.

Future Outlook

NA

Industry Context

NA

Management Changes

Stakeholder Impact

• Shareholders: Potential concern over executive turnover and the loss of a key leader.
• Employees: May raise questions about leadership stability within the company.

Key Dates

Recommendation

Keywords

J.Jill, JILL, Form 4, insider transaction, stock forfeiture, executive departure, Shelley Liebsch, common stock, restricted stock units, performance stock units