J.Jill (NYSE: JILL) officer withholds stock to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
J.Jill, Inc. executive James Guido, VP and Chief Accounting Officer, reported a routine tax-withholding share disposition related to vesting equity awards. On the transaction date, 281.77 shares of common stock were withheld at $14.76 per share to cover taxes on previously granted RSUs.
After this non‑market tax-withholding disposition, Guido directly holds 9,167.01 shares of J.Jill common stock. The filing indicates this was a payment of tax liability using shares, rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guido James
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 281.77 | $14.76 | $4K |
Holdings After Transaction:
Common Stock — 9,167.01 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 281.77 shares
Withholding price per share: $14.76 per share
Shares held after transaction: 9,167.01 shares
3 metrics
Shares withheld for taxes
281.77 shares
Tax-withholding disposition on vesting RSUs
Withholding price per share
$14.76 per share
Value used for tax-withholding shares
Shares held after transaction
9,167.01 shares
Direct ownership following tax-withholding event
Key Terms
tax-withholding disposition, Restricted Stock Units, Form 4
3 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Restricted Stock Units financial
"taxes associated with the vesting of previously granted RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did J.Jill (JILL) executive James Guido report in this Form 4?
James Guido reported a tax-related share disposition, where 281.77 J.Jill common shares were withheld at $14.76 per share. These shares covered taxes from vesting restricted stock units, and did not represent an open-market trade or a change in his compensation award size.
Was James Guido’s J.Jill Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The filing labels it as a tax-withholding disposition, with 281.77 shares withheld to pay taxes on vesting RSUs. This is a routine administrative event rather than a discretionary decision to sell shares in the market.
What does the tax-withholding disposition code F mean on this J.Jill Form 4?
Code F on the Form 4 indicates shares were used to satisfy tax obligations tied to equity awards. For J.Jill, 281.77 shares were withheld from James Guido to pay taxes on vesting RSUs, rather than sold voluntarily in the open market.
What role does James Guido hold at J.Jill (JILL) according to this filing?
The filing identifies James Guido as an officer of J.Jill, serving as Vice President and Chief Accounting Officer. His reported transaction involves company common stock related to vesting restricted stock units, with shares withheld to cover associated tax liabilities.