J.Jill (JILL) director granted 8,285 RSUs that vest by April 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eck Michael A reported acquisition or exercise transactions in this Form 4 filing.
J.Jill, Inc. director Michael A. Eck received a grant of 8,285 restricted stock units of common stock. The RSUs will vest into the same number of J.Jill shares on the earlier of April 6, 2027 or the consummation of a change in control of the company, and each unit will be settled within 10 days after vesting. Following this compensation award, Eck holds 43,891.9 shares of J.Jill common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Eck Michael A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,285 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,891.9 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,285 units
RSU grant price: $0.00 per unit
Shares after transaction: 43,891.9 shares
+2 more
5 metrics
RSU grant size
8,285 units
Restricted stock units awarded to director Michael A. Eck
RSU grant price
$0.00 per unit
Stock-based compensation award, not an open-market trade
Shares after transaction
43,891.9 shares
Direct J.Jill common stock holdings following the RSU award
Scheduled vesting date
April 6, 2027
Latest date when RSUs vest if no change in control occurs
Settlement window
10 days
Time after vesting within which each RSU must be settled
Key Terms
restricted stock units, change in control, vest, settled
4 terms
restricted stock units financial
"This grant of restricted stock units ("RSUs") shall vest for an equal number of shares"
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.
change in control financial
"on the earlier of (x) April 6, 2027 or (y) the date of the consummation of a change in control of J.Jill, Inc."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vest financial
"shall vest for an equal number of shares of common stock of J.Jill, Inc."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"Each RSU shall be settled within 10 days following the vesting date."
FAQ
What insider transaction did J.Jill (JILL) director Michael A. Eck report?
Michael A. Eck reported receiving 8,285 restricted stock units in J.Jill common stock as a compensation award. These RSUs convert into shares later and did not involve an open-market purchase or sale, so they are not a traditional buy or sell transaction.
When do Michael A. Eck’s J.Jill (JILL) RSUs vest?
The 8,285 restricted stock units vest into J.Jill common shares on the earlier of April 6, 2027 or the date a change in control of J.Jill is completed. Once vesting occurs, the company must settle each RSU within 10 days.
Did Michael A. Eck buy or sell J.Jill (JILL) stock in the market?
No, the filing shows a grant of 8,285 restricted stock units at a price of $0.00 per unit. This is a stock-based compensation award, not an open-market purchase or sale, so it does not reflect a discretionary trading decision in the public market.
What triggers early vesting of the J.Jill (JILL) RSUs granted to Michael A. Eck?
The RSUs vest early if there is a consummation of a change in control of J.Jill before April 6, 2027. In that event, the units convert into common shares, with settlement required within 10 days after the vesting date specified in the award terms.