Claire Spofford - Mar 29, 2023 Form 4 Insider Report for J.Jill, Inc. (JILL)

Role
President & CEO, Director
Signature
/s/ Kathleen Stevens, Attorney-in-Fact
Stock symbol
JILL
Transactions as of
Mar 29, 2023
Transactions value $
$0
Form type
4
Date filed
3/31/2023, 04:07 PM
Previous filing
Mar 16, 2023
Next filing
Apr 4, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JILL Restricted Stock Units Award $0 +17.6K $0.00 17.6K Mar 29, 2023 Common stock 17.6K Direct F1, F2
transaction JILL Performance Stock Units Award $0 +17.6K $0.00 17.6K Mar 29, 2023 Common Stock 17.6K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Common Stock of J.Jill, Inc. (the "Company"), par value $0.01 per share (the "Common Stock").
F2 This grant of restricted stock units shall vest in three equal installments over a three year period on each anniversary of the grant date. Each restricted stock unit shall be settled within 10 days following the vesting date.
F3 This represents the reporting person's performance stock units that will be eligible for vesting based on achievement of absolute total shareholder return compound annual growth rate goals ("TSR PSUs") over a three-year performance period ending on January 31, 2026. Each TSR PSU represents the contingent right to receive, upon vesting, one share of the Company's Common Stock and the number of TSR PSUs reported represents the maximum possible number of shares of Common Stock that are eligible for vesting, which is 200% of the number of shares of Common Stock at target payout.