Mark W. Webb - 01 Apr 2024 Form 4 Insider Report for J.Jill, Inc. (JILL)

Role: EVP, CFO & COO
Signature: /s/ Kathleen Stevens, Attorney-in-Fact
Issuer symbol: JILL
Transactions as of: 01 Apr 2024
Net transactions value: -$190,765
Form type: 4
Filing time: 03 Apr 2024, 21:00:22 UTC
Previous filing: 20 Mar 2024
Next filing: 08 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JILL	Common Stock	Options Exercise		+3,077	+4.5%		71,799	01 Apr 2024	Direct	F1
transaction	JILL	Common Stock	Tax liability	$43,639	-1,365	-1.9%	$31.97	70,434	01 Apr 2024	Direct	F2
transaction	JILL	Common Stock	Options Exercise		+10,375	+15%		80,809	01 Apr 2024	Direct	F3
transaction	JILL	Common Stock	Tax liability	$147,126	-4,602	-5.7%	$31.97	76,207	01 Apr 2024	Direct	F2
transaction	JILL	Common Stock	Award	$0	+29,211	+38%	$0.000000	105,418	01 Apr 2024	Direct	F4

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	Options Exercise	$0	-3,077	-33%	$0.000000	6,147	01 Apr 2024	Common Stock	3,077		Direct	F1, F5
transaction	JILL	Restricted Stock Units	Options Exercise	$0	-10,375	-50%	$0.000000	10,375	01 Apr 2024	Common Stock	10,375		Direct	F3, F5
transaction	JILL	Performance Stock Units	Award	$0	+29,210		$0.000000	29,210	01 Apr 2024	Common Stock	29,210		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	3,077 restricted stock units ("RSUs") held by Mr. Webb vested on April 1, 2024 and were settled in exchange for a like amount of shares of common stock, par value $0.01 per share ("Common Stock") of J.Jill, Inc.
F2	Shares reported were withheld from Mr. Webb for the payment of taxes associated with the vesting of previously granted RSUs.
F3	10,375 RSUs held by Mr. Webb vested on April 1, 2024, and were settled in exchange for a like amount of shares of Common Stock of J.Jill, Inc.
F4	Represents 29,211 RSUs granted to Mr. Webb on April 1, 2024 that will vest in equal installments on each April 1, 2025, April 1, 2026 and April 1, 2027 for an equal number of shares of Common Stock.
F5	Each RSU represents a contingent right to receive one share of Common Stock of J.Jill, Inc.
F6	This represents Mr. Webb'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 30, 2027. Each TSR PSU represents the contingent right to receive, upon vesting, one share of 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.