Claire Spofford - Apr 1, 2024 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
Apr 1, 2024
Transactions value $
-$395,980
Form type
4
Date filed
4/3/2024, 09:15 PM
Previous filing
Mar 15, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JILL Common Stock Options Exercise +5.86K +3.41% 178K Apr 1, 2024 Direct F1
transaction JILL Common Stock Tax liability -$90.5K -2.83K -1.59% $31.97 175K Apr 1, 2024 Direct F2
transaction JILL Common Stock Options Exercise +19.8K +11.3% 195K Apr 1, 2024 Direct F3
transaction JILL Common Stock Tax liability -$305K -9.56K -4.91% $31.97 185K Apr 1, 2024 Direct F2
transaction JILL Common Stock Award $0 +31K +16.77% $0.00 216K Apr 1, 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 -5.86K -33.34% $0.00 11.7K Apr 1, 2024 Common Stock 5.86K Direct F1, F5
transaction JILL Restricted Stock Units Options Exercise $0 -19.8K -50% $0.00 19.8K Apr 1, 2024 Common Stock 19.8K Direct F3, F5
transaction JILL Performance Stock Units Award $0 +31K $0.00 31K Apr 1, 2024 Common Stock 31K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,855 restricted stock units ("RSUs") held by Ms. Spofford 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 Ms. Spofford for the payment of taxes associated with the vesting of previously granted RSUs.
F3 19,762 RSUs held by Ms. Spofford 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 31,027 RSUs granted to Ms. Spofford 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 Ms. Spofford'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.