other material
confidence high
sentiment positive
materiality 0.50
J.Jill grants $1.48M retention bonus in RSUs to CFO/COO Mark Webb
J.Jill, Inc.
- Retention bonus of $1,475,800 in stock-settled RSUs granted to EVP, CFO and COO Mark Webb effective Dec 13, 2024.
- 50% of RSUs vest on first anniversary; remaining 50% vest quarterly (12.5% per quarter) starting Q1 2026.
- Unvested RSUs accelerate upon Qualifying Termination (without Cause, for Good Reason, death/Disability) within two years.
- Forfeiture of unvested RSUs upon termination for any other reason.