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0.074688796680498 0.074688796680498 0.074688796680498 0 -0.0311203319502075 -0.0311203319502075 -0.0311203319502075 -0.0311203319502075
Stock impact report

J.Jill, Inc. Announces Inducement Grant Under New York Stock Exchange Rule 303A.08

J. Jill, Inc. (JILL) 
Last j. jill, inc. earnings: 3/4 06:45 am Check Earnings Report
Company Research Source: Business Wire
QUINCY, Mass.--(BUSINESS WIRE)--On February 15, 2021, J.Jill, Inc. (NYSE: JILL) made a grant to Claire Spofford of 300,000 restricted stock units in respect of the company’s common stock (“RSUs”). The grant of RSUs was offered as a material inducement to Ms. Spofford’s hiring as Chief Executive Officer of the company. Ms. Spofford, whose hiring was announced on October 7, 2020, joined the company on February 15, 2021.The RSUs were granted outside the terms of the company’s 2017 Omnibus Equity Incentive Plan and approved by the company’s Board of Directors in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. The company is issuing this press release pursuant to Rule 303A.08.The RSUs shall generally vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to Ms. Spofford’s continued employment with the company. Additi Show less Read more
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