QUINCY, Mass .– (BUSINESS WIRE) – On February 15, 2021, J. Jill, Inc. (NYSE: JILL) granted Claire Spofford 300,000 RSUs in respect of the company’s common shares (RSU). The RSU grant was offered as a significant incentive to hire Ms. Spoffords as CEO of the company. Ms Spofford, whose hiring was announced on October 7, 2020, joined the company on February 15, 2021.
RSUs were granted outside the terms of the company’s 2017 Omnibus Stock Incentive Plan and approved by the company’s board of directors on the basis of the employment incentive exemption under the Rule 303A.08 of the Handbook for Companies Listed on the New York Stock Exchange, which requires public disclosure of incentive awards. The company is issuing this press release in accordance with rule 303A.08.
PSUs will generally vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to Ms. Spoffords’ continued employment with the Company. In addition, RSUs may be subject to expedited vesting in the event of certain qualifying terminations from Ms. Spoffords’ employment.
About J. Jill, Inc.
J.Jill is a leading omnichannel retailer and nationally recognized womenswear brand committed to delighting customers with a great product to wear now. The brand represents a simple, relaxed and inspired style that reflects the confidence and comfort of a woman with a rich and full life. J.Jill offers a guided customer experience across more than 270 stores nationwide and a strong e-commerce platform. J. Jill is headquartered outside of Boston. For more information, please visit www.JJill.com. The information contained on the J. Jills website is not incorporated by reference herein.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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