Form 4: Kohl's CFO Jill Timm Adjusts Stock Holdings

Kohl's Chief Financial Officer Jill Timm reported changes in her beneficial ownership of company common stock, including an acquisition of dividend equivalent shares and a disposition for tax obligations.

Summary

• Jill Timm, Chief Financial Officer of Kohl's Corp (KSS), reported changes in her beneficial ownership of company common stock.
• On March 25, 2026, Timm acquired 997 shares of common stock, representing dividend equivalent amounts on vested restricted stock units.
• On the same date, March 25, 2026, she disposed of 2,751 shares of common stock at a price of $12.35 per share.
• The disposition of shares was made to satisfy tax withholding obligations upon the vesting of restricted stock units and corresponding dividend equivalent amounts under the Company's Long-Term Compensation Plan.
• Following these transactions, Timm's beneficial ownership stands at 345,807 shares of common stock, which includes 149,575 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation transaction rather than a significant directional signal for the company's performance or management's confidence.

Positives

• The acquisition of 997 shares as dividend equivalents on vested restricted stock units indicates that prior equity awards are vesting and generating returns for the executive.

Negatives

• The disposition of 2,751 shares for tax withholding purposes reduces the executive's direct ownership, although this is a standard practice for equity compensation.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a report of past insider transactions.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those for tax withholding on vested equity, are common across the retail industry as executives realize compensation from long-term incentive plans. These transactions typically do not reflect a change in management's outlook on the company's prospects.

Comparison to Industry Standards

• This type of transaction, involving the disposition of shares for tax withholding upon the vesting of restricted stock units, is a standard practice for executive compensation across publicly traded companies.
• Comparable companies in the retail sector, such as Macy's (M) or Nordstrom (JWN), frequently report similar transactions from their executives as part of their long-term incentive plans.
• The specific volume and value of shares transacted are relative to the executive's compensation package and the company's stock price at the time of vesting, aligning with typical industry compensation structures.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction and does not indicate a change in company fundamentals or executive sentiment.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the disposition of shares to cover tax obligations upon RSU vesting and the acquisition of dividend equivalents. Such transactions are common and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to alter an existing investment thesis.

Keywords

Kohl's, KSS, Jill Timm, CFO, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Equity Compensation, Dividend Equivalents, Tax Withholding