Form 4: Kohl's CFO Jill Timm Disposes of Shares to Cover Tax Obligations

Kohl's Chief Financial Officer, Jill Timm, disposed of 7,733 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• Jill Timm, the Chief Financial Officer of Kohl's Corp, disposed of 7,733 shares of common stock on December 13, 2024.
• The shares were sold at a price of $14.15 per share.
• This transaction was to cover tax withholding obligations upon the vesting of restricted stock under the company's Long-Term Compensation Plan.
• Following the transaction, Ms. Timm beneficially owns 252,089 shares, which includes 66,694 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations and does not indicate a positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Kohl's, Jill Timm, CFO, stock disposal, Form 4, insider trading, restricted stock, tax obligations