Form 4: Kohl's CFO Jill Timm Reports Acquisition of 112,469 Shares

Chief Financial Officer of Kohl's, Jill Timm, reports acquiring 112,469 shares of common stock on March 31, 2025, as part of the company's long-term incentive program.

Summary

• Jill Timm, the Chief Financial Officer of Kohl's, filed a Form 4 on April 2, 2025, reporting a transaction.
• On March 31, 2025, Timm acquired 112,469 shares of Kohl's common stock.
• This acquisition was part of the company's long-term incentive program.
• The reported transaction increased Timm's direct ownership to 360,309 shares of common stock, including 157,175 unvested restricted stock units.
• The restricted stock units vest in three equal annual installments from the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by the CFO suggests confidence in the company, but it's a routine transaction.

Positives

• The acquisition of shares by a key executive like the CFO can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock units implies a multi-year commitment from the executive.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. The long-term incentive program is a typical way to incentivize executives to focus on long-term value creation.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Kohl's.
• Companies such as Macy's (M), Nordstrom (JWN), and Target (TGT) also utilize similar long-term incentive programs to retain and motivate their key executives.
• The vesting schedules and the proportion of equity-based compensation are generally benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The stock acquisition could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, Kohl's, Jill Timm, CFO, Stock Acquisition, Long-Term Incentive Program, Restricted Stock Units, Beneficial Ownership