Form 4: Kohl's CFO Jill Timm Reports Stock Transactions
SEC Form 4 Filing
Kohl's Chief Financial Officer, Jill Timm, reported the acquisition of 572 shares and the disposal of 269 shares to cover tax obligations.
Summary
- Jill Timm, the Chief Financial Officer of Kohl's, reported a series of stock transactions.
- On December 24, 2024, she acquired 572 shares of common stock as a result of vested restricted stock in lieu of a $0.50 per share dividend.
- On December 26, 2024, she disposed of 269 shares of common stock at a price of $14.29 per share to satisfy tax withholding obligations related to the issuance of additional shares.
- Following these transactions, Ms. Timm beneficially owns 252,392 shares of Kohl's common stock, which includes 66,694 unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, which is neutral to slightly positive as it shows the CFO's continued stake in the company.
Positives
- The acquisition of shares indicates continued alignment of the CFO's interests with the company's performance.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the CFO's compensation and tax obligations.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported by Jill Timm are typical for executives receiving stock-based compensation.
- Many companies use restricted stock units as part of executive compensation packages, and the tax withholding process is a common occurrence.
- Comparable companies such as Macy's and Nordstrom also have executives who regularly report similar transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/24/2024 | Date of acquisition of 572 shares of common stock. |
| 12/26/2024 | Date of disposal of 269 shares of common stock to cover tax obligations. |
| 12/27/2024 | Date of signature of the report by Megan E. Glise, P.O.A. |
Keywords
Kohl's, Jill Timm, CFO, stock transactions, Form 4, insider trading, restricted stock, tax withholding
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