Form 4: Kohl's CFO Jill Timm Reports Stock Transactions

Jill Timm, CFO of Kohl's, reports acquisition of shares via dividend equivalent and disposition of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On April 22, 2024, Jill Timm, the Chief Financial Officer of Kohl's, reported transactions involving Kohl's common stock.
• Timm acquired 5,539 shares representing the dividend equivalent amount on vested restricted stock units.
• She also disposed of 33,044 shares at a price of $23.19 to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, Timm beneficially owns 292,122 shares directly, which includes 82,402 unvested shares of restricted stock and restricted stock units.
• The report was filed on April 23, 2024, by Elizabeth McCright as Power of Attorney.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares via dividend equivalent suggests a return of value to the executive.

Negatives

• The disposal of shares to cover tax obligations reduces the executive's holdings, although this is a common practice.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates