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

Kohl's Chief Financial Officer Jill Timm reported the acquisition and disposal of company stock related to dividend equivalents and tax obligations.

Summary

• On April 3, 2024, Jill Timm, the Chief Financial Officer of Kohl's Corp, reported transactions involving Kohl's common stock.
• These transactions include the acquisition of 442 shares as a dividend equivalent, the disposal of 74 shares to cover tax obligations, the acquisition of 293 shares representing dividend equivalents on vested restricted stock units, and the disposal of 140 shares to cover tax obligations on those units.
• Following these transactions, Timm beneficially owns 286,583 shares of Kohl's common stock, which includes 147,169 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative implications for the company.

Positives

• The acquisition of shares as dividend equivalents indicates a return of value to shareholders, including executives like Jill Timm.

Negatives

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

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates