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

Jill Timm, CFO of Kohl's, reports acquisition and disposal of company stock related to vested restricted stock units and tax obligations.

Summary

• On April 1, 2024, Jill Timm, the Chief Financial Officer of Kohl's, reported transactions involving Kohl's common stock.
• She acquired 372 shares representing a dividend equivalent amount on vested restricted stock units.
• She disposed of 1,192 shares to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $29.15 per share.
• Following these transactions, Timm beneficially owns 286,062 shares of Kohl's stock, which includes 146,882 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 5

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

Positives

• The acquisition of shares through dividend equivalents indicates a continued investment in the company by the CFO.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the CFO's overall holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

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

Key Dates