Form 4: Kohl's Corp CFO Jill Timm Reports Changes in Beneficial Ownership

CFO Jill Timm reports transactions involving Kohl's Corp stock, including shares withheld for tax obligations and the issuance of dividend equivalent shares.

Summary

• Jill Timm, CFO of Kohl's Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On March 27, 2024, 3,940 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock at a price of $26.3 per share.
• An additional 636 shares were acquired as a dividend equivalent on vested restricted stock units.
• Another 4,850 shares were disposed of to cover tax withholding obligations on vesting restricted stock units and dividend equivalents, also at $26.3 per share.
• Following these transactions, Timm directly owns 287,881 shares of Kohl's Corp stock, which includes 151,588 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are related to standard compensation practices (tax obligations and dividend equivalents) and do not necessarily indicate a change in the CFO's confidence in the company.

Positives

• The acquisition of 636 shares as a dividend equivalent suggests the company is performing well enough to provide such benefits.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

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

Key Dates