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

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

Summary

• On March 28, 2024, Jill Timm, the Chief Financial Officer of Kohl's Corp, acquired 371 shares of common stock due to the issuance of additional shares representing the dividend equivalent amount on vested restricted stock units.
• On the same day, Ms. Timm disposed of 1,370 shares of common stock at a price of $28.44 to satisfy tax withholding obligations upon the vesting of restricted stock units and corresponding dividend equivalent amounts.
• Following these transactions, Ms. Timm beneficially owns 286,882 shares of Kohl's Corp, which includes 149,046 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and don't necessarily indicate a positive or negative outlook for the company. The CFO is maintaining a significant holding in the company.

Positives

• The acquisition of shares via dividend equivalent suggests a continued investment in the company by the CFO.

Negatives

• The sale of shares to cover tax obligations, while routine, slightly reduces the CFO's holdings in the company.

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