Form 4: Kohl's Corp Director Shapira Acquires Additional Deferred Restricted Stock Units

Director Adriane Shapira acquired 147 deferred restricted stock units of Kohl's Corp in lieu of a cash dividend.

Summary

• On September 25, 2024, Adriane Shapira, a director of Kohl's Corp, acquired 147 deferred restricted stock units.
• This acquisition was in lieu of a $0.50 per share dividend issued by the company on all Common Stock.
• The acquired units vest and will be settled on the same schedule as the underlying deferred restricted stock units.
• Following the transaction, Shapira beneficially owns 36,915 shares of Common Stock, which includes 5,919 unvested deferred restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director receiving stock in lieu of a dividend, which is neither particularly positive nor negative.

Positives

• The acquisition of deferred restricted stock units in lieu of a cash dividend could be seen as a positive sign of the director's long-term commitment to the company.

Industry Context

Directors receiving stock in lieu of dividends is a fairly common practice, aligning their interests with shareholders and incentivizing long-term value creation.

Stakeholder Impact

• The acquisition of stock units by a director can align the director's interests with those of the shareholders.

Key Dates