Form 4: Kohl's Corp Director Wendy C. Arlin Reports Changes in Beneficial Ownership

Director Wendy C. Arlin reports acquisition of Kohl's Corp stock and deferred restricted stock units in lieu of a dividend payment.

Summary

• On June 26, 2024, Wendy C. Arlin, a director of Kohl's Corp, acquired 122 shares of common stock.
• These shares were awarded in lieu of a $0.50 per share dividend issued by the company.
• Arlin also acquired 121 deferred restricted stock units in lieu of the same dividend.
• Following these transactions, Arlin beneficially owns 11,427 shares of common stock directly and 11,548 unvested deferred restricted stock units and shares of restricted stock.
• The restricted stock and deferred restricted stock units vest on the same schedule as the underlying shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with neutral sentiment.

Positives

• The acquisition of shares and units in lieu of dividends could be seen as a tax-efficient way for the director to increase their stake in the company.

Industry Context

This filing is a routine disclosure related to insider transactions and dividend policies, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to insider ownership and dividend policy.

Key Dates