Form 4: Kohl's Corp Executive Jennifer J. Kent Reports Changes in Beneficial Ownership

Jennifer J. Kent, Sr. EVP & CLO & Corp. Sec. of Kohl's Corp, reports acquisition and disposal of common stock related to vested restricted stock units and tax obligations.

Summary

• On March 27, 2024, Jennifer J. Kent, a Senior EVP & CLO & Corp. Sec. at Kohl's Corp, reported changes in beneficial ownership of the company's common stock.
• Kent acquired 409 shares of common stock representing the dividend equivalent amount on vested restricted stock units.
• Kent disposed of 3,118 shares of common stock at a price of $26.3 to satisfy tax withholding obligations upon the vesting of restricted stock units and corresponding dividend equivalent amounts.
• Following these transactions, Kent beneficially owns 139,777 shares of Kohl's Corp common stock, which includes 106,014 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and does not indicate any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and dividend equivalents, are common across the retail industry.
• Companies like Macy's (M), Nordstrom (JWN), and Target (TGT) also utilize similar equity-based compensation plans for their executives.
• The tax withholding practices related to vesting of restricted stock units are standard and compliant with IRS regulations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they relate to executive compensation and do not reflect any material changes in the company's operations or financial condition.

Key Dates