Form 4: Kohl's Corp Executive Raymond Christie Reports Changes in Beneficial Ownership

Raymond Christie, Sr. EVP & Chief Marketing Officer of Kohl's Corp, reports transactions involving common stock, including acquisitions and disposals to cover tax obligations.

Summary

• On April 2, 2025, Raymond Christie, Sr. EVP & Chief Marketing Officer of Kohl's Corp, reported changes in beneficial ownership of Kohl's common stock.
• These transactions included the acquisition of 65 shares related to vested restricted stock in lieu of a dividend, the disposal of 21 shares to satisfy tax withholding obligations at a price of $8.26, the acquisition of 224 shares representing dividend equivalents on vested restricted stock units, and the disposal of 74 shares to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts at a price of $8.26.
• Following these transactions, Christie beneficially owns 256,895 shares of Kohl's common stock, which includes 164,652 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares in lieu of dividends and as dividend equivalents on restricted stock units indicates a form of compensation and investment in the company's stock.

Negatives

• The disposal of shares to cover tax obligations, while a normal part of compensation, reduces the executive's overall holdings.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and dividend equivalents, aligning executive interests with shareholder value.
• The practice of disposing of shares to cover tax obligations is standard across the industry.

Stakeholder Impact

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

Key Dates

Keywords

beneficial ownership, Form 4, Kohl's Corp, Raymond Christie, common stock, restricted stock units, tax withholding, dividend equivalents