Form 4: Kohl's Corp Executive Raymond Christie Reports Stock Transactions

Raymond Christie, Sr. EVP & Chief Marketing Officer at Kohl's Corp, reports acquisition and disposal of common stock related to dividend equivalents and tax obligations.

Summary

• Raymond Christie, a Senior EVP & Chief Marketing Officer at Kohl's Corp, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• On September 25, 2024, Christie acquired 370 shares of common stock as an award in lieu of a $0.50 per share dividend.
• On September 26, 2024, he acquired 409 shares representing the dividend equivalent amount on vested restricted stock units.
• Also on September 26, 2024, 193 shares were disposed of to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts at a price of $19.76.
• Following these transactions, Christie beneficially owns 190,734 shares of Kohl's Corp common stock, which includes 119,607 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and don't indicate a significant shift in the executive's confidence or the company's prospects.

Positives

• The acquisition of shares in lieu of dividends and as dividend equivalents suggests a continued investment in the company by the executive.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Key Dates