Form 4: Kohl's Corp Executive Siobhan Mc Feeney Reports Changes in Beneficial Ownership

Siobhan Mc Feeney, a Senior EVP & Chief Tech & Digital Officer at Kohl's Corp, reported transactions involving common stock, including acquisitions related to dividend equivalents and shares used for tax withholding.

Summary

• Siobhan Mc Feeney, a Senior EVP & Chief Tech & Digital Officer at Kohl's Corp, filed a Form 4 detailing changes in beneficial ownership.
• On June 26, 2024, Mc Feeney acquired 70 shares of common stock as an award of additional restricted stock in lieu of a $0.50 per share dividend.
• On June 27, 2024, Mc Feeney acquired 240 shares representing the dividend equivalent amount on vested restricted stock units.
• Also on June 27, 2024, 122 shares were disposed of to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts at a price of $23.98.
• Following these transactions, Mc Feeney beneficially owns 158,157 shares of common stock, which includes 119,978 unvested shares of restricted stock and 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 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 transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.

Key Dates