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

Siobhan Mc Feeney, Sr. EVP & Chief Tech. Officer of Kohl's Corp, reports transactions involving common stock, including acquisitions related to dividend equivalents and disposals to cover tax obligations.

Summary

• On April 3, 2024, Siobhan Mc Feeney, Sr. EVP & Chief Tech. Officer of Kohl's Corp, reported changes in beneficial ownership of Kohl's common stock.
• Mc Feeney acquired 120 shares of common stock as an award of additional restricted stock in lieu of a $0.50 per share dividend.
• She also acquired 162 shares representing the dividend equivalent amount on vested restricted stock units.
• 31 shares were disposed of to satisfy tax withholding obligations upon vesting of restricted stock dividend equivalent amounts.
• An additional 84 shares were disposed of to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts.
• Following these transactions, Mc Feeney beneficially owns 162,990 shares of Kohl's common stock, which includes 130,447 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of additional shares through dividend equivalents indicates a continued investment in the company by the executive.
• The receipt of restricted stock in lieu of cash dividends can be seen as a positive sign of the company's commitment to long-term equity incentives.

Negatives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Kohl's.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.
• Similar filings can be observed for executives at comparable retailers such as Macy's (M) and Target (TGT).

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates