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 and disposals to cover tax obligations.

Summary

• On March 27, 2024, Siobhan Mc Feeney, Sr. EVP & Chief Tech. Officer of Kohl's Corp, reported changes in beneficial ownership of Kohl's common stock.
• The transactions included the disposal of 1,149 shares at $26.30 to satisfy tax withholding obligations upon vesting of restricted stock.
• Additionally, 409 shares were acquired as a dividend equivalent on vested restricted stock units.
• Another disposal of 2,571 shares at $26.30 occurred to cover tax withholding obligations upon vesting of restricted stock units and corresponding dividend equivalent amounts.
• Following these transactions, Mc Feeney beneficially owns 163,602 shares, including 132,202 unvested shares of restricted stock and restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of 409 shares as a dividend equivalent on vested restricted stock units indicates a return of value to the executive.

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 seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies, and the specifics (like vesting schedules, tax obligations, and dividend equivalents) are standard components of executive compensation packages.
• Comparing Siobhan Mc Feeney's holdings and transactions to those of executives at similar retailers (e.g., Target, Walmart, Macy's) would provide a benchmark for assessing the scale and nature of her equity compensation.
• Companies like Amazon and Google also use restricted stock units and stock options as part of their compensation packages.

Stakeholder Impact

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

Key Dates