Form 4: Kohl's Corp Executive Siobhan Mc Feeney Reports Changes in Beneficial Ownership
SEC Filing
Siobhan Mc Feeney, former Chief Tech & Digital Officer of Kohl's Corp, reports changes in beneficial ownership of company stock following her departure.
Summary
- Siobhan Mc Feeney, the former Chief Tech & Digital Officer of Kohl's Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's common stock on April 2, 2025.
- The transactions include the acquisition of shares due to vested restricted stock in lieu of a dividend and dividend equivalent amounts on vested restricted stock units.
- Shares were also disposed of to satisfy tax withholding obligations related to these issuances.
- Following these transactions, Mc Feeney beneficially owns 128,219 shares of Kohl's common stock, which includes 89,860 unvested restricted stock units.
- Ms. Mc Fenney departed the Company effective April 2, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Positives
- The issuance of shares in lieu of dividends and as dividend equivalents suggests a continued investment in equity compensation.
Industry Context
Executive departures and changes in stock ownership are common occurrences in publicly traded companies. Form 4 filings provide transparency into these transactions.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in the US, ensuring transparency in their trading activities.
- Companies like Walmart (WMT) and Target (TGT) also have similar filings when their executives trade company stock.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Tech & Digital Officer | Siobhan Mc Feeney | TBD | 04/02/2025 | Departure from the Company |
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- Employees may be affected by the departure of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of earliest transaction and Ms. Mc Fenney's departure from the Company. |
| 04/02/2025 | Dividend payable date. |
| 04/04/2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Kohl's Corp, Stock, Dividends, Restricted Stock Units, Tax Withholding, Executive Departure
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