Form 4: Kohl's Corp Executive Siobhan Mc Feeney Reports Stock Transactions

Siobhan Mc Feeney, a Senior EVP & Chief Tech & Digital Officer at Kohl's Corp, reported the acquisition and disposal of company stock on June 17, 2024.

Summary

• On June 17, 2024, Siobhan Mc Feeney, a Senior EVP & Chief Tech & Digital Officer at Kohl's Corp, reported transactions involving Kohl's common stock.
• Mc Feeney acquired 650 shares of common stock representing the dividend equivalent amount on vested restricted stock units.
• She also disposed of 5,671 shares to satisfy tax withholding obligations upon the vesting of restricted stock units and corresponding dividend equivalent amounts at a price of $21.58.
• Following these transactions, Mc Feeney beneficially owns 163,640 shares directly, which includes 119,908 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 executive compensation and tax obligations. There is no indication of unusual activity or concern.

Positives

• The acquisition of shares through dividend equivalents increases the executive's stake in the company.

Negatives

• The disposal of shares to cover tax obligations reduces the executive's holdings, although this is a common practice.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation plans. These transactions can provide insights into an executive's perspective on the company's value, but are often driven by personal financial planning needs.

Comparison to Industry Standards

• Executive compensation structures, including restricted stock units and dividend equivalents, are standard practice among publicly traded companies like Target (TGT) and Walmart (WMT).
• Tax withholding obligations upon vesting of equity awards are also a common reason for executives to dispose of shares.
• The size of the transactions and the remaining holdings are within typical ranges for executives at similar levels in comparable companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are part of standard executive compensation practices.

Key Dates