Form 4: Kohl's Director Christine Day McCormick Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Christine Day McCormick reports acquiring 89 shares of Kohl's common stock due to a dividend reinvestment.
Summary
- On April 2, 2025, Christine Day McCormick, a director of Kohl's Corp, acquired 89 shares of common stock.
- The acquisition was due to an award of additional restricted stock in lieu of a $0.125 per share dividend issued by the company on all common stock.
- Following the transaction, McCormick directly owns 19,722 shares of Kohl's common stock, including 6,213 unvested shares of restricted stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to dividend reinvestment, which is neither particularly positive nor negative.
Positives
- The director's increased stake in the company could be seen as a positive signal.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Dividend reinvestment plans are a common way for companies to distribute value to shareholders.
Stakeholder Impact
- The dividend reinvestment impacts shareholders by providing them with additional shares instead of cash.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of transaction: Acquisition of 89 shares of common stock. |
| 04/02/2025 | Dividend payable date of $0.125 per share. |
| 04/04/2025 | Date of Form 4 filing. |
Keywords
Kohl's, Director, Stock Acquisition, Dividend Reinvestment, Common Stock, Form 4, SEC Filing
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