Form 4: Kohl's Director Michael Bender Acquires Shares as Dividend Equivalent

Director Michael J. Bender acquired 289 shares of Kohl's Corp common stock on June 26, 2024, as a dividend equivalent in the form of restricted stock.

Summary

• On June 26, 2024, Michael J. Bender, a director of Kohl's Corp, acquired 289 shares of common stock.
• This acquisition was due to an award of additional restricted stock in lieu of a $0.50 per share dividend issued by the company on all Common Stock.
• These shares vest on the same schedule as the underlying restricted shares.
• Following the transaction, Bender beneficially owns 39,535 shares of Kohl's Corp, which includes 13,734 unvested shares of restricted stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake is generally a good sign, but this was through a dividend equivalent rather than an open market purchase.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's increased stake in the company, albeit through a dividend equivalent.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.

Key Dates