Form 4: Kohl's Director Michael Bender Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Michael Bender acquired 212 shares of Kohl's common stock due to a dividend reinvestment program, according to a recent SEC filing.
Summary
- On April 2, 2025, Michael J Bender, a director of Kohl's Corp, acquired 212 shares of common stock.
- The acquisition was a result of receiving additional restricted stock in lieu of a $0.125 per share dividend issued by the company on all Common Stock.
- These shares vest on the same schedule as the underlying shares of restricted stock.
- Following the transaction, Bender beneficially owns 40,584 shares of Kohl's common stock, which includes 14,783 unvested shares of restricted stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction (dividend reinvestment) and doesn't necessarily indicate strong positive or negative sentiment about the company's future.
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. This transaction reflects a director increasing their stake through dividend reinvestment.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a director.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of transaction: Michael Bender acquired 212 shares of Kohl's common stock. |
| 04/02/2025 | Date of dividend issuance: The company issued a $0.125 per share dividend on all Common Stock. |
| 04/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Kohl's, Director, Insider Trading, Form 4, Dividend Reinvestment, Stock Acquisition, KSS, Michael Bender
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