Form 4: Kohl's Director Michael J. Bender Acquires Shares Through Dividend Reinvestment
SEC Form 4
Director Michael J. Bender acquired 348 shares of Kohl's Corp common stock due to a dividend reinvestment program.
Summary
- On September 25, 2024, Michael J. Bender, a director of Kohl's Corp, acquired 348 shares of common stock.
- The acquisition was a result of receiving additional restricted stock in lieu of a $0.50 per share dividend issued by the company on all Common Stock.
- Following the transaction, Bender beneficially owns 39,883 shares of Kohl's common stock, which includes 14,082 unvested shares of restricted stock.
Sentiment
Score: 6
Explanation: The document itself is neutral, simply reporting a transaction. The fact that a director is increasing their stake is mildly positive.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Directors receiving stock in lieu of dividends is a fairly common practice, especially for restricted stock grants. It aligns director interests with shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals director confidence.
Key Dates
| Date | Description |
|---|---|
| 09/25/2024 | Date of transaction: Michael J. Bender acquired 348 shares of Kohl's Corp common stock. |
| 09/25/2024 | Date of dividend: $0.50 per share dividend issued by the Company on all Common Stock. |
| 09/27/2024 | Date of signature: Elizabeth McCright, P.O.A., signed the document. |
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