Form 4: Kohl's Director Yael Cosset Reports Acquisition of 6,820 Shares of Common Stock

Director Yael Cosset reports acquiring 6,820 shares of Kohl's common stock through deferred restricted stock units.

Summary

• On May 15, 2024, Yael Cosset, a director of Kohl's Corp, acquired 6,820 shares of common stock.
• The acquisition was in the form of deferred restricted stock units under the company's Long-Term Compensation Plan.
• These units vest in full on the earlier of the first anniversary of the grant date or the date of the company's annual meeting for the following year.
• The units will be settled in shares of company common stock upon Cosset's termination of service as a director.
• Following the transaction, Cosset beneficially owns 34,962 shares of Kohl's common stock, including 6,820 unvested deferred restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

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

Future Outlook

The deferred restricted stock units vest on the earlier of the first anniversary of the grant date or the date of the company's annual meeting for the following year, and will be settled upon Cosset's termination of service as a director.

Industry Context

Directors receiving stock-based compensation is a common practice in publicly traded companies to align their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to directors are a typical component of compensation packages in the retail industry, similar to companies like Macy's and Nordstrom.
• The vesting schedules and terms of these grants are generally in line with industry norms, often tied to continued service or performance metrics.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates