Form 4: Kohl's Executive Receives Stock Award in Lieu of Dividend

A Kohl's executive, Christie Raymond, received 521 shares of common stock as a stock award in place of a cash dividend.

Summary

• Christie Raymond, a Senior EVP and Chief Marketing Officer at Kohl's, received 521 shares of common stock on December 24, 2024.
• This stock award was given in lieu of a $0.50 per share cash dividend that was issued by the company on all common stock.
• The awarded shares will vest on the same schedule as the underlying restricted shares.
• As of this transaction, Raymond beneficially owns 191,255 shares of Kohl's common stock, which includes 120,128 unvested restricted shares and restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive for investors as it aligns management with shareholder interests.

Positives

• The stock award aligns executive compensation with company performance.
• The award of shares in lieu of a cash dividend is a tax efficient way to reward executives.

Industry Context

Stock awards are a common form of executive compensation in publicly traded companies, often used to align management interests with shareholder value. This is a standard practice for Kohl's.

Comparison to Industry Standards

• Many retail companies use stock awards as part of their executive compensation packages.
• Companies like Macy's and Target also use similar methods to incentivize their executives.
• The vesting schedules for restricted stock are typically aligned with performance metrics and long-term company goals.

Stakeholder Impact

• Shareholders may view this as a positive as it aligns executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

stock award, executive compensation, dividend, restricted stock, Kohl's, insider trading, form 4