Form 4: Kohl's Executive Sells Shares Under Pre-Arranged Trading Plan

A Kohl's executive, Siobhan Mc Feeney, sold 3,827 shares of common stock at $14.05 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Siobhan Mc Feeney, a Senior EVP & Chief Tech & Digital Officer at Kohl's, sold 3,827 shares of Kohl's common stock on January 3, 2025.
• The sale was executed at a price of $14.05 per share.
• This transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted on May 31, 2024.
• Following the transaction, Mc Feeney still beneficially owns 133,091 shares, which includes 108,083 unvested restricted stock and restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider stock sale under a pre-arranged trading plan, which is common practice for executives at publicly traded companies. It does not indicate any specific trend or issue within the retail industry.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice among executives at publicly traded companies, including Kohl's competitors such as Macy's (M), Target (TGT), and Walmart (WMT).
• These plans allow insiders to sell shares without being accused of trading on non-public information.
• The volume of shares sold is relatively small compared to the total outstanding shares of Kohl's, and is not unusual for an executive's pre-planned sale.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the pre-planned nature of the transaction.

Key Dates

Keywords

Kohl's, insider trading, stock sale, Rule 10b5-1, executive, Siobhan Mc Feeney, equity securities