Kohl's (KSS) CLO gets 1,418 share dividend as 2,446 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl's Corporation Sr. EVP, CLO & Corporate Secretary Jennifer J. Kent received 1,418 shares of common stock as a dividend-equivalent issuance tied to vested restricted stock units. On the same date, 2,446 shares were withheld to cover tax obligations on those vestings.
After these compensation-related entries, Kent directly holds 210,288 Kohl's shares, including 90,904 unvested restricted stock units. The filing reflects routine equity compensation and associated tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kent Jennifer J.
Role
Sr. EVP, CLO & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,418 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,446 | $12.92 | $32K |
Holdings After Transaction:
Common Stock — 212,734 shares (Direct)
Footnotes (1)
- Issuance of additional shares representing dividend equivalent amount on vested restricted stock units. Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock units and corresponding dividend equivalent amounts under the Company's Long-Term Compensation Plan. Includes 90,904 unvested restricted stock units.
FAQ
What did Kohl's (KSS) executive Jennifer J. Kent report in this Form 4?
Jennifer J. Kent reported routine equity compensation activity: 1,418 Kohl’s common shares were issued as dividend-equivalent stock on vested restricted stock units, and 2,446 shares were withheld to satisfy related tax obligations under the company’s Long-Term Compensation Plan.
What does it mean that Jennifer J. Kent has 90,904 unvested restricted stock units of Kohl's (KSS)?
The 90,904 unvested restricted stock units are promised equity awards that will convert into Kohl’s shares if vesting conditions are met. They provide future potential ownership but are not yet fully owned or freely tradable like vested common shares.