Kohl’s (KSS) CFO logs RSU dividend shares and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl’s Corp Chief Financial Officer Jill Timm reported routine equity compensation adjustments involving common stock. She received 2,206 shares at no cost, issued as dividend-equivalent shares on vested restricted stock units. On the same date, 3,805 shares were surrendered to cover tax withholding obligations tied to vesting.
After these non-market transactions, she directly holds 344,208 common shares, which the disclosure states includes 139,893 unvested restricted stock units. These movements reflect compensation and tax mechanics rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Timm Jill
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,206 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,805 | $12.92 | $49K |
Holdings After Transaction:
Common Stock — 348,013 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 139,893 unvested restricted stock units.
FAQ
What did Kohl’s (KSS) CFO Jill Timm report in this Form 4?
Jill Timm reported routine equity compensation activity. She received 2,206 Kohl’s common shares as dividend equivalents on vested restricted stock units and surrendered 3,805 shares to satisfy tax withholding, leaving 344,208 shares directly held, including a large unvested RSU balance.
What does the unvested RSU balance mean for Kohl’s (KSS) CFO Jill Timm?
The filing states her holdings include 139,893 unvested restricted stock units. These represent stock-based compensation that will convert into Kohl’s shares only as vesting conditions are met over time, aligning a portion of her pay with future company performance and continued service.