Kohl’s (KSS) CFO Jill Timm logs RSU dividend shares and tax withholding
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 restricted stock units. On the transaction date, she acquired 814 shares of Kohl’s common stock at no cost as additional shares representing dividend equivalents on vested restricted stock units.
On the same date, 1,075 shares of common stock were withheld to cover tax obligations tied to the vesting of restricted stock units and related dividend equivalents under the company’s Long-Term Compensation Plan. After these transactions, she directly held 343,947 shares of Kohl’s common stock, including 137,351 unvested restricted stock units.
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 | 814 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,075 | $12.46 | $13K |
Holdings After Transaction:
Common Stock — 345,022 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 137,351 unvested restricted stock units.
Key Figures
RSU dividend equivalent shares: 814 shares
Shares withheld for taxes: 1,075 shares
Shares held after transactions: 343,947 shares
+2 more
5 metrics
RSU dividend equivalent shares
814 shares
Common stock granted at $0.0000 per share as dividend equivalents on vested RSUs
Shares withheld for taxes
1,075 shares
Common stock used to satisfy tax withholding at $12.4600 per share
Shares held after transactions
343,947 shares
Direct Kohl’s common stock holdings following reported Form 4 transactions
Unvested restricted stock units
137,351 RSUs
Unvested RSUs included in post-transaction holdings
Tax withholding price
$12.4600 per share
Price used for 1,075 shares withheld to satisfy tax obligations
Key Terms
dividend equivalent, restricted stock units, tax withholding obligations, Long-Term Compensation Plan
4 terms
dividend equivalent financial
"Issuance of additional shares representing dividend equivalent amount on vested restricted stock units."
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
restricted stock units financial
"Issuance of additional shares representing dividend equivalent amount on vested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock units"
Long-Term Compensation Plan financial
"under the Company's Long-Term Compensation Plan."
FAQ
What insider transactions did Kohl’s (KSS) CFO Jill Timm report?
Kohl’s CFO Jill Timm reported routine equity compensation activity. She received 814 common shares as dividend equivalents on vested restricted stock units, and 1,075 shares were withheld to satisfy tax obligations related to vesting under the company’s Long-Term Compensation Plan.
Were Jill Timm’s Kohl’s (KSS) transactions open-market buys or sells?
The reported transactions were not open-market trades. They reflect a grant/award of 814 shares tied to dividend equivalents on vested restricted stock units and a tax-withholding disposition of 1,075 shares when those units vested under Kohl’s Long-Term Compensation Plan.
How many unvested restricted stock units does Jill Timm hold at Kohl’s (KSS)?
Jill Timm holds 137,351 unvested restricted stock units after the reported transactions. These units are part of Kohl’s Long-Term Compensation Plan and will convert into common shares only as vesting conditions, such as continued service or performance goals, are satisfied over time.