Kohl's (NYSE: KSS) CEO Michael Bender receives 311,475-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl's Corporation director and Chief Executive Officer Michael J. Bender received an equity grant of 311,475 shares of Common Stock as a grant, award, or other acquisition. The award is in the form of time-vested restricted stock units under the company’s long-term incentive program.
These restricted stock units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. After this grant, Bender holds 787,793 shares of Common Stock in total, which includes 752,480 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bender Michael J
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 311,475 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 787,793 shares (Direct)
Footnotes (1)
- Annual award pursuant to the Company's long-term incentive program. These time-vested restricted stock units vest in three equal annual installments on the first through third anniversaries of the grant date. Includes 752,480 unvested restricted stock units.
Key Figures
Equity grant size: 311,475 shares
Post-transaction holdings: 787,793 shares
Unvested RSUs: 752,480 units
+1 more
4 metrics
Equity grant size
311,475 shares
Grant, award, or other acquisition of Common Stock
Post-transaction holdings
787,793 shares
Total Common Stock held after the transaction
Unvested RSUs
752,480 units
Unvested restricted stock units included in holdings
Grant price
$0.0000 per share
Reported transaction price per share for the grant
Key Terms
restricted stock units, long-term incentive program, time-vested, grant, award, or other acquisition
4 terms
restricted stock units financial
"These time-vested restricted stock units vest in three equal annual installments"
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.
long-term incentive program financial
"Annual award pursuant to the Company's long-term incentive program"
time-vested financial
"These time-vested restricted stock units vest in three equal annual installments"
Time-vested describes a right—such as stock options, restricted shares, or pension benefits—that becomes fully owned by an individual only after they have waited for or worked through a specified period. For investors, it matters because these delayed ownership rules affect when insiders or employees can sell shares, which influences share supply, executive incentives, and the timing of potential stock dilution or insider-driven stock sales.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did KOHLS Corp (KSS) report for Michael J. Bender?
Kohl's reported that Michael J. Bender received 311,475 shares of Common Stock as a grant under the company’s long-term incentive program. The award was classified as a grant, award, or other acquisition, not an open-market purchase or sale.
What are the vesting terms of Michael J. Bender’s new restricted stock units at KOHLS Corp (KSS)?
The restricted stock units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. This time-based vesting schedule ties the award to continued service over multiple years.
How many unvested restricted stock units does Michael J. Bender have at Kohl's (KSS)?
Michael J. Bender’s reported holdings include 752,480 unvested restricted stock units. These unvested units form a major component of his total equity position and will vest over time according to the company’s incentive plan.
Was the Kohl's (KSS) Form 4 transaction a market purchase or sale by Michael J. Bender?
No, the filing classifies the transaction as a grant, award, or other acquisition of 311,475 shares, not a market trade. The transaction reflects equity compensation rather than an open-market buy or sell decision.