Kohl’s (KSS) director receives additional deferred stock units tied to dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floyd H. Charles reported acquisition or exercise transactions in this Form 4 filing.
Kohl's Corp director Floyd H. Charles reported routine equity compensation adjustments tied to the company’s dividend. On June 24, 2026, he received 123 and 78 additional deferred restricted stock units of common stock, both granted at $0.125 per share in lieu of a cash dividend. These new units will vest and be settled on the same schedule as the underlying deferred restricted stock units already held. Following these awards, Charles directly holds 64,503 shares of common stock, including 11,954 unvested deferred restricted stock units, reflecting ongoing participation in Kohl’s stock-based compensation and dividend-equivalent programs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Floyd H. Charles
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 78 | $0.00 | -- |
| Grant/Award | Common Stock | 123 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 64,380 shares (Direct, null)
Footnotes (1)
- Award of additional deferred restricted stock units in lieu of $0.125 per share dividend issued by the Company on all common stock, which was payable on June 24, 2026. These units vest and will be settled on the same schedule as the underlying deferred restricted stock units. Award of additional deferred restricted stock units in lieu of $0.125 per share dividend issued by the Company on all common stock, which was payable on June 24, 2026. These units will be settled on the same schedule as the underlying deferred restricted stock units. Includes 11,954 unvested deferred restricted stock units.
Key Figures
Dividend-equivalent award 1: 123 deferred restricted stock units
Dividend-equivalent award 2: 78 deferred restricted stock units
Dividend rate per share: $0.125 per share
+3 more
6 metrics
Dividend-equivalent award 1
123 deferred restricted stock units
Award in lieu of $0.125 per share dividend on June 24, 2026
Dividend-equivalent award 2
78 deferred restricted stock units
Award in lieu of $0.125 per share dividend on June 24, 2026
Dividend rate per share
$0.125 per share
Dividend on all Kohl’s common stock payable June 24, 2026
Shares held after transaction (higher figure)
64,503 shares
Common stock directly held by Floyd H. Charles after awards
Shares held after transaction (lower figure)
64,380 shares
Alternate post-transaction share figure reported for one line
Unvested deferred RSUs
11,954 units
Unvested deferred restricted stock units included in holdings
Key Terms
deferred restricted stock units, dividend, unvested
3 terms
deferred restricted stock units financial
"Award of additional deferred restricted stock units in lieu of $0.125 per share dividend issued by the Company"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
dividend financial
"in lieu of $0.125 per share dividend issued by the Company on all common stock"
A dividend is a payment that a company gives to its shareholders, usually from its profits. It’s like a bonus or reward for owning the company's stock, and it can provide a steady income stream for investors. Companies pay dividends to share their success with the people who own their stock.
unvested financial
"Includes 11,954 unvested deferred restricted stock units."
FAQ
What did Kohl's (KSS) director Floyd H. Charles report in this Form 4?
Floyd H. Charles reported two routine equity awards linked to Kohl’s dividend. He received additional deferred restricted stock units instead of cash, reflecting dividend equivalents that follow the same vesting schedule as his existing deferred restricted stock units.
Why did Floyd H. Charles receive additional deferred restricted stock units in Kohl's (KSS)?
The additional units were granted in lieu of a $0.125 per share cash dividend on Kohl’s common stock. This structure credits dividend-equivalent value in stock form, aligning director compensation with shareholder returns while maintaining the same vesting schedule as existing deferred awards.
What are deferred restricted stock units in the context of Kohl's (KSS) Form 4?
Deferred restricted stock units are stock-based awards that represent a right to receive shares in the future, subject to vesting conditions. For Floyd H. Charles, these units also earn dividend-equivalent awards, which are added as extra units instead of paying cash dividends now.
Do these Kohl's (KSS) Form 4 transactions indicate an open-market purchase or sale?
No, the transactions are coded as awards (A), not open-market trades. They represent additional deferred restricted stock units granted as dividend equivalents, rather than Floyd H. Charles buying or selling Kohl’s shares in the public market.