Kohl’s (KSS) CLO Jennifer Kent logs share awards and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl’s Corp senior executive Jennifer J. Kent reported routine equity compensation-related share movements. On April 1, 2026, she received additional common shares issued as dividend equivalents on performance share units and vested restricted stock units, tied to a $0.125 per share cash dividend paid on all common stock.
On the same date, a portion of the newly issued shares was withheld to cover tax obligations, using shares valued at $12.90 each. After these awards and tax withholdings, she directly held 257,394 shares of Kohl’s common stock, including 123,831 unvested restricted stock units, indicating a substantial ongoing equity stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Kent Jennifer J.
Role
Sr. EVP, CLO & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 202 | $0.00 | -- |
| Tax Withholding | Common Stock | 95 | $12.90 | $1K |
| Grant/Award | Common Stock | 380 | $0.00 | -- |
| Tax Withholding | Common Stock | 180 | $12.90 | $2K |
Holdings After Transaction:
Common Stock — 257,289 shares (Direct)
Footnotes (1)
- Issuance of additional shares in respect of shares issued in settlement of performance share units in lieu of a $0.125 per share dividend issued by the Company on all common stock, which was payable on April 1, 2026. Represents shares used to satisfy tax withholding obligations with respect to issuance of additional shares. Issuance of additional shares representing the dividend equivalent amount on vested restricted stock units. Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts under the Company's Long-Term Compensation Plan. Includes 123,831 unvested restricted stock units.
Key Figures
Dividend amount: $0.125 per share
Share grant 1: 202 shares
Share grant 2: 380 shares
+4 more
7 metrics
Dividend amount
$0.125 per share
Cash dividend on all common stock payable April 1, 2026
Share grant 1
202 shares
Additional common shares for performance share unit dividend equivalents on April 1, 2026
Share grant 2
380 shares
Additional common shares for restricted stock unit dividend equivalents on April 1, 2026
Tax withholding 1
95 shares at $12.90
Shares withheld to satisfy tax obligations on additional share issuance
Tax withholding 2
180 shares at $12.90
Shares withheld for taxes on RSU dividend equivalent vesting
Shares held after transactions
257,394 shares
Direct Kohl’s common stock holdings following April 1, 2026 activity
Unvested RSUs included
123,831 units
Unvested restricted stock units included in post-transaction holdings
Key Terms
performance share units, restricted stock units, dividend equivalent, tax withholding obligations, +1 more
5 terms
restricted stock units financial
"Issuance of additional shares representing the 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.
dividend equivalent financial
"Issuance of additional shares representing the 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.
tax withholding obligations financial
"Represents shares used to satisfy tax withholding obligations with respect to issuance of additional shares"
Long-Term Compensation Plan financial
"restricted stock unit dividend equivalent amounts under the Company's Long-Term Compensation Plan"
FAQ
What insider transactions did Kohl’s (KSS) executive Jennifer J. Kent report?
Jennifer J. Kent reported equity compensation-related activity, receiving additional common shares as dividend equivalents on performance share units and restricted stock units, and surrendering shares to cover related tax obligations. These are routine, non-open-market transactions rather than discretionary stock purchases or sales.
Were Jennifer J. Kent’s Kohl’s (KSS) transactions open-market buys or sells?
The filing shows no open-market buying or selling. The acquisitions are grants of additional shares as dividend equivalents, while the dispositions are shares withheld to satisfy tax liabilities. These events are mechanical outcomes of compensation plans, not discretionary market trades.
What is the significance of the $0.125 dividend in the Kohl’s (KSS) Form 4 filing?
Kohl’s paid a cash dividend of $0.125 per share on all common stock, payable April 1, 2026. In connection with this, additional shares were issued to Jennifer J. Kent as dividend equivalents on her performance share units and restricted stock units, reflecting the dividend on her equity awards.
What types of equity awards are referenced in the Kohl’s (KSS) insider filing?
The filing references performance share units and restricted stock units granted under Kohl’s Long-Term Compensation Plan. Additional common shares were issued as dividend equivalents on these awards, and some of those shares were withheld to satisfy tax obligations when the awards vested or were settled.