Kohl's (NYSE: KSS) CMO receives stock units and uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl's Corp senior executive Raymond Christie reported stock-based compensation activity rather than open-market trading. On April 1, 2026, he received 202 shares issued as additional shares tied to performance share units and 386 additional shares tied to vested restricted stock units, both as dividend equivalents. To cover related tax withholding obligations, 65 shares and 126 shares were withheld at $12.90 per share. After these transactions, he directly held 280,443 shares of Kohl's common stock, and this amount includes 152,651 unvested restricted stock units under the company's Long-Term Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Raymond Christie
Role
Sr. EVP, Chief Marketing Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 202 | $0.00 | -- |
| Tax Withholding | Common Stock | 65 | $12.90 | $838.50 |
| Grant/Award | Common Stock | 386 | $0.00 | -- |
| Tax Withholding | Common Stock | 126 | $12.90 | $2K |
Holdings After Transaction:
Common Stock — 280,248 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 152,651 unvested restricted stock units.
Key Figures
Performance share unit dividend-equivalent shares: 202 shares
Restricted stock unit dividend-equivalent shares: 386 shares
Shares withheld for taxes (first entry): 65 shares at $12.90
+5 more
8 metrics
Performance share unit dividend-equivalent shares
202 shares
Additional common shares issued in respect of performance share units
Restricted stock unit dividend-equivalent shares
386 shares
Additional common shares issued as dividend equivalents on vested RSUs
Shares withheld for taxes (first entry)
65 shares at $12.90
Shares used to satisfy tax withholding obligations on additional share issuance
Shares withheld for taxes (second entry)
126 shares at $12.90
Shares used to satisfy tax withholding on RSU dividend equivalents
Total tax-withholding shares
191 shares
Aggregate shares withheld to satisfy tax obligations
Cash dividend referenced
$0.125 per share
Dividend on all common stock payable on April 1, 2026
Shares held after transactions
280,443 shares
Direct holdings of Kohl's common stock following reported transactions
Unvested restricted stock units
152,651 RSUs
Unvested RSUs included within reported holdings
Key Terms
performance share units, dividend equivalent amount, restricted stock units, tax withholding obligations, +1 more
5 terms
dividend equivalent amount financial
"Issuance of additional shares representing the dividend equivalent amount on vested restricted stock units"
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.
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 did Raymond Christie report in this Form 4 for KSS?
Raymond Christie reported stock-based compensation adjustments, not open-market trades. He received additional Kohl's common shares as dividend equivalents on performance and restricted stock units, and some shares were withheld to satisfy tax obligations related to those issuances.
Does this Kohl's (KSS) Form 4 show any open-market buying or selling?
The Form 4 does not show open-market purchases or sales. It records share grants classified as awards and tax-withholding dispositions, where shares were delivered back to satisfy tax obligations, rather than discretionary buying or selling on the open market.
What dividend is referenced in Raymond Christie’s Kohl's (KSS) Form 4?
The filing references a $0.125 per share dividend issued by Kohl's on all common stock, payable on April 1, 2026. Christie’s additional shares were issued as dividend equivalents on performance share units and restricted stock units corresponding to that dividend.