Kohl's (NYSE: KSS) director gets stock units in lieu of dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mitchell Robbin reported acquisition or exercise transactions in this Form 4 filing.
Kohl's Corp director Mitchell Robbin reported stock-based compensation awards rather than a market trade. He received two grants of common-stock-based deferred restricted stock units, totaling 243 units, on June 24, 2026 at no cash cost, issued in lieu of the company’s $0.125-per-share dividend.
After these awards, one line in the filing shows Robbin holding 52,675 shares of Kohl’s common stock directly, and a footnote states that this includes 11,954 unvested deferred restricted stock units that will vest and settle on the same schedule as the underlying units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mitchell Robbin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 78 | $0.00 | -- |
| Grant/Award | Common Stock | 165 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 52,510 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
Award 1 units: 165 shares
Award 2 units: 78 shares
Director holdings after award line: 52,675 shares
+3 more
6 metrics
Award 1 units
165 shares
Deferred restricted stock units granted on June 24, 2026
Award 2 units
78 shares
Deferred restricted stock units granted on June 24, 2026
Director holdings after award line
52,675 shares
Common stock held directly after one reported award
Unvested deferred RSUs
11,954 units
Unvested deferred restricted stock units included in holdings
Dividend equivalent rate
$0.125 per share
Cash dividend replaced by stock-unit awards
Transactions coded A
2 transactions
Both entries are grant, award, or other acquisition
Key Terms
deferred restricted stock units, dividend, unvested, Form 4
4 terms
deferred restricted stock units financial
"Award of additional deferred restricted stock units in lieu of $0.125 per share dividend..."
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."
Form 4 regulatory
"Did Mitchell Robbin buy or sell any Kohl's (KSS) shares for cash in this Form 4?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Kohl's (KSS) director Mitchell Robbin report in this Form 4?
Mitchell Robbin reported receiving additional deferred restricted stock units rather than buying shares in the market. These stock units were granted as a dividend equivalent award tied to Kohl’s common stock and increase his equity-based compensation position in the company.
Why were these Kohl's (KSS) restricted stock units granted to Mitchell Robbin?
The units were granted in lieu of a $0.125 per share cash dividend paid on Kohl’s common stock. Instead of receiving cash, Robbin received additional deferred restricted stock units that mirror the dividend, maintaining economic equivalence with common shareholders through stock-based compensation.
When do Mitchell Robbin’s new deferred restricted stock units in Kohl's vest?
The filing states these additional deferred restricted stock units will vest and be settled on the same schedule as the underlying deferred restricted stock units. This means their vesting follows the original award’s terms rather than starting a new vesting timetable for the dividend-equivalent grants.