Kohl’s (KSS) CFO Jill Timm reports RSU dividend shares and tax withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl's Corp Chief Financial Officer Jill Timm reported routine equity compensation-related transactions in company stock. She acquired 997 shares of common stock at $0.0000 per share as an issuance of additional shares representing dividend equivalents on vested restricted stock units. On the same date, 2,751 shares were disposed of at $12.35 per share to satisfy tax withholding obligations tied to vesting of restricted stock units and corresponding dividend equivalents under the company’s long-term compensation plan, rather than through an open-market sale. After these transactions, she directly owned 345,807 shares of common stock, which include 149,575 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Timm Jill
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 997 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,751 | $12.35 | $34K |
Holdings After Transaction:
Common Stock — 348,558 shares (Direct)
Footnotes (1)
- Issuance of additional shares representing dividend equivalent amount on vested restricted stock units. Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock units and corresponding dividend equivalent amounts under the Company's Long-Term Compensation Plan. Includes 149,575 unvested restricted stock units.
FAQ
What did Kohl's (KSS) CFO Jill Timm report in this Form 4 filing?
Kohl's CFO Jill Timm reported routine equity compensation activity, including 997 common shares issued as dividend equivalents on vested restricted stock units and 2,751 shares withheld to cover tax obligations from RSU vesting under the company’s long-term compensation plan.
Were Jill Timm’s Kohl's (KSS) Form 4 transactions open-market stock trades?
No, the Form 4 transactions were not open-market trades. The 997 shares reflect dividend equivalent issuances on vested restricted stock units, while 2,751 shares were withheld by the company solely to satisfy tax withholding obligations associated with RSU vesting.
What is the role of tax withholding in Jill Timm’s Kohl's (KSS) Form 4 filing?
The filing shows 2,751 shares were used to satisfy tax withholding obligations when restricted stock units and related dividend equivalents vested. This F-code transaction reflects a tax payment mechanism, not a discretionary sale of Kohl’s common stock in the open market.