Kohl’s (KSS) CMO reports RSU dividend grant and tax-withholding share disposition
Rhea-AI Filing Summary
Kohl’s Corp executive Raymond Christie reported routine equity compensation activity. He acquired 650 shares of common stock at $0.00 per share as a dividend-equivalent grant on vested restricted stock units.
To cover tax withholding on the vesting of restricted stock units and related dividend equivalents, 1,795 shares were disposed of at $12.35 per share. After these transactions, Christie directly holds 239,349 shares of Kohl’s common stock, which the disclosure notes includes 135,208 unvested restricted stock units.
Positive
- None.
Negative
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Insights
Routine stock-unit vesting with tax withholding; no open‑market trading.
Senior EVP and Chief Marketing Officer Raymond Christie received 650 Kohl’s common shares as a dividend-equivalent grant tied to vested restricted stock units, a standard feature of long-term incentive plans. No cash outlay was required, with the shares valued at $0.00 per share in the filing.
To satisfy tax obligations from the RSU vesting and corresponding dividend equivalents, 1,795 shares were withheld at $12.35 per share. This F-code transaction is a non-market disposition, not an open-market sale, and mainly reflects tax payment mechanics.
Following these events, Christie directly holds 239,349 shares, and the position includes 135,208 unvested restricted stock units under the company’s Long-Term Compensation Plan. This pattern is typical of executive compensation and does not, by itself, signal a change in sentiment toward Kohl’s stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 650 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,795 | $12.35 | $22K |
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 135,208 unvested restricted stock units.
FAQ
What insider transactions did Raymond Christie report in this Kohl’s (KSS) Form 4?
Was the Kohl’s (KSS) Form 4 transaction an open-market stock sale by Raymond Christie?
How does this Kohl’s (KSS) Form 4 reflect the structure of Raymond Christie’s compensation?