Kohl’s (NYSE: KSS) CMO logs RSU vesting, tax withholding entries
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kohl’s Corp executive Raymond Christie reported routine equity compensation activity. On the vesting of restricted stock units, he received 2,240 additional common shares as a dividend-equivalent issuance and had 6,007 shares withheld to cover tax obligations. After these entries, he directly holds 282,683 common shares, including 142,111 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Raymond Christie
Role
Sr. EVP, Chief Marketing Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,240 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,007 | $18.06 | $108K |
Holdings After Transaction:
Common Stock — 282,683 shares (Direct, null)
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 142,111 unvested restricted stock units.
Key Figures
Tax withholding shares: 6,007 shares at $18.06
Dividend-equivalent shares granted: 2,240 shares
Shares held after transactions: 282,683 shares
+1 more
4 metrics
Tax withholding shares
6,007 shares at $18.06
Shares used to satisfy tax obligations on RSU vesting
Dividend-equivalent shares granted
2,240 shares
Issuance tied to dividend equivalents on vested RSUs
Shares held after transactions
282,683 shares
Direct common stock holdings after reported entries
Unvested restricted stock units
142,111 RSUs
Unvested RSUs included in reported holdings
Key Terms
restricted stock units, dividend equivalent amount, tax withholding obligations, Long-Term Compensation Plan
4 terms
restricted stock units financial
"Issuance of additional shares representing 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 amount financial
"Issuance of additional shares representing dividend equivalent amount on vested restricted stock units."
tax withholding obligations financial
"Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock units and corresponding dividend equivalent amounts"
Long-Term Compensation Plan financial
"under the Company's Long-Term Compensation Plan."
A long-term compensation plan is a pay program that rewards executives and employees based on performance or continued service over multiple years, often using stock awards, options or multi-year bonuses. It matters to investors because it shapes managers’ incentives, affects potential share dilution and company costs, and signals whether leadership is encouraged to focus on sustainable growth rather than short-term results — like planting an orchard that pays off only after several seasons.
FAQ
What insider transactions did Raymond Christie report for KSS?
Raymond Christie reported routine equity compensation entries. He received 2,240 Kohl’s common shares tied to dividend equivalents on vested restricted stock units and had 6,007 shares withheld to satisfy tax obligations related to those vestings under the company’s Long-Term Compensation Plan.
Did the KSS insider transaction involve open-market buying or selling?
The reported activity did not involve open-market buying or selling. It reflects a grant related to dividend equivalents on vested restricted stock units and shares withheld to cover associated tax obligations, which is a standard administrative mechanism rather than a discretionary market trade.
What was the size of the tax withholding disposition in the KSS Form 4?
The tax withholding disposition covered 6,007 Kohl’s common shares at a price of $18.06 per share. These shares were used to satisfy tax obligations arising upon vesting of restricted stock units and related dividend equivalents, rather than being sold in the open market.