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Kohl’s (KSS) CFO Jill Timm granted RSUs while shares withheld for taxes

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kohl’s Corp Chief Financial Officer Jill Timm reported equity compensation activity in company common stock. On March 30, she received a grant of 91,803 shares as part of the company’s long-term incentive program, in the form of time-vested restricted stock units that vest in three equal annual installments. On March 31, she received an additional 1,078 shares representing dividend equivalents on vested restricted stock units and, separately, 14,381 shares were withheld at $12.20 per share to satisfy tax obligations tied to vesting. After these transactions, she directly holds 422,447 shares of Kohl’s common stock, including 191,665 unvested restricted stock units, reflecting routine compensation and tax withholding rather than open-market trading.

Positive

  • None.

Negative

  • None.
Insider Timm Jill
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Common Stock 1,078 $0.00 --
Tax Withholding Common Stock 14,381 $12.20 $175K
Grant/Award Common Stock 91,803 $0.00 --
Holdings After Transaction: Common Stock — 436,828 shares (Direct)
Footnotes (1)
  1. Annual award pursuant to the Company's long-term incentive program. These time-vested restricted stock units vest in three equal annual installments on the first through third anniversaries of the grant date. 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 191,665 unvested restricted stock units.
Annual RSU grant 91,803 shares Time-vested restricted stock units granted March 30 under long-term incentive program
Dividend-equivalent shares 1,078 shares Additional shares issued for dividend equivalents on vested RSUs
Tax withholding shares 14,381 shares at $12.20 Shares used to satisfy tax obligations on RSU vesting March 31
Post-transaction holdings 422,447 shares Common stock directly held after reported transactions
Unvested RSUs included 191,665 units Unvested restricted stock units included in total post-transaction holdings
restricted stock units financial
"These time-vested restricted stock units vest in three equal annual installments"
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"
Long-Term Compensation Plan financial
"under the Company's Long-Term Compensation Plan."
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Timm Jill

(Last)(First)(Middle)
N56 W17000 RIDGEWOOD DRIVE

(Street)
MENOMONEE FALLS WISCONSIN 53051

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
KOHLS Corp [ KSS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/30/2026A91,803A(1)435,750D
Common Stock03/31/2026A1,078A(2)436,828D
Common Stock03/31/2026F14,381(3)D$12.2422,447(4)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Annual award pursuant to the Company's long-term incentive program. These time-vested restricted stock units vest in three equal annual installments on the first through third anniversaries of the grant date.
2. Issuance of additional shares representing dividend equivalent amount on vested restricted stock units.
3. 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.
4. Includes 191,665 unvested restricted stock units.
By: Megan E. Glise, P.O.A.04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Kohl’s (KSS) CFO Jill Timm report in this Form 4?

Kohl’s CFO Jill Timm reported routine equity compensation activity, including restricted stock unit grants, dividend-equivalent shares, and shares withheld to cover taxes, all in company common stock rather than open-market purchases or sales.

How many Kohl’s (KSS) shares were granted to the CFO in this filing?

Jill Timm received a grant of 91,803 shares as time-vested restricted stock units. These awards are part of Kohl’s long-term incentive program and vest in three equal annual installments after the grant date.

Why were 14,381 Kohl’s (KSS) shares disposed of in this Form 4?

The 14,381 shares were used to satisfy tax withholding obligations upon vesting of restricted stock units and related dividend equivalents, reflecting a tax-withholding disposition rather than an open-market sale of Kohl’s stock.

What are the vesting terms of the Kohl’s (KSS) restricted stock units granted?

The annual restricted stock unit award vests in three equal annual installments on the first, second, and third anniversaries of the grant date, aligning the CFO’s compensation with longer-term Kohl’s performance.

How many Kohl’s (KSS) shares does the CFO hold after these transactions?

Following the reported transactions, Jill Timm directly holds 422,447 shares of Kohl’s common stock. This total includes 191,665 unvested restricted stock units that will vest over time, subject to the stated schedule.

What do dividend-equivalent shares mean in this Kohl’s (KSS) Form 4?

Dividend-equivalent shares represent additional stock issued to mirror dividends that would have been paid on restricted stock units. In this filing, 1,078 shares were issued as dividend equivalents on previously vested restricted stock units.
Kohls Corp

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1.45B
107.96M
Department Stores
Retail-department Stores
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United States
MENOMONEE FALLS