Director Floyd Charles (NYSE: KSS) awarded 11,876 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floyd H. Charles reported acquisition or exercise transactions in this Form 4 filing.
Kohl’s Corp director Floyd H. Charles received an equity award rather than buying shares on the market. He was granted 11,876 deferred restricted stock units under the company’s Long-Term Compensation Plan at no cash cost. These units vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting, and will be settled in shares of common stock when his board service ends. Following this award, his direct holdings total 64,302 shares, including the unvested deferred units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Floyd H. Charles
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,876 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 64,302 shares (Direct, null)
Footnotes (1)
- Award of deferred restricted stock units under the Company's Long-Term Compensation Plan. These units vest in full on the earlier of: (1) the first anniversary of the grant date; or (2) the date of the Company's annual meeting for the following year. These units will be settled in shares of the Company's common stock on the reporting person's termination of service as a director. Includes 11,876 unvested deferred restricted stock units.
Key Figures
Deferred stock units granted: 11,876 units
Total holdings after award: 64,302 shares
Grant price per unit: $0.00 per unit
+2 more
5 metrics
Deferred stock units granted
11,876 units
Award of deferred restricted stock units under Long-Term Compensation Plan
Total holdings after award
64,302 shares
Direct holdings following the reported grant transaction
Grant price per unit
$0.00 per unit
Equity compensation grant with no cash purchase price
Vesting trigger
Earlier of 1-year anniversary or next annual meeting
Time-based vesting condition for the deferred restricted stock units
Settlement timing
On termination of director service
Units settle in Kohl’s common stock when board service ends
Key Terms
deferred restricted stock units, Long-Term Compensation Plan, vest in full, annual meeting, +1 more
5 terms
deferred restricted stock units financial
"Award of deferred restricted stock units under the Company's Long-Term Compensation Plan."
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.
Long-Term Compensation Plan financial
"Award of deferred restricted stock units 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.
vest in full financial
"These units vest in full on the earlier of: (1) the first anniversary of the grant date;"
annual meeting financial
"or (2) the date of the Company's annual meeting for the following year."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What did Kohl’s (KSS) director Floyd H. Charles receive in this Form 4?
Floyd H. Charles received 11,876 deferred restricted stock units as an equity award. The grant was made under Kohl’s Long-Term Compensation Plan and carries no cash exercise price, functioning as stock-based compensation for his service on the board of directors.
Is the Floyd H. Charles Form 4 for Kohl’s (KSS) a market purchase or compensation grant?
The Form 4 reflects a compensation grant, not an open-market share purchase. The transaction is coded as a grant or award acquisition at a price of $0.00 per unit, indicating director equity compensation rather than discretionary buying in the public market.
When do Floyd H. Charles’ 11,876 deferred units at Kohl’s (KSS) vest?
The 11,876 deferred restricted stock units vest in full on a time-based schedule. Vesting occurs on the earlier of the first anniversary of the grant date or the date of Kohl’s annual shareholder meeting in the following year, subject to continued board service.
How and when will Floyd H. Charles’ deferred units at Kohl’s (KSS) be settled?
The deferred restricted stock units will be settled in shares of Kohl’s common stock. Settlement occurs upon his termination of service as a director, meaning the share delivery is deferred until he leaves the board rather than occurring at vesting.
What are Floyd H. Charles’ total Kohl’s (KSS) holdings after this Form 4 transaction?
After the award, Floyd H. Charles directly holds 64,302 shares tied to Kohl’s equity. This total includes the 11,876 unvested deferred restricted stock units reported, giving a snapshot of his combined vested and unvested equity exposure as a director.