Kohl's (KSS) Form 4: Director Charles Credits 276 Dividend RSUs
Rhea-AI Filing Summary
Key take-away: Kohls Corporation (KSS) filed a Form 4 on 27-Jun-2025 for director Floyd H. Charles.
On 25-Jun-2025 Charles automatically acquired 276 deferred restricted stock units (transaction code "A") in lieu of the companys regular $0.125 per-share dividend. These RSUs will vest and settle on the same timetable as his existing deferred RSUs. After the credit, Charles beneficially owns 52,009 common shares, of which 18,155 are unvested deferred RSUs. All shares are held directly; no derivatives, sales, or cash consideration were involved.
The filing reflects a routine dividend-equivalent adjustment rather than an active insider purchase or sale and does not signal any strategic change at the company.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine dividend-equivalent RSU credit; negligible valuation impact, but aligns director incentives.
The Form 4 shows Director Floyd Charles receiving 276 RSUs as a dividend equivalent for the $0.125 cash dividend declared by Kohls. The award marginally increases his stake to 52,009 shares, reinforcing alignment yet representing <0.1% of daily trading volume. No open-market buying pressure, no sale signal, and no derivative activity appear. Thus, the market impact is immaterial; investors should view this as standard board compensation rather than sentiment insight.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 276 | $0.00 | -- |
Footnotes (1)
- Award of additional deferred restricted stock units in lieu of a $0.125 per share dividend issued by the Company on all Common Stock, which was payable June 25, 2025. These units vest and will be settled on the same schedule as the underlying deferred restricted stock units. Includes 18,155 unvested deferred restricted stock units.