Raymond Christie 4

What Happened

• Raymond Christie, Senior EVP and Chief Marketing Officer of Kohl's (KSS), received 20,799 shares on March 19, 2026 as the settlement of performance share units (award/grant). The award was recorded at $0.00 per share (award value recorded as $0).
• To satisfy tax withholding obligations on that award, 6,781 shares were withheld/disposed by the issuer at $12.03 per share, generating a withholding amount of $81,575.

Key Details

• Transaction dates: March 19, 2026 (reported on Form 4 filed March 20, 2026).
• Award: 20,799 shares granted/settled (code A). Recorded acquisition price: $0.00.
• Tax withholding/disposal: 6,781 shares withheld (code F) at $12.03/share = $81,575.
• Holdings note: Filing indicates holdings include 140,165 unvested restricted stock units (per footnote).
• Footnotes: F1 — shares were settled from performance share units (not derivative securities); F2 — shares withheld to satisfy tax withholding; F3 — includes 140,165 unvested RSUs.
• Filing timeliness: Reported the next day (filed 2026-03-20 for 2026-03-19 activity), which is timely.

Context

• This was an award/settlement of performance share units, not a market purchase or exercise of options. The withholding of 6,781 shares is a routine tax-withholding action (often called a net settlement or share-withholding) and should not be interpreted as a separate sell decision.
• For retail investors, awards indicate compensation realization by an insider but do not necessarily signal a change in their market view; the withholding simply covers taxes due on the award.