Steinmetz Mari 4
4 · KOHLS Corp · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Kohl's (KSS) Mari Steinmetz, Chief People Officer Receives Award & Sells
What Happened
- Mari Steinmetz, Senior Executive Vice President & Chief People Officer at Kohl's (KSS), received equity awards and had small share dispositions. On March 13, 2026 she was granted 151,745 restricted stock units (RSUs). On March 19, 2026 she received 9,706 shares in settlement of performance share units (PSUs). To cover taxes on the March 19 settlement, 3,375 shares were withheld (tax withholding) at an implied value of $12.03 per share ($40,601). Separately, 1,583 shares were sold in the open market on March 20, 2026 at $12.81 per share for $20,278. Total value disposed was about $60,879.
Key Details
- Transaction dates & prices:
- 2026-03-13: Award of 151,745 RSUs (grant; no share price applicable).
- 2026-03-19: Settlement of 9,706 PSUs (acquired at $0.00); 3,375 shares withheld for taxes at $12.03 (≈ $40,601).
- 2026-03-20: Open-market sale of 1,583 shares at $12.81 (≈ $20,278).
- Shares owned after transaction: Filing does not state a total beneficial ownership here; it notes the holding "includes 203,822 unvested restricted stock units."
- Notable footnotes:
- RSUs vest in five equal annual installments (Footnote F1).
- The 9,706 shares were settlements of performance share units (Footnote F2).
- 3,375 shares were withheld to satisfy tax withholding on the March 19 settlement (Footnote F3).
- The filing includes 203,822 unvested RSUs in reported beneficial ownership (Footnote F4).
- The March 20 sale (1,583 shares) occurred automatically under a previously disclosed Rule 10b5‑1 trading plan adopted Nov 26, 2025 (Footnote F5).
- Timeliness: The Form 4 was filed on March 20, 2026 for a March 13 grant — this appears to be a late filing for the March 13 transaction (Form 4s are normally due within two business days), which the filing labels as late (L).
Context
- These transactions are mainly receipt of equity compensation (RSUs and PSU settlement). RSU awards vest over time and do not represent an immediate buy/sell signal; withholding of shares for taxes upon settlement is routine. The small open‑market sale was executed under an existing 10b5‑1 plan (automatic trading plan), so it was pre‑scheduled rather than an ad hoc market-timed sale.
Insider Transaction Report
Form 4
KOHLS CorpKSS
Steinmetz Mari
Sr. EVP, Chief People Officer
Transactions
- Award
Common Stock
[F1]2026-03-13+151,745→ 214,002 total - Award
Common Stock
[F2]2026-03-19+9,706→ 223,708 total - Tax Payment
Common Stock
[F3]2026-03-19$12.03/sh−3,375$40,601→ 220,333 total - Sale
Common Stock
[F4][F5]2026-03-20$12.81/sh−1,583$20,278→ 218,750 total
Footnotes (5)
- [F1]Award of restricted stock units pursuant to the Company's Long-Term Compensation Plan. These restricted stock units vest in five equal annual installments on the first through fifth anniversaries of the grant date. Consistent with past practices, the Company granted these restricted stock units effective March 13, 2026, upon Ms. Steinmetz's promotion to Senior Executive Vice President, Chief People Officer on February 27, 2026.
- [F2]Shares acquired in settlement of performance share units (which were not derivative securities) received under the Company's Long-Term Compensation Plan.
- [F3]Represents shares withheld by Issuer to satisfy tax withholding obligations on shares acquired on March 19, 2026 in settlement of performance share units reflected in Footnote 2.
- [F4]Includes 203,822 unvested restricted stock units.
- [F5]The reported sale of an aggregate of 1,583 shares occurred automatically pursuant to a previously disclosed Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2025.
Signature
By: Megan E. Glise, P.O.A.|2026-03-20