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KOHLS Corp·4

Mar 20, 5:13 PM ET

Steinmetz Mari 4

Research Summary

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Updated

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.