Raymond Christie 4

What Happened

• Raymond Christie, Senior EVP and Chief Marketing Officer of Kohl's, had restricted stock units vest on March 25, 2026. He was issued 650 shares as dividend-equivalent payments and 1,795 shares were disposed (withheld) to satisfy tax withholding obligations. The withheld shares were valued at $12.35 each for proceeds of $22,168.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-26.
• Award/Acquisition (A): 650 shares issued as dividend-equivalent amounts on vested RSUs (price N/A).
• Tax withholding/Disposition (F): 1,795 shares withheld/disposed at $12.35 each, total $22,168 to satisfy tax obligations.
• Shares owned after transaction: not specified in the filing; the filing notes the insider holds 135,208 unvested restricted stock units.
• Footnotes clarify these transactions relate to RSU vesting and dividend equivalents; the F code indicates shares were used to satisfy tax withholding (routine).
• Filing timeliness: filed one day after the transaction date (no late-filing flag indicated).

Context

• This was not an open-market sale for investment reasons but a routine tax-withholding disposition tied to RSU vesting (common for equity compensation). The 650-share issuance represents dividend equivalents credited as shares. For retail investors, such transactions typically reflect standard compensation mechanics rather than a directional bet by the insider.