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KOHLS Corp·4

Apr 1, 5:38 PM ET

Steinmetz Mari 4

Research Summary

AI-generated summary

Updated

Kohl's (KSS) Mari Steinmetz, CPO Receives Awards; Sells Shares

What Happened

  • Mari Steinmetz, Senior EVP & Chief People Officer of Kohl's (KSS), received awards of restricted stock units (RSUs) totaling 33,091 shares (32,787 on 2026-03-30 and 304 on 2026-03-31).
  • She also disposed of 5,431 shares across transactions: 3,477 shares were surrendered to cover tax withholding (disposed at $12.20 each, $42,419), and 1,954 shares were sold in the open market (107 shares at $12.65 for $1,354 on 2026-03-31; 1,847 shares at $13.01 for $24,029 on 2026-04-01). Total proceeds reported from the disposals were about $67,802. These disposals are routine (tax withholding and plan-based sales), not purchases.

Key Details

  • Transaction dates & prices:
    • 2026-03-30: Award of 32,787 RSUs (no price; grant)
    • 2026-03-31: Award of 304 RSUs (no price; grant)
    • 2026-03-31: 3,477 shares withheld for taxes at $12.20 (disposed; $42,419)
    • 2026-03-31: 107 shares sold at $12.65 (disposed; $1,354)
    • 2026-04-01: 1,847 shares sold at $13.01 (disposed; $24,029)
  • Aggregate disposals: 5,431 shares; aggregate proceeds ≈ $67,802. Open-market sales = 1,954 shares.
  • Shares reported as held/affected: filing notes 220,294 unvested restricted stock units included in reported holdings (per footnote).
  • Notable footnotes:
    • F1: Awards are time‑vested RSUs that vest in three equal annual installments.
    • F2: Small issuance for dividend equivalents on vested RSUs.
    • F3: 3,477 shares used to satisfy tax withholding on vesting.
    • F4: The 1,954-share sales occurred automatically under a previously disclosed Rule 10b5-1 trading plan (adopted 11/26/2025).
    • F5: Includes 220,294 unvested RSUs in reported holdings.
  • Filing timeliness: No late filing flag is indicated in the report.

Context

  • These were RSU grants (awards) and routine disposals: some shares were surrendered to satisfy tax withholding upon vesting, and others were sold automatically under a pre-established 10b5-1 plan. Awards and tax-withholding disposals are standard executive compensation mechanics and do not, by themselves, indicate a buy or sell signal.