Timm Jill 4

What Happened

• Jill Timm, Chief Financial Officer of Kohl's (KSS), was granted restricted stock units (RSUs) and had shares withheld to satisfy tax withholding. The filing shows grants of 91,803 RSUs on 2026-03-30 and 1,078 RSUs on 2026-03-31 (total ~92,881 RSUs). On 2026-03-31, 14,381 shares were disposed/withheld at $12.20 per share to cover tax obligations, totaling $175,448.

Key Details

• Transaction dates and amounts:
  • 2026-03-30: Award of 91,803 RSUs (time-vested).
  • 2026-03-31: Award of 1,078 RSUs (dividend-equivalent issuance).
  • 2026-03-31: 14,381 shares withheld/ disposed at $12.20 each for $175,448 (tax withholding / F code).
• Shares owned after transaction: Filing notes holdings include 191,665 unvested RSUs (footnote F4). The Form 4 does not list a full beneficial-ownership post-transaction share total beyond these unvested units.
• Footnotes of note:
  • F1: Annual award under long-term incentive; RSUs vest in three equal annual installments.
  • F2: Additional shares represent dividend equivalents on vested RSUs.
  • F3: Shares were used to satisfy tax withholding upon vesting (i.e., net share settlement).
  • F4: Holdings include 191,665 unvested RSUs.
• Filing timeliness: Form 4 was filed 2026-04-01 for transactions on 2026-03-30 and 03-31; the filing appears timely.

Context

• These were equity compensation grants (RSUs) rather than open-market purchases. The 14,381-share disposition was a tax-withholding/net settlement (routine) rather than an obvious market sale for cash.
• RSUs vest over three years (per F1), so the economic benefit is realized over time as the units vest. This type of insider activity is typically compensation-related and not a directional personal investment signal.