Jones Nicholas D. G. 4

What Happened
Nicholas D.G. Jones, Chief Merchandising Officer of Kohl's (KSS), was issued 866 shares on April 1, 2026 (299 + 567) as awards representing dividend equivalents on performance share units and vested restricted stock units. On the same date he delivered/surrendered 411 shares (142 + 269) to satisfy tax withholding obligations at $12.90 per share, totaling $5,302. The awards were recorded as type "A" (award/acquisition) and the share transfers for tax withholding were coded "F."

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026. No late filing is indicated in the form.
• Awarded (acquired): 866 shares (299 + 567); no purchase price (N/A) — these are share issuances as dividend equivalents.
• Disposed (to cover taxes): 411 shares (142 + 269) at $12.90 per share; total value shown $1,832 and $3,470 (combined $5,302).
• Footnotes: awards reflect issuance of additional shares in lieu of a $0.125 per-share dividend on PSUs and dividend-equivalent amounts on vested RSUs; corresponding shares were used to satisfy tax withholding.
• Shares owned after transaction: the filing does not state total beneficially owned common shares; it does note 174,811 unvested restricted stock units (footnote).

Context
These transactions are routine corporate equity actions: dividend-equivalent share issuances on PSUs/RSUs and share surrender to cover tax withholding. This is not an open-market sale or an options exercise that signals a directional trade; the disposals were to satisfy taxes tied to the awards. For retail investors, awards and withholding like this are common and do not necessarily imply insider sentiment about the stock.