Timm Jill 4
4 · KOHLS Corp · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Kohl's (KSS) CFO Jill Timm Receives Awards; Shares Used for Taxes
What Happened
Jill Timm, Chief Financial Officer of Kohl's (KSS), was issued a total of 919 shares on April 1, 2026 (314 shares and 605 shares reported as awards). To satisfy tax withholding obligations connected with those issuances, 435 shares were withheld (148 shares and 287 shares) and disposed of at $12.90 per share for total withholding proceeds of $5,611. These were awards/dividend-equivalent issuances rather than open-market purchases or option exercises.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Awards: 314 shares (code A, footnote F1) and 605 shares (code A, footnote F3); acquisition price shown as N/A (awarded shares).
- Withholding/disposals: 148 shares at $12.90 = $1,909 (code F, footnote F2) and 287 shares at $12.90 = $3,702 (code F, footnote F4); combined withheld value $5,611.
- Shares owned after the transactions: Form notes holdings include 191,665 unvested restricted stock units (footnote F5).
- Footnotes explain these were issuances in respect of performance share units and RSU dividend equivalents and that the disposals represent shares used to satisfy tax withholding.
Context
These transactions are non-cash compensation-related events (award of shares and automatic withholding for taxes), not open-market buys or discretionary sales. Such filings commonly reflect routine settlement and tax-withholding of equity awards and do not by themselves indicate a change in the insider's investment sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+314→ 422,761 total - Tax Payment
Common Stock
[F2]2026-04-01$12.90/sh−148$1,909→ 422,613 total - Award
Common Stock
[F3]2026-04-01+605→ 423,218 total - Tax Payment
Common Stock
[F4][F5]2026-04-01$12.90/sh−287$3,702→ 422,931 total
Footnotes (5)
- [F1]Issuance of additional shares in respect of shares issued in settlement of performance share units in lieu of a $0.125 per share dividend issued by the Company on all common stock, which was payable on April 1, 2026.
- [F2]Represents shares used to satisfy tax withholding obligations with respect to issuance of additional shares.
- [F3]Issuance of additional shares representing the dividend equivalent amount on vested restricted stock units.
- [F4]Represents shares used to satisfy tax withholding obligations upon vesting of restricted stock unit dividend equivalent amounts under the Company's Long-Term Compensation Plan.
- [F5]Includes 191,665 unvested restricted stock units.