Floyd H. Charles 4
Research Summary
AI-generated summary
Kohl's (KSS) Director Floyd H. Charles Receives Stock Award
What Happened
- Floyd H. Charles, a director of Kohl's Corporation (KSS), was granted two awards of deferred restricted stock units (DRSUs) on June 24, 2026: 78 units and 123 units, totaling 201 DRSUs. The report lists these as awards (code A); no per-share cash price is applicable (N/A). These awards were issued in lieu of the $0.125 per-share dividend payable June 24, 2026, and will vest and be settled on the same schedule as the underlying deferred restricted stock units.
Key Details
- Transaction date: June 24, 2026; SEC Form 4 filed June 25, 2026 (timely).
- Transaction type/code: Award/Grant (A); price: N/A (dividend-equivalent units).
- Amounts: 78 DRSUs (F1) and 123 DRSUs (F2), total 201 DRSUs.
- Holdings note: Filing indicates inclusion of 11,954 unvested deferred restricted stock units (F3).
- Footnotes: F1/F2 confirm units were awarded in lieu of the $0.125/share dividend and will be settled on the same schedule as the underlying DRSUs.
- Filing timeliness: Report appears timely (filed one day after the grant date).
Context
- These awards are dividend-equivalent deferred restricted stock units (not open-market purchases or sales) and represent compensation/adjustment to existing equity awards. They do not necessarily signal a change in the director's market view; they will vest/settle according to the preexisting RSU schedule.