Villagomez Adolfo 4

What Happened

Adolfo Villagomez, a director of Kohl's Corp (KSS), was awarded 78 restricted shares on June 24, 2026. The award was issued in lieu of a cash dividend of $0.125 per share; the cash-equivalent value of these 78 shares is about $9.75. This is an award (code A) — not an open-market purchase or sale — and does not reflect a trading decision.

Key Details

• Transaction date: 2026-06-24; Form 4 filed 2026-06-25 (timely filing).
• Transaction type/code: Award/Grant (A). Price: N/A for shares issued in lieu of dividend.
• Reported value: dividend equivalent ≈ $9.75 (78 × $0.125).
• Shares owned after transaction: filing notes 11,954 unvested restricted shares are included in holdings (total post-transaction beneficial ownership not specified in the provided data).
• Footnotes: F1 — these 78 shares were issued in lieu of the $0.125/share dividend and vest on the same schedule as the underlying restricted stock; F2 — the filing includes 11,954 unvested restricted shares.
• No indication of a 10b5-1 plan, tax withholding, gift, or exercise in this transaction.

Context

Awards in lieu of dividends are routine corporate actions converting cash dividend payments into additional restricted stock and generally do not signal buying or selling intent by the insider. The awarded shares vest according to the same schedule as the director's existing restricted stock, so they are not immediately liquid.