Timm Jill 4

What Happened

• Jill Timm, Chief Financial Officer of Kohl's Corporation (KSS), was issued an award related to vested restricted stock units and dividend equivalents on March 27, 2026. The filing shows an issuance of 2,206 shares (reported as an award/acquisition).
• Simultaneously, 3,805 shares were surrendered/disposed to satisfy tax withholding obligations at a reported price of $12.92 per share, generating proceeds of approximately $49,161. The disposal is coded as tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-03-27; Form 4 filed 2026-03-30 (timeliness not flagged in provided details).
• Award: 2,206 shares issued as dividend equivalent amount on vested RSUs (Footnote F1).
• Tax withholding: 3,805 shares used to satisfy tax obligations upon vesting at $12.92 per share, total ~ $49,161 (Footnote F2; transaction code F = tax withholding).
• Shares owned after transaction: not specified in the provided excerpt. Filing notes Jill Timm has 139,893 unvested restricted stock units included in her holdings (Footnote F3).
• No 10b5-1 plan or late-filing flag was indicated in the provided data.

Context

• This is a routine equity-compensation event: vesting of restricted stock units and the company using a portion of shares to cover the employee’s tax withholding. Such transactions are administrative and do not necessarily signal the insider’s personal trading intent or view of the stock.
• When RSUs vest, companies commonly withhold shares to meet tax obligations (coded as F); this differs from an open-market sale by the insider.