Rodgers Elliott, who was appointed Chief Operating Officer of Kohl's Corp on September 9, 2026, has been awarded 33,467 restricted stock units. This award, effective October 15, 2026, is part of the company's Long-Term Compensation Plan and is significant as it aligns Elliott's interests with the company's long-term performance.
The filing indicates that these restricted stock units will vest in three equal installments on the first through third anniversaries of the grant date. This is a strategic move by Kohl's to incentivize its executives to focus on sustained growth and performance.
Background
Kohl's Corp is a prominent player in the retail-department stores sector, identified under the Standard Industrial Classification (SIC) code 5311. The company is incorporated in Wisconsin and operates with a fiscal year ending on January 29. The recent filing is part of a series of disclosures, including a Form 3/A and Form 3, made in September 2026, which further detail the company's executive compensation practices.
What the Filing Says
The recent SEC filing states, "Award of restricted stock units pursuant to the Company's Long-Term Compensation Plan." It also notes that the units will vest over three years, encouraging a long-term commitment from Elliott.
Impact
This development may affect various stakeholders, including shareholders and employees, as it reflects the company's approach to executive compensation and performance alignment. The focus on long-term incentives could influence how other companies in the retail sector design their own compensation packages.
What's Next
The filing does not say what happens next.