Kohl's discloses interim CEO Michael Bender's compensation: $1.475M salary, $3.775M RSU grant

KOHLS Corp

Interim CEO Michael Bender gets base salary $1.475M/yr, annual cash incentive target 175% of base (0-200% range).
One-time RSU award valued at $3.775M on May 16, 2025; vests on first anniversary, prorated on early termination.
Monthly commuting stipend of $11,500; personal aircraft use capped at $135,000/yr; up to $10,000/yr financial advisory.
Non-compete for 1 year post-employment; restricted services to competitors including Amazon, Macy's, Target, Walmart.
Appointment effective April 30, 2025; service until successor CEO appointed; board nomination during tenure.

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