Stock-Based Compensation

3 Months Ended

May 02, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

Stock options

The following table summarizes our stock option activity for the three months endedMay 2, 2015:

	Shares		Weighted Average Exercise Price
	(Shares in Thousands)
Balance at beginning of period	6,211		$	52.95
Exercised	(2,536	)	53.38
Forfeited/expired	(57	)	51.82
Balance at end of period	3,618		$	52.68

Nonvested stock awards

The following table summarizes nonvested stock activity, including restricted stock equivalents issued in lieu of cash dividends, for the three months endedMay 2, 2015:

	Shares		Weighted Average Grant Date Fair Value
	(Shares in Thousands)
Balance at beginning of period	2,431		$	52.29
Granted	534		75.80
Vested	(564	)	52.47
Forfeited	(95	)	52.52
Balance at end of period	2,306		$	57.52

Performance share units

In March 2015, we granted performance-based restricted stock units ("performance share units") to certain executives. The performance measurement period for these performance share units is fiscal years 2015 through 2017. The fair market value of the grant was $86.87 per unit and was determined using a Monte-Carlo valuation on the date of grant. The performance share units cover a target of 131,000 shares.

The actual number of shares which will be earned at the end of the three-year vesting period will vary based on our cumulative financial performance over the vesting period. The number of performance share units earned will be modified up or down based on Kohl’s Relative Total Shareholder Return against a defined peer group during the vesting period. The payouts, if earned, will be settled in Kohl's common stock after the end of the multi-year performance period.