5. List Calculate Free Cash Flow * - Please ould you expect a company to have positive free cash flow? Include your explain on why or why not in your answer. KOHL'S CORPORATION We nave also awarded shares of nonvested common stock to eligible key employees and to our Board of Directors. Substantially all awards have restriction periods tied primarily to employment and/or service. Employee awards generally vest over five years. Director awards vest over the term to which the director was elected, generally one year. In lieu of cash dividends, holders of nonvested stock awards are granted restricted stock equivalents which vest consistently with the underlying nonvested stock awards. Holders of restricted stock units are granted shares upon vesting in lieu of cash dividends. The fair value of nonvested stock awards is the closing price of our common stock on the date of grant. We may acquire shares from employees in lieu of amounts required to satisfy minimum tax withholding requirements upon the vesting of the employee's unvested stock award. Such shares are then designated as treasury shares. The following tabie summarizes nonvestpd stock activity. including restricted stock equivalents issued in lieu of cash dividends: The aggregate fair value of awards at the time of vesting was $42 million in 2021, $56 million in 2020, and $50 million in 2019