Form 4: Kontoor Brands CEO Gifts Shares to Trust

Kontoor Brands' Chairman, President, and CEO, Scott H. Baxter, reported gifting 90,680 shares of common stock to a Grantor Retained Annuity Trust.

Summary

• Scott H. Baxter, Chairman, President, and CEO of Kontoor Brands, Inc. (KTB), reported changes in his beneficial ownership.
• On February 5, 2026, Baxter disposed of 90,680 shares of common stock via a gift (Transaction Code 'G') at a price of $0.
• Concurrently, 90,680 shares of common stock were indirectly acquired by the 2026 GRAT #1, indicating the gift was made to this trust.
• Following these transactions, Baxter directly owns 169,568.418 shares, which includes 1,466.845 shares received as dividend equivalents on restricted stock units.
• Indirect holdings include 90,680 shares by 2026 GRAT #1, 56,370 shares by 2025 GRAT #1, 380 shares by his son, and 172,130.214 shares by a separate Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction represents an insider's estate planning move rather than a direct reflection of the company's operational performance or immediate financial outlook.

Related Party Transactions

• Scott H. Baxter gifted 90,680 shares of common stock to the 2026 GRAT #1, an entity typically used for estate planning purposes by the grantor.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an estate planning transaction by an insider, not a sale into the open market or a change in company fundamentals.
• Management: The transaction reflects personal financial planning by the CEO and does not directly affect his role or responsibilities at Kontoor Brands.

Key Dates

Keywords

Kontoor Brands, KTB, Scott H. Baxter, Insider Transaction, Form 4, Beneficial Ownership, Grantor Retained Annuity Trust, GRAT, Estate Planning