Form 4: Kontoor Brands CEO Scott Baxter Reports Share Transactions
SEC Filing
Scott Baxter, CEO of Kontoor Brands, reports the settlement of performance share units and adjustments to his holdings of common stock and restricted stock units.
Summary
- Scott H. Baxter, the Chair, President, and CEO of Kontoor Brands, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On February 24, 2025, Baxter acquired 48,115.48 shares of common stock through the settlement of performance share units.
- The price per share for this acquisition was $0.
- Following the transaction, Baxter directly owns 374,913.553 shares of common stock.
- Baxter also indirectly owns 380 shares through his son and 107,127.214 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stake in the company.
- It assures stakeholders that the CEO's interests are aligned with theirs.
Key Dates
| Date | Description |
|---|---|
| 12/28/2024 | Performance period ending date for performance share units. |
| 02/24/2025 | Date of transaction involving common stock acquisition. |
| 02/26/2025 | Date of Form 4 filing. |
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