Form 4: Kontoor Brands CEO Scott Baxter Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Scott Baxter, CEO of Kontoor Brands, disposed of shares to cover tax withholding obligations related to settled performance share units.
Summary
- On February 28, 2025, Scott H. Baxter, the Chair, President, and CEO of Kontoor Brands, Inc. [KTB], disposed of 20,571.552 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $66.04 per share.
- Following the transaction, Baxter directly owns 354,342.001 shares of common stock, which includes restricted stock units.
- Baxter also indirectly owns 380 shares through his son and 107,127.214 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any fundamental change in the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transaction. |
| 03/04/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.