Form 4: Kontoor Brands CEO Scott Baxter Reports Stock Transactions
SEC Form 4 Filing
Scott Baxter, CEO of Kontoor Brands, reports gifting shares and adjusting beneficial ownership.
Summary
- On March 6, 2025, Scott H. Baxter, the Chair, President, and CEO of Kontoor Brands, Inc. [KTB], reported changes in beneficial ownership of the company's common stock.
- Baxter gifted 65,003 shares of common stock.
- Following the transaction, Baxter directly owns 289,339.001 shares of common stock, which includes restricted stock units.
- Baxter also indirectly owns 172,130.214 shares through a trust and 380 shares through his son.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard reporting of stock transactions by an insider.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The gifting of shares may have a minor impact on shareholders' perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the reported stock transactions (gifting of shares). |
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.