Form 4: Kontoor Brands Director Adjusts Holdings

Robert Lynch, a Director at Kontoor Brands, Inc., reported a transaction involving phantom stock units.

Summary

• Robert Lynch, a Director at Kontoor Brands, Inc. (KTB), reported a transaction on April 2, 2026.
• The transaction involved the acquisition of 722.8045 phantom stock units (PSUs).
• These PSUs were acquired by deferring director fees, with each PSU valued at $69.175 at the time of deferral.
• The PSUs are part of the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan and will be settled in cash upon retirement.
• Following this transaction, Lynch beneficially owns 9,269.8223 PSUs.
• This ownership includes 66.7438 shares received as dividend equivalents on PSUs since the last statement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation and does not indicate significant changes in ownership or company performance.

Positives

• Director Robert Lynch continues to participate in the company's deferred compensation plan, indicating ongoing commitment.
• The acquisition of phantom stock units reflects a mechanism for directors to defer compensation and potentially benefit from future stock appreciation.

Future Outlook

The phantom stock units are to be settled 100% in cash upon the reporting person's retirement. The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Industry Context

StockSavvy.ai notes that director compensation plans, including the use of phantom stock units for deferred compensation, are common in the apparel and retail industry as a way to align director interests with long-term shareholder value and attract experienced board members.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices and does not immediately alter beneficial ownership in a way that would significantly impact share price or control.

Next Steps

• Settlement of phantom stock units in cash upon reporting person's retirement.

Key Dates

Keywords

Kontoor Brands, KTB, Form 4, SEC Filing, Director, Phantom Stock Units, Deferred Compensation, Beneficial Ownership