4/A: Kontoor Brands Director Amends Phantom Stock Holdings for Accuracy

Kontoor Brands, Inc. Director Robert Lynch filed an amended Form 4 to correct the reported number of phantom stock units acquired through deferred director fees.

Summary

• Robert Lynch, a Director of Kontoor Brands, Inc. (KTB), filed an amended Form 4 (Form 4/A) to correct a previously reported incorrect number of Phantom Stock Units (PSUs).
• On June 27, 2025, 348.7212 PSUs were acquired by Robert Lynch.
• Each PSU was acquired at a price of $65.585, representing deferred director fees.
• These PSUs are accrued under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors Plan and are to be settled 100% in cash upon the reporting person's retirement.
• The number of PSUs acquired is calculated by dividing the deferred directors' fees by the fair market value (average of high and low selling prices) per share on the date of deferral.
• Following this transaction, the total number of PSUs beneficially owned by Robert Lynch is 7,686.3149.
• The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Sentiment

Score: 5

Explanation: Neutral. This is a routine compliance filing correcting a prior error in insider holdings, with no direct positive or negative financial implications for the company's operations or outlook.

Positives

• Correction of previously reported data enhances transparency and accuracy of disclosures regarding insider holdings.

Negatives

• A prior reporting error necessitated this amendment, though it has now been corrected.

Future Outlook

NA

Management Comments

• Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement.
• The number of PSUs acquired equals the amount of Directors' fees deferred by the reporting person divided by the fair market value (average of the high and low selling prices) per share on the date of deferral.
• The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.
• This corrects an incorrect number of PSUs previously reported.
• Each PSU was acquired at the election of the Director by deferring $65.585 of fees per PSU.

Industry Context

This filing is a standard regulatory disclosure for insider transactions, common across all publicly traded companies, and does not reflect specific industry trends within the apparel or retail sector.

Related Party Transactions

• Acquisition of Phantom Stock Units by a Director (Robert Lynch) through the deferral of director fees under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors Plan.

Stakeholder Impact

• Shareholders: Enhanced transparency due to the correction of previously reported insider holdings.

Key Dates

Keywords

Kontoor Brands, KTB, SEC Form 4/A, Phantom Stock Units, Director Compensation, Deferred Compensation, Insider Transaction, Beneficial Ownership, Corporate Governance