Form 4: Kontoor Brands Director Robert K. Shearer Reports Acquisition of Phantom Stock Units

Director Robert K. Shearer reports acquiring phantom stock units in Kontoor Brands through a deferred savings plan.

Summary

• Robert K. Shearer, a director of Kontoor Brands, Inc., filed a Form 4 on March 31, 2025, reporting a transaction on March 28, 2025.
• The transaction involved the acquisition of 738.0016 phantom stock units (PSUs) under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan.
• These PSUs were acquired by deferring $64.3630 of fees per PSU.
• The reporting person's holdings following the transaction are 36,511.8551 PSUs.
• The PSUs will be settled 100% in cash upon the reporting person's retirement.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's participation in a deferred savings plan, which is neither overtly positive nor negative.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the acquisition of PSUs suggests a belief in the company's long-term value.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, and it doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The acquisition of phantom stock units by a director can align the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Kontoor Brands, Director, Robert K. Shearer, Phantom Stock Units, Deferred Savings Plan, PSUs, KTB