Form 4: Kontoor Brands EVP and COO Thomas Waldron Reports Changes in Beneficial Ownership

Thomas Waldron, EVP and COO of Kontoor Brands, reports changes in beneficial ownership of common stock due to tax withholding and the acquisition of restricted stock units.

Summary

• On April 1, 2024, Thomas Waldron, EVP and COO of Kontoor Brands, engaged in transactions involving the company's common stock.
• A total of 5,785 shares were withheld to cover tax obligations related to the settlement of restricted stock units at a price of $60.27 per share.
• Waldron also acquired 18,231 shares of common stock through restricted stock units.
• Following these transactions, Waldron's directly held beneficial ownership of Kontoor Brands common stock totaled 138,878.692 shares, which includes restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of restricted stock units is a slightly positive indicator of executive confidence.

Positives

• The acquisition of 18,231 shares through restricted stock units indicates a continued investment in the company by a key executive.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive interests with those of shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• It assures stakeholders that executives have a vested interest in the company's performance.

Key Dates