Form 4: Kontoor Brands EVP and COO Thomas Waldron Reports Tax Withholding Transaction
SEC Form 4 Filing
Thomas Waldron, EVP and COO of Kontoor Brands, Inc., reports the withholding of shares to cover tax obligations related to settled performance share units.
Summary
- On February 28, 2025, Thomas E. Waldron, EVP and COO of Kontoor Brands, Inc., had 5,929.236 shares of common stock withheld to satisfy tax obligations.
- The price per share was $66.04.
- Following the transaction, Waldron directly owns 142,704.299 shares of Kontoor Brands, Inc. common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures. It doesn't indicate positive or negative sentiment.
Industry Context
This is a standard SEC filing related to executive compensation and stock ownership. It is typical for executives to have shares withheld to cover tax obligations when performance share units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to internal tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Shares withheld for tax obligations. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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