Form 4: Kontoor Brands EVP Jennifer H. Broyles Reports Stock Transactions

Jennifer H. Broyles, EVP, Global Brands President at Kontoor Brands, Inc., reports multiple transactions involving common stock, including acquisitions and disposals to cover tax obligations.

Summary

• On April 1, 2024, Jennifer H. Broyles, EVP, Global Brands President of Kontoor Brands, Inc., reported several transactions involving the company's common stock.
• These transactions included the disposal of shares to satisfy tax withholding obligations related to settled restricted stock units.
• Specifically, 360, 340, 269, 128, 135, and 118 shares were disposed of at a price of $60.27 per share to cover these tax obligations.
• Broyles also acquired 4,608 shares and 622 shares of common stock at $0.
• Following these transactions, Broyles beneficially owns 37,390.537 shares of Kontoor Brands, Inc. common stock, which includes restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions by an executive. There is no indication of positive or negative implications for the company's performance.

Positives

• Broyles acquired 4,608 shares and 622 shares of common stock at $0.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates