Form 4: Kontoor Brands EVP Joseph Alkire Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Joseph Alkire, EVP & Chief Financial Officer of Kontoor Brands, Inc., reported the disposal of common stock to cover tax withholding obligations related to settled restricted stock units.
Summary
- On September 23, 2024, Joseph A. Alkire, the EVP & Chief Financial Officer of Kontoor Brands, Inc., disposed of shares of common stock to satisfy tax withholding obligations.
- A total of 756 shares were disposed of at a price of $78.09 per share.
- An additional 2,968 shares were disposed of at the same price.
- Following these transactions, Alkire beneficially owns 24,767.697 shares of Kontoor Brands, Inc. common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates stock disposals to cover tax obligations, which is a common practice.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on stakeholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of stock disposal transactions. |
| 09/24/2024 | Date of signature on the Form 4 filing. |
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