Form 4: Kontoor Brands EVP Peter A. Kidd Reports Stock Disposal
SEC Form 4 Filing
Peter A. Kidd, EVP and CHRO of Kontoor Brands, Inc., reported the disposal of 552 shares of common stock on August 15, 2024, to cover tax obligations related to restricted stock units.
Summary
- Peter A. Kidd, an EVP and CHRO at Kontoor Brands, Inc., filed a Form 4.
- The form reports a transaction that occurred on August 15, 2024.
- Kidd disposed of 552 shares of common stock at a price of $71.05.
- This disposal was to cover tax obligations related to restricted stock units.
- Following the transaction, Kidd beneficially owns 14,880.048 shares of common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with access to non-public information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/16/2024 | Date of Form 4 filing |
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