Form 4: Kontoor Brands EVP Peter Kidd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Kidd, EVP and CHRO of Kontoor Brands, reports changes in beneficial ownership of company stock due to tax withholding and the acquisition of restricted stock units.
Summary
- On April 1, 2025, Peter Kidd, EVP and CHRO of Kontoor Brands, engaged in transactions involving the company's common stock.
- A total of 194 shares were disposed of to cover tax obligations at a price of $64.14 per share.
- An additional 430 shares were disposed of to cover tax obligations at a price of $64.14 per share.
- Kidd also acquired 2,960 shares of common stock with a value of $0.
- Following these transactions, Kidd directly owns 18,161.954 shares of Kontoor Brands, Inc.
- These shares include restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting stock transactions.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock transactions (disposal for tax withholding and acquisition of shares). |
| 04/03/2025 | Date of report filing. |
Keywords
beneficial ownership, Form 4, Kontoor Brands, KTB, Peter Kidd, CHRO, stock, restricted stock units, tax withholding
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