Form 4: Kontoor Brands EVP Peter Kidd Reports Stock Transaction
SEC Form 4 Filing
Peter Kidd, EVP and CHRO of Kontoor Brands, reports a transaction involving the withholding of shares to cover tax obligations on settled performance share units.
Summary
- On February 28, 2025, Peter A. Kidd, EVP and CHRO of Kontoor Brands, Inc., had 1,045.553 shares of common stock withheld to satisfy tax obligations on settled performance share units at a price of $66.04 per share.
- Following the transaction, Kidd directly owns 16,015.615 shares of Kontoor Brands common stock, which includes restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction (shares withheld for tax obligations) |
| 03/04/2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.