Form 4: Kontoor Brands Executive Jennifer H. Broyles Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jennifer H. Broyles, EVP, Global Brands President of Kontoor Brands, Inc., reports a transaction involving common stock on July 15, 2024, to cover tax obligations related to settled restricted stock units.
Summary
- On July 15, 2024, Jennifer H. Broyles, EVP, Global Brands President of Kontoor Brands, Inc. (KTB), reported a transaction.
- The transaction involved the disposal of 30 shares of common stock at a price of $66.08 per share to satisfy tax withholding obligations on settled restricted stock units.
- Following the transaction, Broyles beneficially owns 37,459.941 shares of Kontoor Brands common stock, which includes 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
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions to the market.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction involving the disposal of common stock. |
| 07/16/2024 | Date of signature for the report. |
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