Form 4: Kontoor Brands Executive Jennifer H. Broyles Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jennifer H. Broyles, EVP, Global Brands President at Kontoor Brands, Inc., reported disposing of shares to cover tax withholding obligations related to settled restricted stock units.
Summary
- On December 20, 2024, Jennifer H. Broyles, EVP, Global Brands President of Kontoor Brands, Inc., disposed of 303 shares of common stock at a price of $86.3 to cover tax obligations.
- Additionally, on the same day, Broyles disposed of 572 shares of common stock, also at $86.3, for tax withholding.
- Following these transactions, Broyles beneficially owns 37,310.661 shares of Kontoor Brands, Inc., common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Date of stock disposal transactions for tax withholding obligations. |
| 12/23/2024 | Date of signature for the Form 4 filing. |
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