Form 4: Kontoor Brands Executive Jennifer H. Broyles Reports Stock Transactions
SEC Form 4 Filing
EVP, Global Brands President of Kontoor Brands, Jennifer H. Broyles, reported the acquisition and disposal of company stock and stock options on November 20, 2024.
Summary
- Jennifer H. Broyles, EVP, Global Brands President at Kontoor Brands, reported several transactions involving the company's common stock and stock options on November 20, 2024.
- She acquired 4,302 shares of common stock at $22.0444 per share and 4,768 shares at $30.8383 per share through the exercise of stock options.
- She also disposed of 4,768 shares at $89.97 per share and 4,302 shares at $89.97 per share.
- Additionally, 4,768 shares were disposed of indirectly by her spouse at $89.97 per share.
- Following these transactions, Ms. Broyles directly owns 37,546.06 shares and indirectly owns 0 shares through her spouse.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a standard regulatory filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock options as part of their compensation.
- The prices at which the stock options were exercised and the shares were sold are within the range of market fluctuations for Kontoor Brands stock.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to cause significant fluctuations.
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 02/22/2018 | 1,434 shares of stock options vested. |
| 02/22/2019 | 1,434 shares of stock options vested. |
| 02/21/2019 | 1,590 shares of stock options vested. |
| 02/22/2020 | 1,434 shares of stock options vested. |
| 02/21/2020 | 1,589 shares of stock options vested. |
| 02/21/2021 | 1,589 shares of stock options vested. |
| 11/20/2024 | Date of stock and stock option transactions. |
| 11/21/2024 | Date of filing the Form 4. |
| 02/21/2027 | Expiration date of some stock options. |
| 02/20/2028 | Expiration date of some stock options. |
Keywords
Kontoor Brands, stock options, insider trading, Form 4, equity securities, Jennifer H. Broyles, stock transactions
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