Form 4: Kontoor Brands Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., disposed of shares to cover tax obligations related to settled performance share units.
Summary
- On February 28, 2025, Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., disposed of 5,223.771 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $66.04 per share.
- Following the transaction, Doerr directly owns 23,908.282 shares of Kontoor Brands, Inc. common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the disposal of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Disposal of common stock to cover tax obligations. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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