Form 4: Kontoor Brands Executive Reports Stock Transactions
SEC Form 4 Filing
Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., reports the withholding of shares to cover tax obligations related to settled restricted stock units.
Summary
- On July 15, 2024, Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., had shares withheld to cover tax obligations.
- 835 shares were withheld at a price of $66.08.
- An additional 3,875 shares were withheld at a price of $66.08.
- Following these transactions, Doerr directly owns 27,159.516 shares of common stock, which includes restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations on executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of stock transactions (share withholding for tax obligations). |
| 07/16/2024 | Date of signature for the Form 4 filing. |
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