Form 4: Kontoor Brands Executive Reports Stock Transactions

Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, reports the withholding of shares for tax obligations and the acquisition of additional shares.

Summary

• On April 1, 2025, Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, engaged in transactions involving the company's common stock.
• Shares were withheld to cover tax obligations related to settled restricted stock units, with prices at $64.14.
• A total of 354 shares were withheld for tax purposes.
• Sumner also acquired 1,192 shares of common stock at $0.
• Following these transactions, Sumner beneficially owns 11,268.982 shares of Kontoor Brands, Inc.
• These holdings include restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Positives

• The acquisition of 1,192 shares by the VP & Chief Accounting Officer could be seen as a positive signal.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Similar filings can be observed for executives at comparable companies like Levi Strauss & Co. and VF Corporation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

Keywords

Kontoor Brands, Stock Transactions, Form 4, Beneficial Ownership, Susan Denise Sumner, KTB, Restricted Stock Units, Tax Withholding