Form 4: Kontoor Brands Executive Thomas L. Doerr Jr. Reports Share Transactions
SEC Form 4 Filing
Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., reports acquisition and disposal of common stock related to performance share units.
Summary
- On February 24, 2025, Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., reported transactions involving the company's common stock.
- Doerr acquired 10,897.833 shares of common stock as part of the settlement of performance share units for the performance period ending December 28, 2024.
- Concurrently, Doerr disposed of 29,132.053 shares of common stock.
- Following these transactions, Doerr directly owns 29,132.053 shares of Kontoor Brands, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/28/2024 | End of performance period for performance share units. |
| 02/24/2025 | Date of stock transactions (acquisition and disposal). |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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