Form 4: Kontoor Brands Executive Thomas L. Doerr Jr. Reports Stock Transactions
SEC Form 4 Filing
Thomas L. Doerr Jr., an executive at Kontoor Brands, reported the acquisition and disposal of company stock on April 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On April 1, 2024, Thomas L. Doerr Jr., EVP, GC, & Secretary of Kontoor Brands, Inc. [KTB], reported transactions involving the company's common stock.
- Doerr disposed of 768 shares to satisfy tax withholding obligations at a price of $60.27 per share.
- He also acquired 4,111 shares of common stock at $0.
- Following these transactions, Doerr beneficially owns 31,731.042 shares of Kontoor Brands common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transactions (disposal and acquisition). |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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