Form 4: Kontoor Brands Executive Thomas L. Doerr, Jr. Sells Shares
SEC Form 4 Filing
Thomas L. Doerr, Jr., EVP, GC, & Secretary of Kontoor Brands, Inc., sold 9,038.654 shares of common stock on November 1, 2024, at a weighted average price of $80.714.
Summary
- On November 1, 2024, Thomas L. Doerr, Jr., an executive at Kontoor Brands, Inc., sold 9,038.654 shares of common stock.
- The sale was executed at a weighted average price of $80.714 per share.
- Following the transaction, Doerr directly owns 18,179.067 shares of Kontoor Brands, Inc., including restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an executive stock sale. The sentiment is neutral as it doesn't inherently indicate positive or negative news about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. It is important to consider the context of the sale, such as the executive's overall holdings and any stated reasons for the transaction.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, potentially leading to slight selling pressure on the stock.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of the transaction: sale of common stock. |
| 11/04/2024 | Date of signature on the SEC Form 4. |
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