Form 4: Kontoor Brands VP Susan Sumner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, Inc., reports changes in beneficial ownership of common stock due to tax withholding and the acquisition of restricted stock units.
Summary
- On April 1, 2024, Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, Inc., reported changes in her beneficial ownership of the company's common stock.
- A total of 387 shares were disposed of to satisfy tax withholding obligations at a price of $60.27 per share.
- She also acquired 953 shares of common stock through restricted stock units at $0.
- Following these transactions, Sumner beneficially owns 15,379.265 shares of Kontoor Brands, Inc.
- The reported transactions were filed on April 2, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is a routine part of corporate governance and transparency.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that insider transactions are being monitored and reported as required by regulations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transactions involving common stock. |
| 04/02/2024 | Date the Form 4 was signed. |
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