Form 4: Kontoor Brands VP Susan Sumner Reports Stock Transaction
SEC Form 4 Filing
Susan Sumner, VP & Chief Accounting Officer of Kontoor Brands, reports the withholding of shares to cover tax obligations on settled performance share units.
Summary
- On February 28, 2025, Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, Inc. had 253.078 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $66.04 per share.
- Following the transaction, Sumner beneficially owns 10,412.152 shares of Kontoor Brands common stock, which includes restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction (tax withholding). It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding event related to the vesting of performance share units.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction (tax withholding) |
| 03/04/2025 | Date of Form 4 filing |
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