Form 4: Kontoor Brands VP Susan Sumner Reports Stock Transactions

Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, Inc., reports the settlement of performance share units and adjustments to her holdings of common stock and restricted stock units.

Summary

• Susan Denise Sumner, VP & Chief Accounting Officer of Kontoor Brands, Inc. filed a Form 4.
• The report details changes in her beneficial ownership of the company's securities.
• On February 24, 2025, Ms. Sumner acquired 769.068 shares of common stock through the settlement of performance share units.
• The price per share for this acquisition was $0.
• Following the transaction, Ms. Sumner beneficially owns 10,665.23 shares of common stock, which includes restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing reporting stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It allows stakeholders to monitor the actions of company executives.

Key Dates