KTB insider sale notice: 12,967 shares via Fidelity on NYSE (~$996K)
Rhea-AI Filing Summary
Kontoor Brands, Inc. (KTB) filed a Form 144 disclosing a proposed sale of 12,967 common shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $996,106.80. The filing reports the securities outstanding at 55,574,234 shares and an approximate sale date of 08/22/2025. The shares being offered were acquired through restricted stock vesting on 02/28/2025 (7,864 shares) and 04/01/2025 (5,103 shares) as compensation. The filer reports no securities sold in the past three months and includes the standard certification that no material non‑public information is known.
Positive
- Transparent disclosure of intended sale including broker, share count, and aggregate value
- Securities originated from compensation (restricted stock vesting), clarifying the basis for shares
Negative
- None.
Insights
TL;DR: Routine insider sale notice; small position relative to outstanding shares, primarily vested restricted stock.
The Form 144 is a standard regulatory notice indicating the intent to sell shares acquired through restricted stock vesting on two dates in early 2025. The broker is Fidelity Brokerage Services and the execution is planned on the NYSE. The disclosed amount represents a very small fraction of total outstanding shares (~0.023%), suggesting limited market impact. No prior sales in the past three months are reported, and the filing contains the usual attestation regarding material nonpublic information. Compliance elements appear present and complete based on provided fields.
TL;DR: The sale size is immaterial to company market capitalization; disclosure provides transparency on insiders monetizing vested compensation.
The proposed sale of 12,967 shares with an aggregate value near $1.0M stems from restricted stock vesting and is being processed via a major broker on the NYSE. Relative to 55.6 million shares outstanding, the position is negligible and unlikely to affect liquidity or share price materially. The filing does not report recent insider sales, which limits trend analysis. Overall, this is a routine, immaterial insider liquidity event.