KTB Form 144 Files Proposed Sale After Restricted Stock Vesting
Rhea-AI Filing Summary
Kontoor Brands, Inc. (KTB) Form 144 notifies the proposed sale of 5,254 common shares by a person whose shares were acquired through restricted stock vesting on 03/01/2024 as compensation. The filing states an aggregate market value of $405,692.08 for the proposed sale, with an approximate sale date of 08/26/2025 on the NYSE. The filer also reported selling 12,967 common shares on 08/22/2025 for $996,106.80. The notice includes the customary attestation that the seller is not aware of undisclosed material adverse information.
Positive
- Transaction arose from restricted stock vesting, indicating the shares were granted as compensation on 03/01/2024
- Form 144 disclosure filed, specifying broker (Fidelity Brokerage Services LLC) and planned execution on the NYSE
- Includes seller attestation that they are not aware of undisclosed material adverse information
Negative
- Insider sold 12,967 shares on 08/22/2025 for $996,106.80 (reported in the filing)
- Proposed additional sale of 5,254 shares with aggregate market value $405,692.08 scheduled for 08/26/2025
Insights
TL;DR: Routine insider sale notice showing post-vesting disposition; transaction is disclosed and executed through a broker on the NYSE.
This Form 144 documents a proposed sale of 5,254 shares that were acquired via restricted stock vesting and paid as compensation on 03/01/2024. The filing reports a prior sale of 12,967 shares on 08/22/2025 generating $996,106.80. The sale is to occur through Fidelity Brokerage Services on the NYSE with an indicated aggregate market value of $405,692.08. As a securities analyst, this appears to be a standard insider liquidity event rather than an operational disclosure; no additional financial metrics or company operational changes are provided in the filing.
TL;DR: Proper Rule 144 disclosure of insider sale tied to compensation vesting, including attestation about undisclosed material information.
The filing specifies the nature of acquisition as Restricted Stock Vesting and identifies the broker and timing for the proposed sale, satisfying Rule 144 notice requirements. The inclusion of a recent sale (12,967 shares) and the seller's attestation about material information are notable governance details. The document contains no indication of adverse corporate governance events or violations; it solely documents compliance with resale reporting obligations.