Kontoor Brands (KTB) director amends Form 4 to correct phantom stock units
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Kontoor Brands director Robert Lynch filed an amended insider report that corrects a previously misreported phantom stock award. A prior Form 4 had shown an award of 722.8045 Phantom Stock-d units tied to Kontoor Brands common stock, which the company now states was reported erroneously and has been removed.
The amendment confirms that Lynch beneficially holds 8,480.274 phantom stock units under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors. These units track the value of common shares on a 1-for-1 basis, with dividend equivalents reinvested, and will be settled 100% in cash upon his retirement rather than with company stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lynch Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock-d | -- | -- | -- |
Holdings After Transaction:
Phantom Stock-d — 8,480.274 shares (Direct)
Footnotes (1)
- Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement. The number of PSUs acquired equals the amount of Directors' fees deferred by the reporting person divided by the fair market value (average of the high and low selling prices) per share on the date of deferral. The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends. 1 for 1. There is no date that should appear in these columns. These columns are not applicable to this particular filing. The Form 4 filed on April 3, 2026 reported the award of 722.8045 shares of Phantom Stock-d Common Stock. These shares were reported erroneously. This amended Form 4 is being filed to remove the award transaction and to correct the reporting person's Phantom Stock-d Common Stock ownership per the following of the reported transaction.
Key Figures
Current phantom stock units: 8,480.274 units
Erroneously reported award: 722.8045 units
Conversion ratio: 1 for 1
+1 more
4 metrics
Current phantom stock units
8,480.274 units
Phantom Stock-d units beneficially owned after correction
Erroneously reported award
722.8045 units
Phantom Stock-d award removed by amended Form 4
Conversion ratio
1 for 1
Each phantom stock unit tracks one share of common stock
Exercise price
$0.0000
Phantom Stock-d units under deferred savings plan
Key Terms
Phantom Stock-d, phantom stock units ("PSUs"), Deferred Savings Plan For Non-Employee Directors, deemed reinvestment of dividends
4 terms
Phantom Stock-d financial
"The Form 4 filed on April 3, 2026 reported the award of 722.8045 shares of Phantom Stock-d Common Stock."
phantom stock units ("PSUs") financial
"Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement."
Deferred Savings Plan For Non-Employee Directors financial
"Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement."
deemed reinvestment of dividends financial
"The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends."
FAQ
What did Kontoor Brands (KTB) director Robert Lynch report in this amended Form 4?
Robert Lynch corrected a prior insider report that had mistakenly shown an award of 722.8045 Phantom Stock-d units. The amendment removes that award and confirms his current beneficial holding of 8,480.274 phantom stock units tied economically to Kontoor Brands common stock.
What are the Phantom Stock-d units reported by Robert Lynch at Kontoor Brands (KTB)?
The Phantom Stock-d units are phantom stock units accrued under Kontoor Brands’ Deferred Savings Plan for Non-Employee Directors. Each unit tracks one share of common stock and includes deemed reinvestment of dividends, but will be settled entirely in cash when the director retires from the board.
How many phantom stock units does Robert Lynch now report holding at Kontoor Brands (KTB)?
Robert Lynch reports beneficial ownership of 8,480.274 phantom stock units. These units mirror the value of Kontoor Brands common shares on a 1-for-1 basis and grow over time through deemed dividend reinvestment under the non-employee directors’ deferred savings plan.
How are Robert Lynch’s phantom stock units at Kontoor Brands (KTB) settled?
The phantom stock units will be settled 100% in cash upon Robert Lynch’s retirement. Their value equals the number of units, which track Kontoor Brands common stock on a 1-for-1 basis, including deemed reinvestment of dividends during the deferral period.