Kontoor Brands director corrects phantom stock entry
Kontoor Brands director Robert Lynch filed an amended insider report that corrects a previously misreported phantom stock award.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock-d | -- | -- | -- |
Footnotes (4)
- F1. 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.
- F2. 1 for 1.
- F3. There is no date that should appear in these columns. These columns are not applicable to this particular filing.
- F4. 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
Key Terms
Phantom Stock-d financial
phantom stock units ("PSUs") financial
Deferred Savings Plan For Non-Employee Directors financial
deemed reinvestment of dividends financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kontoor Brands (KTB) director Robert Lynch report in this amended Form 4?
What are the Phantom Stock-d units reported by Robert Lynch at Kontoor Brands (KTB)?
How many phantom stock units does Robert Lynch now report holding at Kontoor Brands (KTB)?
How are Robert Lynch’s phantom stock units at Kontoor Brands (KTB) settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.