Kontoor Brands (NYSE: KTB) CEO exercises $22 options, sells stock
Rhea-AI Filing Summary
Kontoor Brands (KTB) Chairman and CEO Scott H. Baxter reported several equity transactions. On 2026-08-13 he exercised a stock option for 184,403 shares of common stock at an exercise price of $22.044 per share, receiving 184,403 shares. That day he sold 116,872 shares at a weighted average price of $82.9925 (with individual trades between $82.50 and $83.49) and 67,531 shares at a weighted average price of $84.0922 (with trades between $83.57 and $84.14). The option was fully exercised, leaving 0 option shares outstanding from that grant and had an original expiration date of 2027-02-21. On 2026-08-14, Baxter made a bona fide gift transfer of 56,160 shares of common stock held indirectly through “2025 GRAT #1,” leaving 210 shares held by that GRAT. Reported indirect holdings after these transactions include 90,680 shares by “2026 GRAT #1,” 380 shares held by his son, and 172,130.214 shares held by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 184,403 shares ($11.31M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Baxter Scott H
Role
Chairman and CEO
Sold
184,403 shs ($15.38M)
Approx. gross sale proceeds
$15.38M
Approx. exercise cost
$4.06M
Approx. pre-tax spread
$11.31M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 56,160 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 56,160 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4 | 184,403 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 184,403 | $22.044 | $4.06M |
| Sale | Common Stock F2, F1 | 116,872 | $82.9925 | $9.70M |
| Sale | Common Stock F3, F1 | 67,531 | $84.0922 | $5.68M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 210 shares (Indirect, By 2025 GRAT #1);
Common Stock — 317,946.301 shares (Direct);
Common Stock — 90,680 shares (Indirect, By 2026 GRAT #1);
Common Stock — 380 shares (Indirect, By Son);
Common Stock — 172,130.214 shares (Indirect, By Trust)
Footnotes (4)
- F1. Includes 694.173 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.50 to $83.49. The reporting person undertakes to provide to Kontoor Brands, Inc., any security holder of Kontoor Brands, Inc., or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.57 to $84.14. The reporting person undertakes to provide to Kontoor Brands, Inc., any security holder of Kontoor Brands, Inc., or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. This option vested as follows: 61,468 shares vested on 2/22/2018; 61,468 shares vested on 2/22/2019; and 61,467 shares vested on 2/22/2020.
Key Figures
Option shares exercised: 184,403 shares
Option exercise price: $22.044 per share
Shares sold block 1: 116,872 shares at $82.9925
+5 more
8 metrics
Option shares exercised
184,403 shares
Stock option (right to buy) exercised on 2026-08-13
Option exercise price
$22.044 per share
Conversion or exercise price for 184,403-share option grant
Shares sold block 1
116,872 shares at $82.9925
Weighted average sale price on 2026-08-13; trades between $82.50 and $83.49
Shares sold block 2
67,531 shares at $84.0922
Weighted average sale price on 2026-08-13; trades between $83.57 and $84.14
Gifted shares
56,160 shares
Bona fide gift of common stock from 2025 GRAT #1 on 2026-08-14
Indirect holding by 2026 GRAT #1
90,680 shares
Common stock held indirectly after transactions
Indirect holding by Trust
172,130.214 shares
Common stock held indirectly by trust after transactions
Indirect holding by Son
380 shares
Common stock held indirectly by son after transactions
Key Terms
bona fide gift, weighted average price, dividend equivalents, restricted stock units, +1 more
5 terms
bona fide gift financial
"transaction_code "G" described as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividend equivalents financial
"Includes 694.173 shares received as dividend equivalents on restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock units financial
"Common stock includes restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
GRAT financial
"nature_of_ownership includes By 2025 GRAT #1 and By 2026 GRAT #1"
FAQ
What stock option did KTB CEO Scott H. Baxter exercise in this Form 4?
Scott H. Baxter exercised a stock option for 184,403 shares of Kontoor Brands (KTB) common stock at an exercise price of $22.044 per share. The option, originally expiring on 2027-02-21, was fully exercised, leaving 0 option shares remaining from this grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
