Director at Kontoor Brands (NYSE: KTB) receives 2,586-share award
Rhea-AI Filing Summary
SHEARER ROBERT K reported acquisition or exercise transactions in this Form 4 filing.
Kontoor Brands, Inc. director Robert K. Shearer received 2,586 shares of Common Stock as a compensation award. The shares were granted at a stated price of $0.00 per share and increased his directly owned Common Stock position to 54,437.992 shares, which includes restricted stock units and 94.761 shares credited as dividend equivalents.
Shearer also holds 40,889.7619 phantom stock units under the company’s deferred savings plan for non-employee directors, tied 1-for-1 to the value of Common Stock but settled 100% in cash upon retirement. These phantom units include 308.8649 shares credited as dividend equivalents since the last statement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,586 shares
Net Buy
2 txns
Insider
SHEARER ROBERT K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,586 | $0.00 | $0.00 |
| holding | Phantom Stock-d | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,437.992 shares (Direct);
Phantom Stock-d — 40,889.7619 shares (Direct)
Footnotes (5)
- F1. Includes 94.761 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units.
- F2. 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.
- F3. 1 for 1.
- F4. There is no date that should appear in these columns. These columns are not applicable to this particular filing.
- F5. Includes 308.8649 shares received as dividend equivalents on PSUs since the last statement.
Key Figures
Director share award: 2,586 shares
Common Stock holdings: 54,437.992 shares
Phantom stock units: 40,889.7619 units
+2 more
5 metrics
Director share award
2,586 shares
Common Stock grant on 2026-05-01
Common Stock holdings
54,437.992 shares
Direct Common Stock after award, including RSUs and dividend equivalents
Phantom stock units
40,889.7619 units
Deferred Savings Plan units tied 1-for-1 to Common Stock value
RSU dividend equivalents
94.761 shares
Dividend equivalents on restricted stock units since last statement
PSU dividend equivalents
308.8649 shares
Dividend equivalents on phantom stock units since last statement
Key Terms
Phantom Stock, restricted stock units, Deferred Savings Plan For Non-Employee Directors, dividend equivalents, +1 more
5 terms
Phantom Stock financial
"Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
restricted stock units financial
"Includes 94.761 shares received as dividend equivalents on restricted stock units since the last statement."
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.
Deferred Savings Plan For Non-Employee Directors financial
"accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan")"
dividend equivalents financial
"The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends."
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.
1 for 1 financial
"1 for 1."
FAQ
What insider transaction did Kontoor Brands (KTB) report for director Robert K. Shearer?
Kontoor Brands reported that director Robert K. Shearer received a grant of 2,586 shares of Common Stock. This award is compensation-related, not an open-market purchase, and increased his directly owned Common Stock holdings to 54,437.992 shares, including restricted stock units and dividend equivalents.
What are the phantom stock units reported for Kontoor Brands (KTB) director Robert K. Shearer?
Shearer holds 40,889.7619 phantom stock units under Kontoor Brands’ Deferred Savings Plan for Non-Employee Directors. These units track the value of Common Stock on a 1-for-1 basis but are settled entirely in cash at retirement, and their amount changes with deemed dividend reinvestment.
Were the phantom stock units in the Kontoor Brands (KTB) Form 4 an open-market transaction?
The phantom stock units reflect deferred directors’ fees under a savings plan, not an open-market trade. The number of units equals deferred fees divided by the share’s fair market value at deferral and can vary over time due to deemed reinvestment of dividends rather than active buying or selling.
How do dividend equivalents affect Robert K. Shearer’s Kontoor Brands (KTB) holdings?
Dividend equivalents increase his reported balances in both restricted stock units and phantom stock units. Since the last statement, 94.761 shares were added to Common Stock via RSU dividend equivalents and 308.8649 shares were credited to phantom stock units, reflecting reinvested dividends rather than new market purchases.
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