Kontoor Brands EVP withholds 17,294 shares for taxes
Kontoor Brands EVP, CFO & Head of Operations Joseph A. Alkire reported a tax-related share disposition tied to equity compensation.
Rhea-AI Filing Summary
Kontoor Brands EVP, CFO & Head of Operations Joseph A. Alkire reported a tax-related share disposition tied to equity compensation. On the reported date, 17,294.4180 shares of common stock were withheld at $78.6200 per share to cover tax obligations on settled performance share units.
After this tax-withholding disposition, Alkire directly owns 47,389.3660 shares of common stock, and this amount includes restricted stock units as noted in the disclosure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 17,294.418 shares
Exercise Price or Tax Liability
1 txn
Insider
ALKIRE JOSEPH A
Role
EVP, CFO & Head of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 17,294.418 | $78.62 | $1.36M |
Holdings After Transaction:
Common Stock — 47,389.366 shares (Direct)
Footnotes (2)
- F1. Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled performance share units.
- F2. Common stock includes restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kontoor Brands (KTB) executive Joseph A. Alkire report?
Joseph A. Alkire reported a tax-withholding disposition of common stock. 17,294.4180 shares were withheld at $78.6200 per share to satisfy tax obligations on settled performance share units, rather than being sold in an open-market transaction.
Was Joseph Alkire’s Kontoor Brands (KTB) transaction an open-market sale?
No, the transaction is described as a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy tax obligations on settled performance share units, according to the footnote in the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.