Tax share withholding by Kontoor Brands (KTB) EVP Joseph Alkire
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
ALKIRE JOSEPH A
Role
EVP, CFO & Head of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 17,294.418 | $78.62 | $1.36M |
Holdings After Transaction:
Common Stock — 47,389.366 shares (Direct)
Footnotes (1)
- Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled performance share units. Common stock includes restricted stock units.
FAQ
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.