Kontoor Brands director granted 617 phantom stock units
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
SHEARER ROBERT K reported acquisition or exercise transactions in this Form 4 filing.
Kontoor Brands, Inc. director Robert K. Shearer reported updated equity-related holdings and a new compensation award. He received 617.5258 phantom stock units54,455.675 shares17.683 shares
Insider Trade Summary
Grant/Award: 617.5258 shares
Grant/Award
1 txn
Insider
SHEARER ROBERT K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 617.5258 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock-d — 41,507.2877 units (Direct);
Common Stock — 54,455.675 shares (Direct)
Footnotes (4)
- F1. Includes 17.683 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.
Key Figures
Phantom stock units granted: 617.5258 units
Phantom units after transaction: 41,507.2877 units
Common stock holdings: 54,455.675 shares
+3 more
6 metrics
Phantom stock units granted
617.5258 units
Accrued under deferred savings plan on 2026-07-02
Phantom units after transaction
41,507.2877 units
Total phantom stock units beneficially owned after grant
Common stock holdings
54,455.675 shares
Common stock directly held following reported update
Dividend-equivalent shares
17.683 shares
Dividend equivalents on restricted stock units since last statement
PSU to common ratio
1 for 1
Each phantom stock unit notionally corresponds to one common share
PSU exercise price
$0.0000 per unit
Phantom units are cash-settled with no exercise cost
Key Terms
Phantom Stock-d, phantom stock units ("PSUs"), Deferred Savings Plan For Non-Employee Directors, dividend equivalents, +2 more
6 terms
Phantom Stock-d financial
"security_title: "Phantom Stock-d""
phantom stock units ("PSUs") financial
"Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan"
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
"Includes 17.683 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.
deemed reinvestment of dividends financial
"may vary over time due to deemed reinvestment of dividends."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kontoor Brands (KTB) director Robert Shearer report in this Form 4?
Director Robert Shearer reported a grant of 617.5258 phantom stock units and updated common stock holdings of 54,455.675 shares. The filing reflects routine director compensation and accumulated restricted stock units, including small dividend-equivalent credits since the prior statement.
How many phantom stock units did Robert Shearer acquire in Kontoor Brands (KTB)?
Robert Shearer acquired 617.5258 phantom stock units under Kontoor Brands’ deferred savings plan. These units track the company’s common stock value and are based on deferred directors’ fees divided by the share’s fair market value on the deferral date.
How are Kontoor Brands (KTB) phantom stock units for directors settled?
The phantom stock units are settled 100% in cash upon the director’s retirement. Although the number of units is tied to Kontoor Brands’ common stock price, no actual shares are issued; instead, cash equivalent to their value is paid under the plan.
What are Robert Shearer’s reported common stock holdings in Kontoor Brands (KTB)?
The Form 4 shows Robert Shearer holding 54,455.675 shares of Kontoor Brands common stock directly. This figure includes restricted stock units and 17.683 additional shares received as dividend equivalents since the last Form 4 statement was filed.
How are Kontoor Brands (KTB) phantom stock units calculated for directors?
The number of phantom stock units equals the directors’ fees deferred divided by the fair market value per share. Fair market value is defined as the average of the high and low trading prices of Kontoor Brands common stock on the date of deferral.
Do Kontoor Brands (KTB) phantom stock units change over time?
Yes. The number of phantom stock units may vary over time due to deemed reinvestment of dividends. As dividends are credited, additional units are notionally added under the plan, increasing the director’s cash-settled balance tied to Kontoor Brands’ share performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
