Kontoor Brands (NYSE: KTB) director gets 2,236-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stewart Shelley JR reported acquisition or exercise transactions in this Form 4 filing.
Kontoor Brands director Stewart Shelley Jr received a grant of 2,236 shares of Common Stock at no cost as compensation. This award increased his direct holdings to 26,440.02 shares of Kontoor Brands, Inc. common stock.
A footnote explains that the holding figure includes 81.951 shares received as dividend equivalents on restricted stock units since the prior statement, and that the reported common stock total includes these restricted stock units. The transaction reflects an equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stewart Shelley JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,236 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,440.02 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Share grant: 2,236 shares
Holdings after transaction: 26,440.02 shares
Dividend equivalent shares: 81.951 shares
+1 more
4 metrics
Share grant
2,236 shares
Common Stock award on 2026-05-01
Holdings after transaction
26,440.02 shares
Total direct common stock holdings following award
Dividend equivalent shares
81.951 shares
Received as dividend equivalents on restricted stock units
Award price
$0.0000 per share
Indicates compensation grant, not market purchase
Key Terms
restricted stock units, dividend equivalents, Common Stock
3 terms
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.
dividend equivalents financial
"Includes 81.951 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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Kontoor Brands (KTB) director Stewart Shelley Jr report on this Form 4?
Stewart Shelley Jr reported receiving a grant of 2,236 shares of Kontoor Brands common stock. The award was made at no cost, classed as a grant or other acquisition, and increased his direct holdings to 26,440.02 shares including restricted stock units.
Was the Kontoor Brands (KTB) Form 4 transaction an open-market purchase or a grant?
The transaction was a grant or award of 2,236 common shares, not an open-market purchase. The shares were reported at a price of $0.0000 per share, indicating they were received as compensation rather than bought in the market by the director.
What does the dividend equivalents footnote mean in Kontoor Brands (KTB) director’s filing?
The footnote states 81.951 shares were received as dividend equivalents on restricted stock units. This means cash dividends credited on the units were converted into additional share-equivalents, which are now included in the reported common stock and restricted stock unit holdings.
How is ownership type reported for the Kontoor Brands (KTB) director in this Form 4?
The Form 4 shows the 2,236-share award as directly owned by the director, marked with ownership code "D". There is no indication of indirect ownership through entities or trusts, and no footnote disclaimers of voting or investment authority over the reported shares.