Kontoor Brands (KTB) director adds 386 phantom stock units via fee deferral
Rhea-AI Filing Summary
Kontoor Brands director reports deferred fee award in phantom stock units
A director of Kontoor Brands, Inc. (KTB) reported a Form 4 transaction dated 01/02/2026 involving phantom stock units rather than actual shares. The filing shows an acquisition of 386.0219 phantom stock units (PSUs) under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors. Each PSU is tied on a 1-for-1 basis to a share of common stock but will be settled 100% in cash upon the director’s retirement, not in stock.
The number of PSUs acquired is based on the director’s deferred fees divided by the fair market value of the stock on the deferral date, and the PSUs can change over time through deemed dividend reinvestment. After this transaction, the director beneficially holds a total of 8,480.274 derivative securities in the form of phantom stock units, reported as directly owned.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 386.022 | $61.525 | $24K |
Footnotes (1)
- 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. 1 for 1. There is no date that should appear in these columns. These columns are not applicable to this particular filing. Each PSU was acquired at the election of the Director by deferring $61.5250 of fees per PSU.