Kontoor Brands (NYSE: KTB) exec uses shares to cover RSU taxes
Rhea-AI Filing Summary
Kontoor Brands, Inc. (KTB) reported that EVP and CHRO Peter A. Kidd had 580 shares of common stock withheld on 2026-08-14 to satisfy applicable tax withholding obligations on settled restricted stock units. The per-share value for this withholding was $84.26. Following this tax-withholding disposition, Kidd directly holds 25,053.813 shares of common stock, which includes 53.736 shares received as dividend equivalents on restricted stock units; common stock totals include the related restricted stock units.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 580 shares
Net Sell
1 txn
Insider
Kidd Peter A.
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 580 | $84.26 | $49K |
Holdings After Transaction:
Common Stock — 25,053.813 shares (Direct)
Footnotes (2)
- F1. Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled restricted stock units.
- F2. Includes 53.736 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units.
Key Figures
Shares withheld for tax: 580 shares
Per-share value for tax withholding: $84.26 per share
Post-transaction holdings: 25,053.813 shares
+1 more
4 metrics
Shares withheld for tax
580 shares
Shares delivered or withheld to satisfy tax withholding on RSU settlement on 2026-08-14
Per-share value for tax withholding
$84.26 per share
Value applied to the 580 shares withheld for tax obligations
Post-transaction holdings
25,053.813 shares
Total common stock (including RSUs) held directly after the transaction
Dividend equivalent shares
53.736 shares
Shares received as dividend equivalents on restricted stock units since the last statement
Key Terms
restricted stock units, dividend equivalents, withheld to satisfy applicable tax withholding obligations
3 terms
restricted stock units financial
"tax withholding obligations on settled 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 53.736 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.
withheld to satisfy applicable tax withholding obligations financial
"Represents the number of shares withheld to satisfy applicable tax withholding obligations"
FAQ
What insider transaction did KTB executive Peter A. Kidd report?
Peter A. Kidd reported 580 KTB shares being delivered or withheld to satisfy tax withholding obligations on settled restricted stock units at a per-share value of $84.26, a non-open-market tax-related transaction.
Was the KTB Form 4 transaction by Peter A. Kidd an open-market sale?
No, the reported transaction was not an open-market sale. The 580 shares were withheld or delivered solely to cover tax withholding obligations arising from the settlement of restricted stock units.
What are the dividend equivalents mentioned in the KTB Form 4 for Peter A. Kidd?
The filing states that Kidd’s holdings include 53.736 shares received as dividend equivalents on restricted stock units. These dividend equivalents are credited in share form and are included in the reported common stock and RSU total.
Does the KTB Form 4 indicate changes in Peter A. Kidd’s restricted stock units?
Yes. The Form 4 notes that common stock includes restricted stock units and that 53.736 shares were added as dividend equivalents on those units since the prior statement, affecting his reported total holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.