Kontoor Brands (KTB) EVP logs tax-withholding share disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kontoor Brands, Inc. executive reports tax-related share withholding. EVP, GC & Secretary Thomas L. Doerr Jr. had 4,646.964 shares of common stock withheld at $78.62 per share to cover tax obligations on settled performance share units. After this withholding disposition, he directly holds 30,384.165 shares, which include restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Doerr Thomas L Jr
Role
EVP, GC, & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,646.964 | $78.62 | $365K |
Holdings After Transaction:
Common Stock — 30,384.165 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 KTB executive Thomas L. Doerr Jr. report?
Thomas L. Doerr Jr. reported a tax-withholding disposition of 4,646.964 Kontoor Brands shares. The shares were withheld to satisfy tax obligations triggered when his performance share units settled into common stock.
What does transaction code "F" mean in the KTB Form 4 filing?
Transaction code “F” indicates shares were used to pay exercise price or tax liability. Here, 4,646.964 shares were withheld specifically to satisfy applicable tax withholding obligations on settled performance share units for the executive.
How is common stock defined in this Kontoor Brands (KTB) Form 4?
In this Form 4, common stock is defined to include restricted stock units. The footnote clarifies that the reported common stock balance for Thomas L. Doerr Jr. aggregates both regular shares and any associated restricted stock units.