Kontoor Brands (NYSE: KTB) VP uses 337 shares to cover RSU tax withholding
Rhea-AI Filing Summary
Kontoor Brands VP and Chief Accounting Officer Susan Denise Sumner reported routine tax-related share dispositions tied to restricted stock units. On April 1, 2026, a total of 337 shares of common stock were withheld at $69.18 per share to satisfy tax withholding obligations on settled restricted stock units. Following these non-market tax-withholding transactions, she directly holds 12,080.047 shares of Kontoor Brands common stock, which include restricted stock units and 17.956 shares received as dividend equivalents.
Positive
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Insights
Routine RSU tax withholding, not an open-market sale.
Kontoor Brands VP & Chief Accounting Officer Susan Denise Sumner reported three code F transactions, where 337 common shares were withheld at $69.18 per share to cover tax obligations on vested restricted stock units.
Code F events are compensation mechanics rather than discretionary selling. The filing notes the shares were withheld to satisfy applicable tax withholding obligations, and that common stock holdings include restricted stock units and 17.956 dividend-equivalent shares.
After these dispositions, Sumner directly holds 12,080.047 common shares. With no derivative positions listed and no open-market buys or sells, this Form 4 reflects routine equity-compensation processing rather than a change in investment stance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 124 | $69.18 | $9K |
| Tax Withholding | Common Stock | 96 | $69.18 | $7K |
| Tax Withholding | Common Stock | 117 | $69.18 | $8K |
Footnotes (1)
- Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled restricted stock units. Includes 17.956 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units. Common stock includes restricted stock units.