Kontoor Brands (NYSE: KTB) CFO granted shares while 2,491 are withheld for taxes
Rhea-AI Filing Summary
Kontoor Brands, Inc. EVP, CFO & Head of Operations Joseph A. Alkire received a grant of 9,821 shares of common stock on 2026-04-01 as a stock award with no cash price per share. These shares increased his direct holdings before tax effects.
To cover applicable tax withholding obligations on settled restricted stock units, 2,491 shares of common stock were withheld at $69.18 per share through two dispositions of 1,298 and 1,193 shares. After these transactions, Alkire directly owns 54,843.843 shares of common stock.
Footnotes state that common stock totals include restricted stock units and 124.477 shares received as dividend equivalents since the last statement. The withholding dispositions are not open-market sales but share reductions to satisfy tax liabilities on equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,330 shares
Net Buy
3 txns
Insider
ALKIRE JOSEPH A
Role
EVP, CFO & Head of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,821 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,298 | $69.18 | $90K |
| Exercise Price or Tax Liability | Common Stock | 1,193 | $69.18 | $83K |
Holdings After Transaction:
Common Stock — 54,843.843 shares (Direct)
Footnotes (3)
- F1. Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled restricted stock units.
- F2. Includes 124.477 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units.
- F3. Common stock includes restricted stock units.
Key Figures
Stock award received: 9,821 shares
Tax withholding shares: 2,491 shares
Withholding price: $69.18 per share
+4 more
7 metrics
Stock award received
9,821 shares
Common stock grant on April 1, 2026
Tax withholding shares
2,491 shares
Shares withheld to satisfy tax obligations on RSUs
Withholding price
$69.18 per share
Tax withholding transactions on April 1, 2026
Shares withheld (first entry)
1,298 shares
First tax-withholding disposition at $69.18
Shares withheld (second entry)
1,193 shares
Second tax-withholding disposition at $69.18
Post-transaction holdings
54,843.843 shares
Common stock directly held after transactions
Dividend equivalent shares
124.477 shares
Dividend equivalents on restricted stock units since last statement
Key Terms
restricted stock units, dividend equivalents, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Represents the number of shares withheld to satisfy applicable 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 124.477 shares received as dividend equivalents on restricted stock units since the last statement."
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.
tax withholding obligations financial
"Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled restricted stock units."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did KTB executive Joseph Alkire report on April 1, 2026?
Joseph Alkire reported receiving 9,821 shares of Kontoor Brands common stock as a stock award, then having 2,491 shares withheld to satisfy tax obligations on restricted stock units. These were compensation-related and tax-withholding entries rather than open-market purchases or sales.
Were Joseph Alkire’s KTB transactions open-market sales or tax withholding events?
The dispositions reported for Joseph Alkire were tax withholding events, not open-market sales. A total of 2,491 shares of common stock were withheld at $69.18 per share to satisfy applicable tax obligations on settled restricted stock units, according to the filing’s footnotes.
What type of equity award did Joseph Alkire receive from Kontoor Brands?
Joseph Alkire received a grant classified as a “grant, award, or other acquisition” of 9,821 shares of Kontoor Brands common stock at no cash cost per share. Footnotes clarify that his common stock holdings include restricted stock units, indicating the award relates to equity compensation.
Do Joseph Alkire’s reported KTB holdings include dividend equivalents on restricted stock units?
Yes. The filing states that his common stock total includes 124.477 shares received as dividend equivalents on restricted stock units since the last statement. It also notes that common stock totals include restricted stock units, reflecting how equity awards and related accruals are reported together.
AI-generated analysis. How Rhea-AI works. Not financial advice.
