Kontoor Brands (NYSE: KTB) director awarded 2,236 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schiller Mark L. reported acquisition or exercise transactions in this Form 4 filing.
Kontoor Brands director Mark L. Schiller reported new equity compensation and updated holdings. He received a grant of 2,236 shares of Common Stock at no cost, bringing his directly held common shares to 17,720.282, including 81.951 shares credited as dividend equivalents on restricted stock units since the prior statement. He also holds 5,980.9731 phantom stock units under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors, which are designed to mirror Common Stock on a 1-for-1 basis but will be settled entirely in cash upon his retirement, with amounts adjusted over time for deemed dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schiller Mark L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,236 | $0.00 | -- |
| holding | Phantom Stock-d | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,720.282 shares (Direct, null);
Phantom Stock-d — 5,980.973 shares (Direct, null)
Footnotes (1)
- Includes 81.951 shares received as dividend equivalents on restricted stock units since the last statement. Common stock includes restricted stock units. 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. Includes 431.5351 shares received as dividend equivalents on PSUs since the last statement.
Key Figures
Common Stock grant: 2,236 shares
Common shares held after grant: 17,720.282 shares
Phantom stock units: 5,980.9731 units
+3 more
6 metrics
Common Stock grant
2,236 shares
Grant, award, or other acquisition on May 1, 2026
Common shares held after grant
17,720.282 shares
Direct Common Stock holdings following the transaction
Phantom stock units
5,980.9731 units
PSUs under deferred savings plan, 1-for-1 with Common Stock, cash-settled
Dividend equivalents on RSUs
81.951 shares
Dividend equivalents credited on restricted stock units since last statement
Dividend equivalents on PSUs
431.5351 shares
Dividend equivalents credited on phantom stock units since last statement
Exercise price for PSUs
$0.0000 per unit
Phantom stock units tied 1-for-1 to Common Stock value
Key Terms
Phantom Stock, Deferred Savings Plan For Non-Employee Directors, restricted stock units, dividend equivalents, +1 more
5 terms
Phantom Stock financial
"Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Savings Plan For Non-Employee Directors financial
"accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan"
restricted stock units financial
"Includes 81.951 shares received as dividend equivalents on restricted stock units since the last statement"
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 431.5351 shares received as dividend equivalents on PSUs 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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What insider transaction did Kontoor Brands (KTB) disclose for Mark L. Schiller?
Kontoor Brands disclosed that director Mark L. Schiller received a grant of 2,236 shares of Common Stock as compensation. This award increased his directly held common share position and reflects a non-cash equity-based grant rather than an open-market purchase or sale.
What are the phantom stock units reported for Kontoor Brands (KTB) director Mark L. Schiller?
The filing shows 5,980.9731 phantom stock units, or PSUs, tied to Kontoor Brands Common Stock on a 1-for-1 basis. These PSUs are accrued under a deferred savings plan for non-employee directors and will be settled entirely in cash upon Schiller’s retirement, with dividends deemed reinvested.
How are dividend equivalents reflected in Mark L. Schiller’s Kontoor Brands (KTB) holdings?
Dividend equivalents increased both his Common Stock and phantom stock balances. The filing notes 81.951 shares added as dividend equivalents on restricted stock units and 431.5351 shares’ worth added as dividend equivalents on phantom stock units, reflecting deemed reinvestment of dividends over time.