Kontoor Brands director granted phantom stock units
Kontoor Brands, Inc. director Robert K. Shearer reported receiving a grant of phantom stock units as part of his deferred director compensation.
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Rhea-AI Filing Summary
Kontoor Brands, Inc. director Robert K. Shearer reported receiving a grant of phantom stock units as part of his deferred director compensation. He acquired 722.8045 phantom stock units on April 2, 2026, based on deferring fees at a rate of $69.175 per unit. These phantom stock units are credited under the company’s Deferred Savings Plan for non-employee directors and are designed to be settled 100% in cash upon his retirement, rather than in actual shares. Following this grant and the addition of dividend equivalents, his total phantom stock units beneficially owned increased to 40,580.897, reflecting ongoing deferral of fees and reinvested dividends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 722.8045 | $69.175 | $50K |
Footnotes (5)
- F1. 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.
- F2. 1 for 1.
- F3. There is no date that should appear in these columns. These columns are not applicable to this particular filing.
- F4. Each PSU was acquired at the election of the Director by deferring $69.175 of fees per PSU.
- F5. Includes 319.328 shares received as dividend equivalents on PSUs since the last statement.
Key Figures
Key Terms
Phantom Stock financial
Deferred Savings Plan For Non-Employee Directors financial
dividend equivalents financial
phantom stock units ("PSUs") financial
to be settled 100% in cash financial
FAQ
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What did Kontoor Brands (KTB) director Robert K. Shearer report on this Form 4?
Is the Kontoor Brands (KTB) Form 4 a stock purchase or sale by the director?
How are the phantom stock units for Kontoor Brands (KTB) director valued and credited?
How many phantom stock units does the Kontoor Brands (KTB) director hold after this transaction?
What is the role of dividend equivalents in the Kontoor Brands (KTB) phantom stock plan?
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