Kontoor Brands (NYSE: KTB) EVP uses shares to cover tax on awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kontoor Brands, Inc. executive Peter A. Kidd, EVP and CHRO, reported a tax-related share disposition. On the transaction date, 6,373.583 shares of common stock were withheld at $78.62 per share to cover tax obligations on settled performance share units. After this withholding, he directly held 23,469.381 shares, which include restricted stock units. This was a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kidd Peter A.
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,373.583 | $78.62 | $501K |
Holdings After Transaction:
Common Stock — 23,469.381 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 Peter A. Kidd report?
Peter A. Kidd reported a tax-withholding share disposition. The filing shows shares of Kontoor Brands, Inc. common stock were withheld to satisfy tax obligations tied to settled performance share units, rather than being sold in an open-market transaction.
What is Peter A. Kidd’s role at Kontoor Brands (KTB) mentioned in the Form 4?
Peter A. Kidd serves as EVP and CHRO at Kontoor Brands. The filing identifies him as an executive officer, specifically Executive Vice President and Chief Human Resources Officer, providing context for his equity-based compensation and related tax-withholding share disposition.