Baxter Scott H 4
Research Summary
AI-generated summary
Kontoor CEO Scott Baxter Receives Award, Gifts 90,680 Shares
What Happened
- Scott H. Baxter, Chairman, President and CEO of Kontoor Brands (KTB), was the subject of two transactions reported for Feb 5, 2026: an award/grant (code A) of 90,680 shares and a gift/disposition (code G) of 90,680 shares. Both transactions are reported at $0.00 per share on the Form 4.
- The filing notes that common stock holdings include restricted stock units (RSUs) and that 1,466.845 of the reported shares were dividend equivalents on RSUs (see footnote F1). The award is an acquisition by grant (not a market purchase); the gift is a non-sale disposition and does not by itself signal insider sentiment.
Key Details
- Transaction date: 2026-02-05; filing date: 2026-02-06 (timely Form 4 reporting).
- Transaction codes: A = Award/Grant (90,680 shares acquired); G = Gift (90,680 shares disposed). Price reported: $0.00 for both.
- Footnote: F1 — includes 1,466.845 shares received as dividend equivalents on RSUs; common stock totals include RSUs.
- Shares owned after the transaction are not specified in the summary data provided.
Context
- Awards/grants (A) are compensation-related share issuances and are not the same as an open-market purchase; gifts (G) are transfers to others and are not market sales. Gifts may be for estate, family, or charitable reasons and do not necessarily reflect the insider’s view of the stock.
- No cash proceeds or market-sale proceeds were reported in these transactions.