ALKIRE JOSEPH A 4

What Happened
Joseph A. Alkire, EVP, CFO & Head of Operations at Kontoor Brands (KTB), had 17,294.418 shares withheld to satisfy tax withholding obligations related to settled performance share units. The withholding was recorded at $78.62 per share, a notional value of $1,359,687. This was a tax-withholding/net-share settlement (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely filing).
• Withheld shares: 17,294.418 shares at $78.62 per share; total value ≈ $1,359,687.
• Transaction code: F — shares withheld to satisfy tax withholding on settled performance share units (footnote F1).
• Footnote F2: Common stock reported includes restricted stock units.
• Shares owned after transaction: Not specified in the provided filing.

Context
Net-share withholding to cover taxes on vested/settled awards is a routine administrative action and differs from an open-market sale; it reduces the insider’s reported shares but typically does not provide cash proceeds to the insider. Such transactions are common when performance share units or RSUs vest and do not, by themselves, imply a change in the insider’s market view.