Goldsmith Ashley 4
4 · Kontoor Brands, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Kontoor Brands Director Ashley Goldsmith Receives PSU Award
What Happened
Ashley Goldsmith, a director of Kontoor Brands, received 433.683 phantom stock units (PSUs) on 2026-04-02 as an award/acquisition under the firm's Deferred Savings Plan for Non‑Employee Directors. The filing reports a per‑unit value of $69.17, for a total reported value of $30,000. The PSUs were acquired by deferring director fees (the director elected to convert fees into PSUs).
Key Details
- Transaction date: 2026-04-02 (reported on Form 4 filed 2026-04-03).
- Instrument/type: Phantom stock units (PSUs) — reported as a derivative award (code A).
- Amount: 433.683 PSUs at $69.17 per unit; total reported value $30,000.
- Settlement: PSUs are to be settled 100% in cash upon the reporting person's retirement (per footnote F1).
- How acquired: PSUs were acquired by deferral of director fees (each PSU elected by deferring ≈ $69.175 of fees; F4).
- Footnotes: F1 explains cash settlement and valuation method; F2 indicates a 1-for-1 relationship to shares for accounting; F5 notes 271.3266 PSUs were received as dividend equivalents since the last statement. F3 not applicable.
- Shares owned after transaction: Not disclosed in this filing.
- Timeliness: Filed the next day (appears timely).
Context
PSUs are a form of deferred, cash‑settled compensation that track the value of the company’s stock but do not represent immediate share ownership. Such awards are routine for non‑employee directors and reflect compensation elections rather than an open‑market purchase or sale of stock. They should be interpreted as compensation/deferral activity, not a direct buy or sell signal.
Insider Transaction Report
- Award
Phantom Stock-d
[F1][F2][F4][F3][F5]2026-04-02$69.17/sh+433.683$30,000→ 3,062.946 total→ Common Stock (433.683 underlying)
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 271.3266 shares received as dividend equivalents on PSUs since the last statement.