Goldsmith Ashley 4

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.