Kontoor Brands, Inc.·4

Apr 3, 5:34 PM ET

ALKIRE JOSEPH A 4

Research Summary

AI-generated summary

Updated

Kontoor (KTB) CFO Joseph Alkire Receives RSUs; Shares Withheld for Taxes

What Happened

  • Joseph A. Alkire — EVP, Chief Financial Officer & Head of Operations — received an award of 9,821 restricted stock units (RSUs) that settled on 2026-04-01 (transaction code A; acquisition reported at $0.00).
  • To satisfy tax withholding obligations related to the RSU settlement, 1,298 shares were withheld at $69.18 each ($89,796) and 1,193 shares were withheld at $69.18 each ($82,532). Total shares withheld: 2,491; total value of withheld shares: about $172,328.
  • These withholding actions are reported as disposals (transaction code F) but reflect tax withholding, not an open-market sale.

Key Details

  • Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed within the typical two-business-day window).
  • Prices reported for withheld shares: $69.18 per share.
  • Shares acquired via award: 9,821 RSUs (reported at $0.00 acquisition value).
  • Shares owned after transaction: not specified in the filing.
  • Notable footnotes:
    • F1: Withheld shares satisfy applicable tax withholding on settled RSUs.
    • F2: The common stock total includes 124.477 shares received as dividend equivalents on RSUs since the last statement.
    • F3: Common stock figures include restricted stock units.
  • Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context

  • This filing documents an RSU settlement and routine share withholding to cover taxes (a cashless withholding), not an open-market sale — common and typically neutral for signaling management sentiment.
  • Dividend equivalents were credited and included in the reported RSU/common stock totals.
  • For retail investors, outright purchases by insiders tend to be more informative; tax-withholdings on awards are standard compensation mechanics.