ALKIRE JOSEPH A 4
Research Summary
AI-generated summary
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.