Broyles Jennifer H. 4
Research Summary
AI-generated summary
Kontoor (KTB) EVP Jennifer Broyles Receives RSU Award; Shares Withheld
What Happened
Jennifer H. Broyles, EVP & Global Brands President and a director of Kontoor Brands (KTB), had restricted stock units (RSUs) settle on April 1, 2026. She was credited with two awards totaling 9,677 shares (8,666 + 1,011 RSUs; grant price $0.00). To cover tax withholding on the settled RSUs, a total of 1,838 shares were withheld/disposed at $69.18 per share, with reported proceeds totaling about $127,153. These actions are award settlements and tax-withholding share surrenders (not open-market sales or purchases).
Key Details
- Transaction date: 2026-04-01 (Form 4 filed 2026-04-03). Filing appears timely.
- Awards received: 9,677 RSUs (8,666 and 1,011) at $0.00 (award/settlement).
- Shares withheld for taxes: 1,838 shares at $69.18 each; total value reported ≈ $127,153 (multiple withholding lines).
- Footnotes: F1 = shares withheld to satisfy tax obligations; F2 and F4 note dividend equivalents credited (73.732 and 14.677 shares, respectively) and that common stock totals include RSUs.
- Shares owned after transaction: Not specified in the provided filing.
Context
This is a routine RSU settlement with shares withheld to cover taxes (reported under code F). That withholding is treated as a disposition for reporting purposes but does not indicate an open-market sale or a new purchase decision. No 10b5-1 plan or late filing was indicated in the filing provided.