Doerr Thomas L Jr 4
Research Summary
AI-generated summary
Kontoor Brands (KTB) EVP Thomas Doerr Receives 4,333 RSUs
What Happened
- Thomas L. Doerr Jr., EVP, General Counsel & Secretary and a director of Kontoor Brands (KTB), was granted 4,333 restricted stock units (RSUs) on April 1, 2026. To satisfy tax withholding on the vested RSUs, 2,115 shares were withheld (disposed) at $69.18 per share, totaling $146,316. After withholding, Doerr netted 2,218 shares. The gross value of the 4,333 RSUs at $69.18 was about $299,757 and the net retained position from this vesting was roughly $153,441 (2,218 × $69.18).
Key Details
- Transaction date: April 1, 2026 (filed April 3, 2026 — filing appears timely).
- Grant: 4,333 RSUs awarded (report shows acquisition code A, $0.00 price because RSUs are grants).
- Withholding/disposals: three tax-withholding disposals of 811, 698 and 606 shares (codes F) at $69.18 per share, totaling $146,316.
- Net change: +2,218 shares retained after tax withholding.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 indicates shares withheld to satisfy tax obligations; F2 notes 64.404 dividend-equivalent shares were included since the last statement; F3 clarifies common stock totals include RSUs.
Context
- This was an equity award vesting with shares withheld to cover taxes — a routine, non-buying transaction (not a market purchase). Withholding to pay tax on RSU settlements is common and does not necessarily signal a change in insider sentiment.