Kidd Peter A. 4
Research Summary
AI-generated summary
Kontoor Brands (KTB) EVP Peter Kidd Receives RSU Award, Withholds Shares
What Happened
- Peter A. Kidd, EVP, Chief Human Resources Officer and a director of Kontoor Brands (KTB), was granted 3,756 restricted stock units (RSUs) on 2026-04-01 (transaction code A). The RSUs were reported with an acquisition price of $0.00 (typical for grants).
- To satisfy tax withholding obligations on the settled RSUs, 1,420 shares were withheld (transaction code F) at a reported value of $69.18 per share, resulting in aggregate withheld value of $98,235 (breakdown in filing: 290 shares = $20,062; 641 shares = $44,344; 489 shares = $33,829).
Key Details
- Transaction date(s): 2026-04-01; Form 4 filed 2026-04-03 (appears timely).
- Grant: 3,756 RSUs @ $0.00 acquisition price.
- Withholding (tax): 1,420 shares withheld @ $69.18 = $98,235 total (three withholding entries: 290, 641, 489 shares).
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: F1 = shares withheld to satisfy applicable tax withholding on settled RSUs. F2 = common stock includes restricted stock units.
- Transaction codes in this filing: A = Award/Grant; F = Tax withholding (not an open-market sale).
Context
- This was an RSU grant with net-share withholding for taxes (common practice). Withheld shares to cover taxes are routine and do not represent an open-market sale intended as a cash realization by the insider.
- Purchases typically carry more signal than grants or routine withholdings; this filing reflects compensation settlement and tax withholding rather than a discretionary buy or sell.