Schiller Mark L. 4

What Happened

• Mark L. Schiller, a director of Kontoor Brands, was granted/received 2,236 shares on 2026-05-01 at $0.00 per share (total cash paid: $0). This is reported as an award/acquisition (Form 4 code A) and appears to be part of director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-01; Form 4 filed 2026-05-05 (timely within required filing window).
• Shares acquired: 2,236 shares at $0.00 per share (award/grant).
• Shares owned after transaction: not specified in the filing summary (filing notes that common stock totals include restricted stock units and PSUs; see footnotes).
• Notable footnotes:
  • F1: 81.951 shares included from dividend equivalents on restricted stock units (RSUs) since last statement.
  • F2: Some holdings are phantom stock units (PSUs) under the directors’ deferred savings plan; PSUs are settled 100% in cash at retirement and may change due to reinvested dividends.
  • F5: 431.5351 shares included from dividend equivalents on PSUs since last statement.
• No sale or market purchase occurred; this is a compensation award, not an indication of a buy/sell decision.

Context

• Awards to outside directors are common as part of regular compensation and are generally routine. PSUs cited in the filing are cash-settled deferred units (not immediately tradable shares), while RSUs convert to common stock under their vesting terms. This filing does not indicate immediate sale or purchase activity beyond the award itself.