Goldsmith Ashley 4

What Happened

• Ashley Goldsmith, a member of the Kontoor Brands (KTB) board of directors, was awarded 379.033 derivative securities on 2026-07-02. The Form 4 reports the acquisition as an award/grant (code A) at an acquisition price of $0.00 (reported value $0).
• The award represents restricted/phantom stock units tied to director compensation rather than an open-market purchase — typically routine pay for board service.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-07-07 (filed 5 days after the transaction).
• Amount: 379.033 derivative shares; reported acquisition price: $0.00.
• Footnotes:
  • F1: The total includes 15.289 shares received as dividend equivalents on restricted stock units. Common stock totals include RSUs.
  • F2: Some units are phantom stock units (PSUs) under the director deferred savings plan and are to be settled 100% in cash upon the reporting person’s retirement; PSU counts can change due to dividend reinvestment.
  • F3: Units convert 1-for-1 to common stock equivalents. F4: Certain columns are not applicable for this filing.
• Post-transaction total beneficial ownership was not included in the provided excerpt.
• Timeliness: The filing was submitted five days after the transaction date, which appears later than the typical Form 4 two-business-day deadline for reporting insiders.

Context

• This was a compensation award (derivative securities), not a market purchase or sale — such grants are common for non-employee directors and are generally part of regular director pay.
• PSUs described here are cash-settled on retirement, so they do not necessarily result in newly issued company shares at settlement.