Kontoor Brands (KTB) CEO Scott H. Baxter Sells Shares & Exercises Options

What Happened

• Scott H. Baxter, Chairman and CEO of Kontoor Brands (KTB), exercised 184,403 option-derived shares (paid $22.04 each) on 2026-08-13 (cost ~$4.06M) and sold those shares in the open market the same day(s) for total proceeds of about $15.38M (two weighted-average sale prices reported). On 2026-08-14 he disposed of 56,160 shares as a gift and also had a 56,160-share award/grant reported the same day (no cash consideration reported).

Key Details

• Transaction dates/prices:
  • 2026-08-13: Exercise (M) — 184,403 shares acquired at $22.04 ($4,064,980).
  • 2026-08-13: Sales (S) — 116,872 shares at $82.99 (weighted avg; range $82.50–$83.49) = $9,699,499.
  • 2026-08-13: Sales (S) — 67,531 shares at $84.09 (weighted avg; range $83.57–$84.14) = $5,678,830.
  • 2026-08-14: Gift (G) — 56,160 shares (no cash received).
  • 2026-08-14: Grant/Award (A) — 56,160 shares awarded (no cash paid).
  • A derivative entry shows conversion/exercise-related shares consistent with the above exercise.
• Total sale proceeds from the August sales: about $15.38 million.
• Footnotes of interest:
  • F1: Common stock totals include 694.173 shares received as dividend equivalents on RSUs since last filing.
  • F2/F3: Sale prices are reported as weighted averages; exact per-trade prices are available upon request as noted.
  • F4: The exercised option tranche vested in three parts in 2018–2020 (details provided).
• Filing timeliness: Report filed 2026-08-17 for transactions on 8/13–8/14. This appears to be within the standard two business‑day Form 4 reporting window.

Context

• This was an exercise of options followed by prompt open-market sales (effectively a cashless exercise/sell). Such transactions are common when executives exercise vested option awards and convert value to cash; the gift and the grant/award are separate non‑market actions and do not by themselves indicate a change in company outlook. The filing notes weighted‑average sale prices and provides that detailed per-trade breakdowns are available on request. Shares owned after these transactions were not specified in the excerpt provided.