Kontoor (KTB) President/CFO Joseph Alkire Withholds 872 Shares for Taxes

What Happened
Joseph A. Alkire, President and Chief Financial Officer of Kontoor Brands (KTB), had 872 shares withheld to satisfy tax withholding on settled restricted stock units (RSUs). The withholding was reported as 872 shares at $66.70 per share, a total value of $58,162. This is a tax-withholding disposition (routine) rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-21; Filing date: 2026-09-23 (Form 4 accession 0000897069-26-001796).
• Price and amount withheld: 872 shares at $66.70 each; total value $58,162.
• Transaction code: F (shares withheld to satisfy tax withholding on settled RSUs).
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: Withheld shares represent the number withheld to satisfy applicable tax withholding obligations on settled RSUs.
  • F2: Includes 302.684 shares received as dividend equivalents on RSUs since the last statement; common stock totals include RSUs.
• No indication in the provided data that this was part of a 10b5-1 plan or a gift.

Context
Withholding shares to cover taxes on vested RSUs is a common, administrative action and is typically not interpreted as a directional market signal the way open-market purchases or sales might be. This filing documents the tax-related disposition of shares rather than a discretionary sale.