Mark L. Schiller - Jul 1, 2022 Form 4 Insider Report for Kontoor Brands, Inc. (KTB)

Role: Director
Signature: /s/ Thomas L. Doerr, Jr. for Mark L. Schiller (Pursuant to Signing Authority on File)
Stock symbol: KTB
Transactions as of: Jul 1, 2022
Transactions value $: $21,250
Form type: 4
Date filed: 7/5/2022, 07:20 PM
Previous filing: Apr 4, 2022
Next filing: Sep 12, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KTB	Phantom Stock-d	Award	$21.2K	+644	+37.25%	$32.99	2.37K	Jul 1, 2022	Common Stock	644		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement. The number of PSUs acquired equals the amount of Directors' fees deferred by the reporting person divided by the fair market value (average of the high and low selling prices) per share on the date of deferral. The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.
F2	1 for 1
F3	There is no date that should appear in these columns. These columns are not applicable to this particular filing.
F4	Each PSU was acquired at the election of the Director by deferring $32.985 of fees per PSU.