Susan Denise Sumner - 14 Mar 2023 Form 4 Insider Report for Kontoor Brands, Inc. (KTB)

Role
VP & Chief Accounting Officer
Signature
/s/ Thomas L. Doerr, Jr. for Susan Denise Sumner (Pursuant to Signing Authority on File)
Issuer symbol
KTB
Transactions as of
14 Mar 2023
Net transactions value
-$291,350
Form type
4
Filing time
16 Mar 2023, 16:25:08 UTC
Previous filing
27 Feb 2023
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTB Common Stock Options Exercise $291,471 +11,535 +71% $25.27 27,861 14 Mar 2023 Direct F1
transaction KTB Common Stock Sale $582,821 -11,535 -41% $50.53 16,326 14 Mar 2023 Direct F1, F2

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 Stock Option (Right to Buy) Options Exercise $0 -11,535 -100% $0.000000* 0 14 Mar 2023 Common Stock 11,535 $25.27 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock includes restricted stock units.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.50 to $50.61. The reporting person undertakes to provide to Kontoor Brands, Inc., any security holder of Kontoor Brands, Inc., or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 This option vested as follows: 3,846 shares vested on 2/23/2017; 3,844 shares vested on 2/23/2018; and 3,845 shares vested on 2/23/2019.