Christopher Waldeck - Mar 16, 2023 Form 4 Insider Report for Kontoor Brands, Inc. (KTB)

Role
EVP, Co-COO, GB President-Lee
Signature
/s/ Thomas L. Doerr, Jr. for Christopher Waldeck (Pursuant to Signing Authority on File)
Stock symbol
KTB
Transactions as of
Mar 16, 2023
Transactions value $
-$658,971
Form type
4
Date filed
3/17/2023, 04:15 PM
Previous filing
Feb 27, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTB Common Stock Options Exercise $511K +20.4K +23.65% $25.00 107K Mar 16, 2023 Direct F1
transaction KTB Common Stock Sale -$747K -14.6K -13.69% $51.03 92.3K Mar 16, 2023 Direct F1, F2
transaction KTB Common Stock Options Exercise $649K +21.1K +22.82% $30.84 113K Mar 16, 2023 Direct F1
transaction KTB Common Stock Sale -$1.07M -21.1K -18.58% $50.95 92.3K Mar 16, 2023 Direct F1, F3

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 -20.4K -100% $0.00* 0 Mar 16, 2023 Common Stock 20.4K $25.00 Direct F4
transaction KTB Stock Option (Right to Buy) Options Exercise $0 -21.1K -100% $0.00* 0 Mar 16, 2023 Common Stock 21.1K $30.84 Direct F5
* 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 $51.00 to $51.18. 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.86 to $51.06. 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.
F4 This option vested as follows: 6,815 shares vested on 7/26/2018; 6,813 shares vested on 7/26/2019; and 6,814 shares vested on 7/26/2020.
F5 This option vested as follows: 7,019 shares vested on 2/21/2019; 7,017 shares vested on 2/21/2020; and 7,017 shares vested on 2/21/2021.