Robert K. Shearer - Jun 28, 2024 Form 4 Insider Report for Kontoor Brands, Inc. (KTB)

Role
Director
Signature
/s/ Thomas L. Doerr, Jr. for Robert K. Shearer (Pursuant to Signing Authority on File)
Stock symbol
KTB
Transactions as of
Jun 28, 2024
Transactions value $
$47,500
Form type
4
Date filed
7/1/2024, 04:15 PM
Previous filing
May 9, 2024
Next filing
Jul 2, 2024

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 $47.5K +719 +2.16% $66.06 34K Jun 28, 2024 Common Stock 719 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 $66.06 of fees per PSU.