Kidd Peter A. 4

What Happened

• Peter A. Kidd, EVP and Chief Human Resources Officer of Kontoor Brands (KTB), had 291 shares withheld to satisfy tax withholding obligations on settled restricted stock units (RSUs). The withholding was recorded at $69.03 per share, totaling approximately $20,088. This was a tax-withholding disposition of shares, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-23; Form 4 filed: 2026-03-24 (timely filing).
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
• Shares withheld: 291 at $69.03; total value ≈ $20,088.
• Shares owned after transaction: not specified in the provided filing data.
• Relevant footnotes:
  • F1: Shares were withheld to satisfy applicable tax withholding on settled RSUs.
  • F2: Common stock figures include restricted stock units.
  • F3: Includes 62.516 shares received as dividend equivalents on RSUs since the last statement.
• Filing timeliness: appears timely (filed one day after the reported transaction).

Context

• Withholding shares to cover taxes on RSU vesting is a routine administrative action (a “cashless” withholding) and typically reflects tax obligations rather than a market-based sell decision. These transactions are generally less informative about insider sentiment than outright open-market purchases or sales.