Chairman Scott Baxter Files to Sell $15.4M in Kontoor Brands Stock
KTB sits 50% above its 52-week low of $56.19.
Summary
Chairman Scott Baxter filed to sell $15.4 million in Kontoor Brands stock acquired through a same-day option exercise.
Key Events · Ownership and Investor Activity · KTB
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Chairman Files $15.4M Sale
Scott H. Baxter, Chairman and Director, filed Form 144 to sell 184,403 shares with an approximate market value of $15,378,342.05.
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Same-Day Option Exercise
The shares were acquired on 08/13/2026 via a stock option exercise from the issuer, indicating a cashless exercise-and-sell transaction.
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No Prior Sales in 90 Days
The filing reports no securities sold by Baxter in the past three months, making this the first insider sale in the recent period.
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Context: Strong Q2 Results
The sale follows Kontoor Brands' Q2 2026 earnings beat and raised full-year guidance announced on 08/12/2026, which may mitigate negative sentiment.
Analysis · KTB · Manufacturing
Scott H. Baxter, Chairman and former CEO, filed a Form 144 to sell 184,403 shares worth approximately $15.4 million. The shares were acquired the same day via a stock option exercise, indicating a cashless exercise-and-sell transaction. This is a significant insider sale by a top executive, though it follows a strong Q2 earnings report and raised guidance, which may temper negative interpretation.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KTB was trading at $84.04 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $56.19 to $88.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.