Kontoor Brands Inc SEC Filings

Kontoor Brands, Inc. announced that S. Denise Sumner will retire as Vice President and Chief Accounting Officer effective August 28, 2026. She will remain full time with normal compensation until that date and then serve in an advisory role through January 1, 2027.

Andrew Taylor, age 49, currently Controller of Accounting and Reporting, will become Vice President and Chief Accounting Officer on August 28, 2026. The company states there are no special arrangements, family relationships, or related-party transactions connected to his appointment.

Filer submitted a Form 144 notice regarding proposed sale of common stock. The excerpt lists 4000 common shares associated with Fidelity Brokerage Services LLC and shows a filing/reference date of 06/12/2026. It also lists multiple restricted stock vesting events with dated share amounts.

Kontoor Brands, Inc. entered into a definitive Stock Purchase Agreement to sell all shares of its Lee business to an affiliate of Authentic Brands Group. The deal provides $750 million in cash at closing, plus up to $250 million in earnout over five years based on Lee’s performance, for a total potential value of up to $1 billion. Closing is targeted for the second half of 2026, subject to regulatory approvals, customary conditions and no material adverse effect, with an outside date of February 1, 2027. Kontoor plans to use proceeds to accelerate debt reduction and increase share repurchases, while refocusing its portfolio on the Wrangler and Helly Hansen brands.

Kontoor Brands, Inc. entered into a definitive Stock Purchase Agreement to sell all shares of its Lee business to an affiliate of Authentic Brands Group. The deal provides $750 million in cash at closing, plus up to $250 million in earnout over five years based on Lee’s performance, for a total potential value of up to $1 billion. Closing is targeted for the second half of 2026, subject to regulatory approvals, customary conditions and no material adverse effect, with an outside date of February 1, 2027. Kontoor plans to use proceeds to accelerate debt reduction and increase share repurchases, while refocusing its portfolio on the Wrangler and Helly Hansen brands.

Kontoor Brands delivered much stronger results in the first quarter of fiscal 2026, helped by the Helly Hansen acquisition, tariff refunds and solid Wrangler performance. Net revenues rose to $613.3 million, up 45% from a year ago, with Helly Hansen contributing $176.0 million. Gross margin expanded to 53.7%, an 810 basis point increase, driven by U.S. tariff refunds, Project Jeanius efficiencies and a richer mix from Helly Hansen.

Income from continuing operations increased to $61.0 million from $10.2 million, and diluted EPS from continuing operations rose to $1.09 from $0.18. The Lee business is now classified as discontinued operations and generated $31.4 million of net income. Kontoor also recognized a $53.7 million receivable for IEEPA tariff refunds and reduced cost of goods sold by about $49.0 million.

The company continued investing in transformation, recording $2.9 million of restructuring charges and $12.7 million of Helly Hansen integration costs. Operating cash flow from continuing operations was $16.2 million, below last year as working capital absorbed more cash, while debt remained around $1.14 billion. Management is pursuing the sale of the global Lee brand, integrating Helly Hansen and executing Project Jeanius amid a challenging macro environment and evolving U.S. tariff landscape.

JPMorgan Chase & Co. filed an amendment reporting beneficial ownership of 2,573,860 shares of Kontoor Brands common stock, representing 4.6% of the class. The filing lists 2,379,416 shares as sole voting power and 2,566,585 shares as sole dispositive power, with 7,275 shares held with shared dispositive power. The filing identifies multiple JPMorgan entities as the reporting subsidiaries. The submission is signed by a JPMorgan vice president on 05/13/2026.

Kontoor Brands reported a strong first quarter of 2026 and outlined major strategic moves. Revenue from continuing operations was $613 million, up 45 percent year over year, with Wrangler growing and Helly Hansen contributing $176 million. Adjusted EPS from continuing operations was $1.06, while total adjusted EPS including discontinued operations was $1.55.

The company initiated a process to divest its Lee business, now reported as discontinued operations with $195 million of first quarter revenue, and expects the divestiture to be immaterial to earnings per share over 12 to 18 months. Full-year 2026 adjusted EPS outlook was raised to a range of $6.60 to $6.70, and revenue is now expected between $3.41 and $3.46 billion including discontinued operations.

The Board authorized a new $750 million share repurchase program to replace the prior authorization, and the company returned $54 million to shareholders in the quarter through dividends and repurchases. Kontoor also recognized a $54 million net receivable related to IEEPA tariff refunds, reducing cost of goods sold by approximately $49 million on a reported basis in the quarter.

Stewart Shelley JR reported acquisition or exercise transactions in this Form 4 filing.

Kontoor Brands director Stewart Shelley Jr received a grant of 2,236 shares of Common Stock at no cost as compensation. This award increased his direct holdings to 26,440.02 shares of Kontoor Brands, Inc. common stock.

A footnote explains that the holding figure includes 81.951 shares received as dividend equivalents on restricted stock units since the prior statement, and that the reported common stock total includes these restricted stock units. The transaction reflects an equity award rather than an open-market purchase.

SHEARER ROBERT K reported acquisition or exercise transactions in this Form 4 filing.

Kontoor Brands, Inc. director Robert K. Shearer received 2,586 shares of Common Stock as a compensation award. The shares were granted at a stated price of $0.00 per share and increased his directly owned Common Stock position to 54,437.992 shares, which includes restricted stock units and 94.761 shares credited as dividend equivalents.

Shearer also holds 40,889.7619 phantom stock units under the company’s deferred savings plan for non-employee directors, tied 1-for-1 to the value of Common Stock but settled 100% in cash upon retirement. These phantom units include 308.8649 shares credited as dividend equivalents since the last statement.

Schiller Mark L. reported acquisition or exercise transactions in this Form 4 filing.

Kontoor Brands director Mark L. Schiller reported new equity compensation and updated holdings. He received a grant of 2,236 shares of Common Stock at no cost, bringing his directly held common shares to 17,720.282, including 81.951 shares credited as dividend equivalents on restricted stock units since the prior statement. He also holds 5,980.9731 phantom stock units under the Kontoor Brands Deferred Savings Plan for Non-Employee Directors, which are designed to mirror Common Stock on a 1-for-1 basis but will be settled entirely in cash upon his retirement, with amounts adjusted over time for deemed dividend reinvestment.