Kontoor Brands, Inc. — Director's Dealing 2021

Jan 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Kontoor Brands, Inc. (KTB)
CIK: 0001760965
Period of Report: 2020-12-31

Reporting Person: Carucci Richard (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Phantom Stock-d	$	A	519.687	Acquired		Common Stock (519.687)	Direct

Footnotes

F1: Represents phantom stock units ("PSUs") accrued under the Kontoor Brands Deferred Savings Plan For Non-Employee Directors ("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 $40.8900 of fees per PSU.