<SEC-DOCUMENT>0000950103-19-007193.txt : 20190530
<SEC-HEADER>0000950103-19-007193.hdr.sgml : 20190530
<ACCEPTANCE-DATETIME>20190530211425
ACCESSION NUMBER:		0000950103-19-007193
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190528
FILED AS OF DATE:		20190530
DATE AS OF CHANGE:		20190530

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Waldron Thomas E.
		CENTRAL INDEX KEY:			0001759648

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38854
		FILM NUMBER:		19868341

	MAIL ADDRESS:	
		STREET 1:		400 NORTH ELM STREET
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27401

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kontoor Brands, Inc.
		CENTRAL INDEX KEY:			0001760965
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				832680248
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		400 N. ELM STREET
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27401
		BUSINESS PHONE:		(336) 332-3400

	MAIL ADDRESS:	
		STREET 1:		400 N. ELM STREET
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27401
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>dp107665_4-waldron.xml
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            <rptOwnerState>NC</rptOwnerState>
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            <officerTitle>VP &amp; Global Brnd Pres-Wrangler</officerTitle>
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    <footnotes>
        <footnote id="F1">Numbers measured based on the equity awards held by the Reporting Person as of May 22, 2019. All equity awards held by the Reporting Person were subject to adjustment and conversion following the Distribution (as defined below) subject to the terms of the the Employee Matters Agreement, dated as of March 22, 2019, by and between Kontoor Brands, Inc. and VF Corporation (&quot;EMA&quot;), with such measurement period beginning on May 20, 2019 and ending on the close of trading on May 28, 2019.</footnote>
        <footnote id="F2">Represents the grant of restricted stock units (&quot;Kontoor Brands RSUs&quot;) with respect to shares of common stock of Kontoor Brands, Inc. (&quot;Kontoor Brands&quot;), without par value (&quot;Kontoor Brands Common Stock&quot;), upon the conversion of restricted stock units with respect to shares of common stock of VF Corporation (&quot;VF&quot;), without par value and stated capital of $0.25 per share (&quot;VF Common Stock&quot;), held by the Reporting Person as of May 22, 2019, in accordance with the terms of EMA and the anti-dilution adjustment provisions under the VF 1996 Stock Compensation Plan (&quot;VF Stock Plan&quot;), in connection with the prorata spinoff distribution (&quot;Distribution&quot;) by VF of all of its shares of Kontoor Brands Common Stock to the holders of record of VF Common Stock on May 10, 2019 (&quot;Record Date&quot;).</footnote>
        <footnote id="F3">The Kontoor Brands RSUs were granted pursuant to the Kontoor Brands 2019 Stock Compensation Plan (&quot;Kontoor Brands Stock Plan&quot;) in a manner intended to preserve the aggregate intrinsic value of the awards, and are generally subject to the same terms and conditions (including vesting and payment schedules) as applicable to the corresponding VF restricted stock units.</footnote>
        <footnote id="F4">Represents the grant of Kontoor Brands RSUs with respect to shares of Kontoor Brands Common Stock upon the conversion of performance-based restricted stock units with respect to shares of VF Common Stock, held by the Reporting Person as of May 22, 2019, in accordance with the terms of the EMA and the anti-dilution adjustment provisions of the VF Stock Plan in connection with the Distribution. The Kontoor Brands RSUs were granted pursuant to the Kontoor Brands Stock Plan in a manner intended to preserve the aggregate intrinsic value of the awards, and are generally subject to the same terms and conditions as applicable to the corresponding VF restricted stock units; however, any performance-based restrictions have been waived, and such Kontoor Brands RSUs are only subject to time-based vesting restrictions.</footnote>
        <footnote id="F5">Represents the grant of Kontoor Brands restricted stock with respect to shares of Kontoor Brands Common Stock upon the conversion of restricted stock with respect to shares of VF Common Stock, held by the Reporting Person as of May 22, 2019, in accordance with the terms of the EMA and the anti-dilution adjustment provisions of the VF Stock Plan in connection with the Distribution. The shares of Kontoor Brands restricted stock were granted pursuant to the Kontoor Brands Stock Plan in a manner intended to preserve the aggregate intrinsic value of the awards, and are generally subject to the same terms and conditions (including vesting and payment schedules) as applicable to the corresponding VF restricted stock.</footnote>
        <footnote id="F6">Represents the grant of stock options to purchase Kontoor Brands Common Stock (&quot;Kontoor Brands Options&quot;) upon the conversion of stock options to purchase VF Common Stock (&quot;VF Options&quot;), in accordance with the terms of the EMA and the anti-dilution adjustment provisions under the VF Stock Plan, in connection with the Distribution. The Kontoor Brands Options were granted pursuant to the Kontoor Brands Stock Plan in a manner intended to preserve the aggregate intrinsic value of the awards, and are generally subject to the same terms and conditions (including vesting, exercise and expiration schedules) as applicable to the corresponding VF Options.</footnote>
        <footnote id="F7">This option vests as follows: 7,524 shares vest on 2/18/2016; 7,524 shares vest on 2/18/2017; and 7,521 shares vest on 2/18/2018.</footnote>
        <footnote id="F8">This option vests as follows: 8,860 shares vest on 2/23/2019.</footnote>
        <footnote id="F9">This option vests as follows: 14,342 shares vest on 2/22/2020.</footnote>
        <footnote id="F10">This option vests as follows: 9,268 shares vest on 2/21/2019; 9,268 shares vest on 2/21/2020; and 9,268 shares vest on 2/21/2021.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Laurel Krueger, Attorney-in-Fact</signatureName>
        <signatureDate>2019-05-30</signatureDate>
    </ownerSignature>
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</SEC-DOCUMENT>
