Kontoor Brands adopts executive severance plan, declares $0.53 quarterly dividend
On February 12, 2026, Kontoor Brands' Talent and Compensation Committee adopted an Executive Severance Plan covering eligible employees, including named executive officers, for terminations without Cause or for Good Reason outside a change in control. The plan provides base salary continuation, subsidized COBRA coverage and a pro rated annual bonus, with the length of benefits set by tier. Separately, the board declared a $0.53 per share quarterly dividend, which the filing does not describe as a change from prior payments.
Key points
- Severance Plan adopted February 12, 2026; full text filed as Exhibit 10.1.
- Tier 1 (CEO): 24 months base salary continuation and 18 months COBRA coverage; Tier 2 (EVPs): 18 and 12 months; Tier 3 (SVPs/other): 12 and 9 months.
- Quarterly dividend of $0.53 per share payable March 20, 2026, to shareholders of record on March 10, 2026.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.