Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Kontoor Brands Inc (KTB) just unveiled an announcement.
Christopher M. Waldeck has transitioned from his executive role at Kontoor Brands to a non-executive capacity until July 12, 2024, to facilitate a smooth handover of duties. He has negotiated a separation agreement that grants him $1.125 million, equivalent to 18 months of his salary, alongside eligibility for a prorated annual incentive and vested stock units. Additionally, Waldeck will receive continued health benefits at a reduced cost, financial counseling, executive health exams, and outplacement assistance for 18 months post-separation. The agreement also includes non-disclosure and non-compete clauses.
For an in-depth examination of KTB stock, go to TipRanks’ Stock Analysis page.
