Kontoor Brands finalizes separation with EVP/COO Thomas Waldron; $1.35M severance

Kontoor Brands, Inc.

Waldron to remain in non-executive role through Sep 30, 2025, then separate.
Severance of $1.35M (18 months base salary) paid biweekly over 18 months.
Eligible for prorated 2025 AIP award; 2025 PRSUs and RSUs continue vesting.
Non-compete and non-solicitation covenants apply for 18 months after separation.
Reaffirmation required after Sep 30 to receive 90% of severance and benefits.

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