On May 23, 2019, VF Corporation completed the separation of VF’s Jeanswear organization into an independent, publicly traded company. The new company, named Kontoor Brands, Inc., includes the Wrangler?, Lee? and Rock & Republic? brands, and the VF Outlet? business. The separation was achieved through the distribution to VF’s shareholders of one share of Kontoor Brands common stock for every seven shares of VF stock held at the close of business on the record date of May 10, 2019.
Kontoor Brands common stock trades on the New York Stock Exchange under the ticker symbol “KTB.”
Below, you will find relevant tax-related information regarding the separation.