Scott H. Baxter is the President and CEO of Kontoor Brands, Inc., known for overseeing iconic brands like Wrangler and Lee. He has a strong educational background with a bachelor’s degree from the University of Toledo and an MBA from...

Scott H. Baxter is the President and CEO of Kontoor Brands, Inc., known for overseeing iconic brands like Wrangler and Lee. He has a strong educational background with a bachelor’s degree from the University of Toledo and an MBA from Northwestern University. Before becoming CEO in 2018, he held various executive roles at VF Corporation, giving him over 30 years of experience in retail, marketing, and manufacturing. Under his leadership at Kontoor, the company has focused on aligning executive compensation with performance goals and shareholder value, shedding light on the importance of responsibility and accountability in leadership. In recent years, Scott’s compensation has been closely tied to the company's performance metrics, highlighting the alignment of interests between management and shareholders. Moreover, he is actively engaged in industry discussions, serving on several boards, showcasing his commitment to growth and development in the market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Scott H. Baxter

CEO of Kontoor Brands, Inc.

Education

Bachelor’s degree from the University of Toledo and a Master of Business Administration degree from Northwestern University’s Kellogg Graduate School of Management.

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

March 1, 1964 - 61 years ago

CEO of Kontoor Brands, Inc. for

6 years 10 months (Aug 2018 - Present)

Previous Experience

Senior Vice President of The Home Depot, Inc.; Executive Vice President of Edward Don & Company; leadership roles with Nestle and PepsiCo.

Rivals

Competitors/colleagues of Scott H. Baxter

L

Chip Bergh

CEO of Levi Strauss & Co.

2023 Compensation

Stock

$2.69M

Salary

$1.55M

Bonus

$1.74M

Other

$388.54K

Total Holdings

$51.09M

Holdings

See how much did Scott H. Baxter make over time.

Scott H. Baxter’s holdings in Kontoor Brands have seen significant changes over the years. At the end of 2020, his wealth was heavily tied to Kontoor stocks, peaking around $26.62 million in December. In 2021, his holdings fluctuated, reaching a...

Scott H. Baxter’s holdings in Kontoor Brands have seen significant changes over the years. At the end of 2020, his wealth was heavily tied to Kontoor stocks, peaking around $26.62 million in December. In 2021, his holdings fluctuated, reaching a high of $32.16 million in April. As of 2022, his holdings adjusted to around $20 million, evidencing the market's ups and downs during that time. Recent data in 2024 shows a recovery, with his holdings valued at approximately $38.96 million, indicating a strong rebound and a solid foundation in the company's stock. Baxter's movement within these figures reflects not only personal stakes but also the broader trends in the market as Kontoor navigated through its business landscape post-spin-off.

Total Stock Sold

$44.91M

KTB

$16.49M

250,390 KTB shares

VFC

$28.42M

407,579 VFC shares

What if they kept their stock?

If Scott H. Baxter didn't sell their stock, today they would have:
Extra KTB250,390 shares worth $5.07M and VFC407,579 shares worth $26.12M.
This is -30.55% and $13.72M less than what they got when they sold the stock.

Charitable Transactions

VFC

3,162 shares

VFC

Recent Charitable Transactions

VFC

2,662 shares

VFC

Feb 14, 2019

Charity

VFC

500 shares

VFC

Jan 3, 2015

Charity

Insider Trading

See recent insider trades of Scott H. Baxter.

KTB

$1.83M

KTB at $72.05/share

May 30, 2024

Sale

KTB

$7.93M

KTB at $72.02/share

May 28, 2024

Sale

KTB

48,061 shares

KTB

Apr 1, 2024

Received

KTB

$6.79M

KTB at $59.09/share

Mar 1, 2024

Sale

KTB

68,406.698 shares

KTB

Feb 26, 2024

Received

KTB

52,297 shares

KTB

Mar 31, 2023

Received

KTB

74,121.832 shares

KTB

Feb 24, 2023

Received

KTB

53,680 shares

KTB

Apr 1, 2022

Received

KTB

67,027.86 shares

KTB

Mar 4, 2022

Received

KTB

$532.40K

KTB at $53.24/share

Aug 20, 2021

Purchase

Compensation History

See how much did Scott H. Baxter make over time.

In 2022, Scott H. Baxter's total compensation amounted to about $11.4 million. His base salary was $1,175,000, with additional compensation totaling $400,319, including benefits like financial planning and personal aircraft use. Notably, he received 53,680 RSUs (restricted stock units) that will vest over three years based on performance metrics. The absence of bonuses indicates a focus on long-term performance alignment rather than short-term payouts. In previous years, his compensation varied, peaking at nearly $10 million in 2021 and reflecting the company's strategic direction and performance. His pay structure illustrates a commitment to performance-based rewards, aligning executive success with shareholder interests, a philosophy emphasized throughout his leadership period at Kontoor.

Year

2022

Total Compensation

$1.58M

Salary

$1.18M

Board Justification

The compensation philosophy aims to align executive compensation with performance metrics and shareholder returns, targeting market median compensation levels.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2022.

Other

$400.32K

Board Justification

Other compensation includes benefits such as financial planning services and personal use of corporate aircraft.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as all stock awards are subject to performance metrics and vesting schedules.

Performance Metrics

Performance metrics include GAAP revenue, gross margin, and profit before taxes.