Form 4: V F Corp Director Acquires Phantom Stock Units

V F Corp Director Richard Carucci acquired 5,091.65 phantom stock units as part of a deferred compensation plan.

Summary

• Richard Carucci, a Director of V F Corp, acquired 5,091.65 phantom stock units (PSUs) on September 26, 2025.
• Each PSU was acquired at a price of $14.73, representing deferred Directors' fees under the VF Corporation Directors Deferred Savings Plan.
• Following this transaction, Carucci beneficially owns a total of 85,837.1079 PSUs.
• These PSUs are to be settled 100% in cash upon the reporting person's retirement, with the number of PSUs potentially varying due to deemed reinvestment of dividends.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving deferred compensation, which is neutral in terms of immediate company performance or outlook.

Positives

• Director Richard Carucci continues to defer compensation into company-linked phantom stock units, indicating ongoing alignment with shareholder interests and long-term company performance.

Risks

• The value of the phantom stock units, which are cash-settled upon retirement, is directly tied to the fair market value of V F Corp common stock, exposing the deferred compensation to market fluctuations.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Director Richard Carucci acquired 5,091.65 phantom stock units from V F Corp as part of the company's Directors Deferred Savings Plan, representing deferred directors' fees.

Stakeholder Impact

• Shareholders: The transaction aligns Director Carucci's financial interests with the long-term performance of V F Corp's common stock, as the phantom stock units are cash-settled based on the stock's fair market value.
• Management: The deferred compensation plan provides a structured benefit for directors, linking their remuneration to company performance.
• Employees, Customers, Suppliers, Creditors: No direct material impact from this specific transaction.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a director as part of a deferred compensation plan. It does not indicate any material change in the company's operational performance, financial health, or strategic direction that would warrant a change from a 'hold' recommendation. The transaction primarily serves to align director interests with long-term shareholder value.

Keywords

VFC, VF Corp, Richard Carucci, Director, Phantom Stock, Deferred Compensation, Insider Transaction, Form 4