Form 4: V F Corp Director Defers Fees into Phantom Stock

V F Corp Director Matthew J. Shattock acquired 2,121.521 phantom stock units by deferring directors' fees, increasing his total beneficial ownership to 37,427.313 units.

Summary

• Matthew J. Shattock, a Director of V F Corp, acquired 2,121.521 phantom stock units (PSUs).
• The acquisition occurred on September 26, 2025.
• These PSUs were acquired by deferring directors' fees, with each PSU valued at $14.73.
• The PSUs are accrued under the VF Corporation Directors Deferred Savings Plan and will be settled 100% in cash upon the reporting person's retirement.
• Following this transaction, Matthew J. Shattock beneficially owns a total of 37,427.313 phantom stock units.
• The PSUs convert on a 1-for-1 basis to Common Stock for valuation purposes, though they are cash-settled.

Sentiment

Score: 6

Explanation: The transaction is a routine compensation deferral, indicating director alignment with the company's performance, which is a slightly positive signal. However, it does not represent a direct equity investment.

Positives

• Director Matthew J. Shattock's decision to defer fees into phantom stock units demonstrates alignment of his interests with those of shareholders.
• The increase in his beneficial ownership of phantom stock units to 37,427.313 units indicates continued commitment to the company.

Negatives

• The phantom stock units are cash-settled upon retirement, meaning the director does not directly hold equity shares and will not participate in potential stock price appreciation in the same way as direct shareholders.

Future Outlook

The filing does not provide any forward-looking statements or guidance beyond the nature of the phantom stock units being settled upon retirement.

Industry Context

This is a routine insider transaction related to director compensation, which is common across publicly traded companies. It reflects standard practices for aligning director incentives with company performance through deferred compensation plans.

Comparison to Industry Standards

• The use of phantom stock units as a component of director compensation, settled in cash upon retirement, is a common practice in corporate governance.
• This structure is often employed to provide directors with equity-linked incentives without requiring direct share ownership, which can be beneficial for tax or administrative reasons.
• Many companies utilize similar deferred compensation plans to encourage long-term commitment and align director interests with shareholder value creation, though the specific terms (e.g., cash vs. stock settlement) can vary.

Stakeholder Impact

• Shareholders: The deferral of directors' fees into phantom stock units aligns the director's financial interests with the long-term performance of the company, which is generally viewed positively by shareholders.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

VFC, VF Corp, Matthew J. Shattock, Director, Phantom Stock Units, Insider Transaction, Deferred Compensation, SEC Form 4, Executive Compensation