Form 4: V.F. Corp Director Hoplamazian Reports Phantom Stock Unit Acquisition

Director Mark Samuel Hoplamazian reports acquisition of phantom stock units in V.F. Corp through directors' fee deferral.

Summary

• On June 28, 2024, Mark Samuel Hoplamazian, a director of V.F. Corp, reported the acquisition of 1,851.166 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
• These PSUs were acquired through the deferral of directors' fees, with each PSU valued at $13.505.
• The PSUs will be settled in cash upon Hoplamazian's retirement.
• Following the reported transaction, Hoplamazian beneficially owns 15,794.4771 PSUs.
• The phantom stock units are convertible to common stock on a 1-for-1 basis.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction indicating continued director investment, which is generally viewed neutrally to positively.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• The deferral of fees into phantom stock units aligns the director's interests with those of the shareholders.

Future Outlook

The phantom stock units will be settled 100% in cash upon the reporting person's retirement; the number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Industry Context

Directors often use deferred compensation plans to align their interests with shareholders, and this filing reflects that practice.

Stakeholder Impact

• The transaction signals continued alignment of director interests with shareholders.

Key Dates