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

• Mark Samuel Hoplamazian, a director of V F Corp, reported the acquisition of phantom stock units.
• The transaction occurred on March 29, 2024.
• Hoplamazian acquired 1,634.521 phantom stock units through the VF Corporation Directors Deferred Savings Plan.
• These units were acquired by deferring director's fees, with each unit valued at $15.295.
• Following the transaction, Hoplamazian directly owns 13,853.0301 phantom stock units.
• The phantom stock units will be settled in cash upon the reporting person's retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• The director's participation in the deferred savings plan aligns their interests with the long-term performance of the company.

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

This filing is a routine disclosure related to director compensation and deferred savings plans, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation.

Key Dates