Form 4: V F Corp Director Mark Hoplamazian Reports Acquisition of Phantom Stock Units

Director Mark Hoplamazian reports acquiring phantom stock units in V F Corp through a directors' deferred savings plan.

Summary

• On March 28, 2025, Mark Samuel Hoplamazian, a director of V F Corp, reported acquiring 1,991.714 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
• These PSUs were acquired at a price of $15.69 each, reflecting deferred director's fees.
• Following the transaction, Hoplamazian beneficially owns 20,717.2111 PSUs.
• The PSUs will be settled in cash upon Hoplamazian's retirement.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of phantom stock units aligns the director's interests with the company's performance.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's retirement.

Industry Context

Directors often receive compensation in the form of stock or stock-based awards to align their interests with those of shareholders. Deferred savings plans are a common way for directors to manage their compensation and tax liabilities.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and companies.
• Stock-based compensation is a common component, but the specific mix of options, restricted stock, and phantom stock can differ significantly.
• Companies like Nike (NKE) and Adidas (ADS.DE) also utilize stock-based compensation for their directors, but the terms and amounts are specific to each company's compensation policies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects a component of director compensation, aligning director interests with shareholder value.

Key Dates

Keywords

Form 4, V F Corp, Director, Phantom Stock Units, Deferred Savings Plan, Hoplamazian, VFC