Form 4: V F Corp Director Mark Hoplamazian Reports Changes in Beneficial Ownership

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

Summary

• On September 27, 2024, Mark Hoplamazian, a director of V F Corp, reported the acquisition of 1,275.185 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
• These PSUs were acquired at a price of $19.605 per unit, reflecting deferred director's fees.
• Hoplamazian's total holdings following the transaction amount to 17,135.2691 PSUs.
• The PSUs will be settled in cash upon the reporting person's retirement.
• The filing was signed on October 1, 2024, by Vivian Coates for Mark S. Hoplamazian.

Sentiment

Score: 7

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

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

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

Industry Context

Directors often receive stock options or restricted stock as part of their compensation packages, aligning their interests with those of shareholders. Phantom stock units are a cash-settled alternative.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves deferred compensation for a director.

Key Dates