Form 4: V.F. Corp Director Matthew Shattock Reports Acquisition of Phantom Stock Units

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

Summary

• On September 27, 2024, Matthew J. Shattock, a director of V.F. Corp, reported the acquisition of 1,593.981 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
• These PSUs were accrued as a result of deferred director's fees.
• Each PSU was acquired by deferring $19.605 of fees per PSU.
• The PSUs will be settled 100% in cash upon Shattock's retirement.
• Following the reported transaction, Shattock beneficially owns 28,546.536 PSUs.
• The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

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 Directors Deferred Savings Plan allows directors to align their interests with those of the shareholders.

Future Outlook

The phantom stock units will be settled 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 receive stock-based compensation to align their interests with shareholders; deferred savings plans are a common method for directors to manage their compensation and tax liabilities.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves deferred compensation for a director.
• It signals alignment between the director's interests and the company's long-term performance.

Key Dates