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

Director Matthew Shattock reports acquisition of phantom stock units in V.F. Corp through directors' fee deferral.

Summary

• Matthew J. Shattock, a director of V.F. Corp, reported the acquisition of phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan on March 29, 2024.
• The PSUs were accrued as a result of deferring directors' fees.
• A total of 1,634.521 PSUs were acquired at a price of $15.295 per PSU.
• Following the transaction, Shattock beneficially owns 24,822.816 PSUs.
• These PSUs 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through participation in a deferred savings 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, and the number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Related Party Transactions

• The acquisition of phantom stock units through the VF Corporation Directors Deferred Savings Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates