Form 4: V F CORP Director Richard Carucci Reports Acquisition of Phantom Stock Units

Director Richard Carucci reports acquiring phantom stock units in V F CORP through the Directors Deferred Savings Plan.

Summary

• Richard Carucci, a director of V F CORP, filed a Form 4 disclosing changes in beneficial ownership.
• On March 28, 2025, Carucci acquired 4,780.115 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
• These PSUs were acquired at a price of $15.69 per unit, reflecting deferred director's fees.
• Following the transaction, Carucci beneficially owns 73,446.0109 PSUs.
• The PSUs will be settled in cash upon Carucci's retirement.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral but positive indicator of alignment.

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.

Industry Context

Directors often receive stock options or restricted stock as part of their compensation packages to align their interests with shareholders. Phantom stock units are a cash-settled alternative that provides similar incentives.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and companies.
• Some companies use stock options, while others use restricted stock or phantom stock units.
• The specific terms of the VF Corporation Directors Deferred Savings Plan would need to be compared to similar plans at peer companies to assess its competitiveness.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Form 4, phantom stock units, V F CORP, director, Richard Carucci, beneficial ownership, Directors Deferred Savings Plan