Form 4: V.F. Corp Director Richard Carucci Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard Carucci, a director at V.F. Corp, reports the acquisition of phantom stock units through the company's Directors Deferred Savings Plan.
Summary
- Richard Carucci, a director of V.F. Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 4,903.563 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan on March 29, 2024.
- These PSUs were acquired by deferring $15.295 of directors' fees per PSU.
- Following the transaction, Carucci directly owns 54,642.7619 PSUs.
- The 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: 5
Explanation: The document is a standard regulatory filing regarding director compensation, with neutral sentiment.
Future Outlook
The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends, indicating potential future accruals.
Industry Context
This filing is a routine disclosure related to director compensation and deferred savings plans, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Acquisition of phantom stock units |
| 04/01/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.