Form 4: V F Corp Director W Rodney McMullen Reports Acquisition of Phantom Stock Units

Director W Rodney McMullen reports acquiring phantom stock units in V F Corp through a directors' deferred savings plan.

Summary

• W Rodney McMullen, a director of V F Corp, reported acquiring 1,721.5 phantom stock units (PSUs) on September 27, 2024.
• The PSUs were accrued under the VF Corporation Directors Deferred Savings Plan.
• These units are to be settled 100% in cash upon McMullen's retirement.
• The acquisition price was $19.605 per PSU, reflecting deferred director's fees.
• Following the transaction, McMullen beneficially owns 26,571.0685 PSUs.
• The PSUs are based on common stock and convert 1 for 1.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard director compensation practices and aligns director interests with shareholders.

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 document does not contain specific forward-looking statements regarding the company's future performance, but it does indicate ongoing participation in the Directors Deferred Savings Plan.

Industry Context

This filing is a routine disclosure related to director compensation and deferred savings plans, which are common practices in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation through deferred savings plans and phantom stock units is a common practice among publicly traded companies.
• Companies like Nike, Adidas, and Lululemon also utilize similar compensation strategies to incentivize their directors and key employees.
• The specific terms of these plans, such as the deferral rates and settlement conditions, can vary based on company size, performance, and industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.
• Employees are indirectly impacted as the director's incentives are tied to the overall success of the company.

Key Dates