Form 4: V F Corp Director W Rodney McMullen Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director W Rodney McMullen reports acquisition of phantom stock units in V F Corp's Directors Deferred Savings Plan.
Summary
- W Rodney McMullen, a director of V F Corp, reported the acquisition of 2,206.603 phantom stock units on March 29, 2024.
- These units were accrued under the VF Corporation Directors Deferred Savings Plan and will be settled in cash upon retirement.
- The price per phantom stock unit was $15.295, reflecting deferred director's fees.
- Following the transaction, McMullen beneficially owns 22,102.0165 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding director compensation, with neutral sentiment.
Future Outlook
The phantom stock units will be settled in cash upon the reporting person's retirement.
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 stakeholders, as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of phantom stock unit acquisition |
| 04/01/2024 | Date of report signature |
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