Form 4: V.F. Corporation Director Alex Cho Reports Acquisition of Phantom Stock Units

Director Alex Cho reported acquiring phantom stock units in V.F. Corporation through a directors' deferred savings plan.

Summary

• Director Alex Cho filed a Form 4 detailing changes in beneficial ownership of V.F. Corporation securities.
• The report indicates the acquisition of 1,851.166 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan on June 28, 2024.
• These PSUs were acquired by deferring director's fees, with each PSU valued at $13.505.
• The PSUs will be settled in cash upon the reporting person's retirement.
• Following the reported transaction, Cho beneficially owns 10,698.4353 PSUs.
• The phantom stock units are convertible 1 for 1 into common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It is neither overwhelmingly positive nor negative.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's retirement.

Industry Context

Directors often receive compensation in the form of stock or stock options to align their interests with those of shareholders. Deferred savings plans are a common way for directors to manage their compensation and tax liabilities.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves deferred compensation for a director.

Key Dates