Form 4: V.F. Corporation Director Alex Cho Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Alex Cho reports acquiring phantom stock units in V.F. Corporation through a directors' deferred savings plan.
Summary
- Director Alex Cho reported the acquisition of 1,634.521 phantom stock units (PSUs) in V.F. Corporation on March 29, 2024.
- These PSUs were accrued under the VF Corporation Directors Deferred Savings Plan.
- The PSUs will be settled in cash upon Cho's retirement.
- The acquisition resulted in Cho beneficially owning 8,789.9853 PSUs.
- Each PSU was acquired by deferring $15.295 of fees per PSU.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive signal.
Future Outlook
The phantom stock units will be settled in cash upon the reporting person's retirement.
Industry Context
This filing reflects standard compensation practices for directors, often involving deferred compensation plans and equity-based awards.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders by aligning the director's interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Alex Cho acquired phantom stock units. |
| 04/01/2024 | Date of report signature. |
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