Form 4: V.F. Corporation Director Benno Dorer Transfers Shares to Living Trust, Sells Shares Held in UTMA

Director Benno Dorer reported transferring shares to a living trust and selling shares held in a UTMA, according to a Form 4 filing with the SEC.

Summary

• On February 26, 2024, Benno Dorer, a director of V.F. Corporation, engaged in transactions involving the company's common stock.
• Dorer transferred 10,000 shares to a new living trust and an additional 1,592 shares to another new living trust, both for no consideration.
• Dorer remains the beneficial owner of these shares held by the trusts.
• Additionally, Dorer sold shares held in a Uniform Transfers to Minors Act (UTMA) account for the benefit of his child.
• The sale price for the UTMA shares was $15.5308 per share.
• Following these transactions, Dorer directly owns 53,625.459 shares and indirectly owns 11,592 shares through the 2024 Living Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about share transfers and a sale.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into insider activity.
• The sale of shares from the UTMA account benefits Dorer's child.

Key Dates