Form 4: V.F. Corporation Director Richard Carucci Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Richard Carucci reports acquiring phantom stock units in V.F. Corporation through a directors' deferred savings plan.
Summary
- Richard Carucci, a director of V.F. Corporation, filed a Form 4 disclosing changes in beneficial ownership.
- On December 27, 2024, Carucci acquired 3,445.108 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan.
- These PSUs were acquired at a price of $21.77 each, reflecting deferred director's fees.
- Following the transaction, Carucci beneficially owns 68,316.3719 PSUs.
- The PSUs will be settled in cash upon Carucci's retirement.
- The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It is neither overtly positive nor negative.
Future Outlook
The phantom stock units will be settled 100% 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 shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/27/2024 | Date of transaction: Acquisition of phantom stock units. |
| 12/31/2024 | Date of signature for the Form 4 filing. |
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