Form 4: VF Corp Director Matthew Shattock Acquires Phantom Stock Units Through Deferred Savings Plan

Director Matthew Shattock acquired 1,435.462 phantom stock units of VF Corp through the company's Directors Deferred Savings Plan.

Summary

• Matthew Shattock, a director at VF Corp, acquired 1,435.462 phantom stock units through the company's Directors Deferred Savings Plan.
• These phantom stock units were acquired by deferring director's fees, with each unit valued at $21.77.
• The phantom stock units will be settled in cash upon Mr. Shattock's retirement.
• The number of phantom stock units beneficially owned by Mr. Shattock is now 30,088.095.
• The acquisition was made on December 27, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with the company's performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred savings plan allows directors to accumulate value based on the company's stock performance.

Industry Context

This is a standard practice for many public companies to offer deferred compensation plans to directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock units, are common among publicly traded companies as a way to incentivize and retain board members.
• Many companies in the apparel and retail sector, such as Nike and Adidas, offer similar compensation structures to their directors.
• The specific terms of these plans, such as the vesting schedule and settlement method, can vary across companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

phantom stock, VF Corp, director, deferred savings plan, insider trading, executive compensation, Form 4