Form 4: VF Corp Director Richard Carucci Increases Phantom Stock Holdings Through Deferred Compensation Plan

VF Corporation Director Richard Carucci has acquired additional phantom stock units as part of the company's deferred savings plan, increasing his total beneficial ownership.

Summary

• Richard Carucci, a Director of V F Corp (VFC), acquired 6,334.459 phantom stock units (PSUs) on June 27, 2025.
• These PSUs were obtained by deferring director fees, with each unit valued at $11.84, which represents the fair market value (closing market price) on the date of deferral.
• The PSUs are accrued under the VF Corporation Directors Deferred Savings Plan and are designated to be settled 100% in cash upon Carucci's retirement.
• Following this transaction, Carucci's total beneficial ownership of phantom stock units increased to 80,302.1239.
• The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director, particularly as part of a deferred compensation plan, is generally a neutral to slightly positive signal, indicating continued alignment of interests with the company's performance. It is not a direct open-market purchase but still reflects a commitment.

Positives

• An insider (Director Richard Carucci) increased his beneficial ownership in the company through the acquisition of phantom stock units, which can be viewed as a sign of continued confidence in the company's future performance.
• The acquisition was part of a deferred compensation plan, aligning the director's long-term interests with shareholder value.

Negatives

• No specific negative information is disclosed in this Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis. It reflects a standard compensation mechanism for directors within a publicly traded company.

Comparison to Industry Standards

• This document reports an individual insider transaction (acquisition of phantom stock units as part of deferred compensation) and does not contain information that allows for a direct comparison to global benchmarks, specific comparable companies, projects, or results in terms of operational or financial performance.

Related Party Transactions

• The acquisition of phantom stock units by a director under the VF Corporation Directors Deferred Savings Plan can be considered a related party transaction, as it involves compensation between the company and a director.

Stakeholder Impact

• Shareholders: The transaction aligns the director's long-term interests with shareholder value, as the phantom stock units are tied to the company's performance and will be settled in cash upon retirement.

Next Steps

• The phantom stock units are to be settled 100% in cash upon the reporting person's retirement.
• The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.

Key Dates

Keywords

VF Corp, VFC, Richard Carucci, Phantom Stock Units, Insider Transaction, SEC Form 4, Director Compensation, Deferred Savings Plan, Beneficial Ownership