Form 4: VFC Director Shattock Acquires Phantom Stock

V.F. Corp. Director Matthew J. Shattock reported the acquisition of 1,689.189 phantom stock units through a deferred compensation plan.

Summary

• Matthew J. Shattock, a Director of V.F. Corp. (VFC), acquired 1,689.189 phantom stock units (PSUs) on December 26, 2025.
• The PSUs were accrued under the VF Corporation Directors Deferred Savings Plan and are to be settled 100% in cash upon Shattock's retirement.
• Each PSU was acquired by deferring $18.50 of Directors' fees.
• Following this transaction, Shattock beneficially owns a total of 39,291.904 phantom stock units.
• The number of PSUs acquired is determined by dividing the deferred Directors' fees by the fair market value (closing market price) per share on the date of deferral.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director, even through a deferred compensation plan, generally indicates a positive alignment of interests and continued confidence in the company's long-term prospects. While not a direct open-market purchase, it reflects a commitment to the company's future value.

Positives

• A Director's acquisition of phantom stock units, even through a deferred compensation plan, can signal continued confidence in the company's future performance.
• The deferred compensation plan aligns the Director's long-term interests with those of shareholders, as the PSUs are settled in cash upon retirement based on the company's stock value.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction reporting a director's participation in a deferred compensation plan. It does not provide specific insights into broader industry trends or competitive landscape, but rather reflects an individual director's compensation structure and investment in the company.

Comparison to Industry Standards

• This filing is a standard Form 4 for reporting insider transactions.
• The structure of phantom stock units as part of director compensation is a common practice across various industries, aligning director interests with long-term shareholder value.
• No specific comparable companies or projects are detailed in this filing.

Related Party Transactions

• The acquisition of phantom stock units by Director Matthew J. Shattock under the VF Corporation Directors Deferred Savings Plan constitutes a related party transaction, as it involves compensation from the company to a director.

Stakeholder Impact

• Shareholders: The transaction signals a director's continued investment and alignment with the company's long-term performance, which can be viewed positively by shareholders.

Key Dates

Recommendation

While the director's acquisition of phantom stock units is a positive signal of confidence and alignment with long-term shareholder interests, this single transaction, particularly one through a deferred compensation plan rather than an open-market purchase, is not substantial enough on its own to warrant a 'buy' recommendation. It reinforces a 'hold' position for investors already in VFC, suggesting continued stability and insider belief in the company's value, but does not present new fundamental information for a strong directional call.

Keywords

VFC, V.F. Corp., Matthew J. Shattock, Form 4, insider transaction, phantom stock, director compensation, deferred savings plan, equity acquisition