VFC Director Richard Carucci Receives Phantom Stock Award

What Happened

• Richard Carucci, a director of V F Corporation (VFC), was credited with 4,573.171 phantom stock units (PSUs) on 2026-03-27. The units were recorded at $16.40 each, for a notional value of $75,000. This was an acquisition (award) of derivative units under the company’s directors deferred savings plan rather than an open-market stock purchase or sale.

Key Details

• Transaction date and price: 2026-03-27; 4,573.171 PSUs at $16.40 per PSU; total value $75,000.
• Transaction type: A (award/acquisition) — PSUs (derivative), not actual common shares.
• Settlement and terms: PSUs are accrued under the VF Corporation Directors Deferred Savings Plan and will be settled 100% in cash upon the reporting person’s retirement (Footnote F1).
• Acquisition method: Units were acquired by the director electing to defer $16.40 of fees per PSU (Footnote F4); PSUs are 1-for-1 (F2).
• Shares owned after transaction: Not specified in this filing.
• Filing date: Report filed 2026-03-31 reporting the 2026-03-27 transaction.

Context

• These PSUs are a form of deferred compensation for board fees and will be paid in cash at retirement, so they do not immediately change the director’s voting power or share count. PSUs may adjust over time for deemed dividend reinvestment (F1). This is a routine director compensation deferral rather than a market buy or sale.