Carucci Richard 4
4 · V F CORP · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
V F CORP (VFC) Director Richard Carucci Receives PSU Award
What Happened
Richard Carucci, a director of V F CORP (VFC), was granted 4,317.789 phantom stock units (PSUs) on 2026-06-26. The units were recorded at $17.37 each, for an aggregate value of $75,000. This was an award/acquisition of a derivative benefit (PSUs) under the company's Directors Deferred Savings Plan, not an open-market stock purchase or sale.
Key Details
- Transaction date and type: 2026-06-26 — Grant/Award (code A).
- Units and price: 4,317.789 PSUs at $17.37 per unit, total value $75,000.
- Shares owned after transaction: Not specified/beneficial ownership after grant not reported in this filing.
- Settlement: PSUs are phantom units to be settled 100% in cash upon the director’s retirement (per footnote). Each PSU is treated 1-for-1 with the company share value for payout purposes.
- How acquired: Units resulted from deferral of directors’ fees ($17.37 of fees elected per PSU). Dividends are treated as deemed reinvested and may change the PSU count over time.
- Timeliness: Filing shows the transaction on 6/26 and was filed 6/30 — this appears to be timely under Form 4 rules.
Context: These PSUs are a deferred cash compensation vehicle (derivative) rather than immediate stock ownership. They do not represent shares currently traded on the market and will be paid in cash at retirement, so they are routine compensation-related awards rather than a direct market buy or sell.
Insider Transaction Report
- Award
Phantom Stock-d
[F1][F2][F4][F3]2026-06-26$17.37/sh+4,317.789$75,000→ 100,113.967 total→ Common Stock (4,317.789 underlying)
Footnotes (4)
- [F1]Represents phantom stock units ("PSUs") accrued under the VF Corporation Directors Deferred Savings Plan ("Plan"), to be settled 100% in cash upon the reporting person's retirement. The number of PSUs acquired equals the amount of Directors' fees deferred by the reporting person divided by the fair market value (closing market price) per share on the date of deferral. The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends.
- [F2]1 for 1.
- [F3]There is no date that should appear in these columns. These columns are not applicable to this particular filing.
- [F4]Each PSU was acquired at the election of the Director by deferring $17.37 of fees per PSU.