Carucci Richard 4

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.