V F Corp (VFC) Director Richard Carucci Receives Award

What Happened

• Richard Carucci, a director of V F Corporation (VFC), acquired 5,300.353 phantom stock units (PSUs) on 2026-09-25. The units were recorded at $14.15 each for a total value of $75,000. This was a deferred-compensation award (derivative), not an open-market stock purchase or sale.

Key Details

• Transaction date and price: 2026-09-25 at $14.15 per PSU; total value $75,000.
• Transaction type: Award/Acquisition of derivative units (Form 4 code A).
• Shares/units acquired: 5,300.353 PSUs.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • PSUs are phantom stock units under the VF Corporation Directors Deferred Savings Plan and will be settled 100% in cash upon the director’s retirement (F1).
  • The number of PSUs equals fees deferred divided by the fair market value per share at deferral and may change due to deemed dividend reinvestment (F1).
  • Conversion is 1-for-1 with common stock for accounting purposes (F2); each PSU was acquired by deferring $14.15 of fees per unit (F4).
• Filing timing: Form filed on 2026-09-29, four days after the transaction date; Form 4s are generally required within two business days, so this filing appears later than typical.

Context

• These PSUs are deferred-compensation units that will be paid in cash at retirement, so this is not a direct purchase of common stock and doesn’t necessarily signal immediate bullishness or bearishness. Retail investors should view this as routine director compensation rather than an open-market investment decision.