V F Corp (NYSE: VFC) director defers fees into phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V F Corp director Richard Carucci increased his deferred compensation tied to company performance. He acquired 4,573.171 phantom stock units by electing to defer directors' fees at $16.40 of fees per unit. These units track V F Corp common stock on a 1-for-1 basis and are settled 100% in cash upon his retirement.
Following this grant, Carucci holds a total of 95,326.7499 phantom stock units under the company’s Directors Deferred Savings Plan, with balances able to change over time through deemed dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carucci Richard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 4,573.171 | $16.40 | $75K |
Holdings After Transaction:
Phantom Stock-d — 95,326.75 shares (Direct)
Footnotes (1)
- 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. 1 for 1. There is no date that should appear in these columns. These columns are not applicable to this particular filing. Each PSU was acquired at the election of the Director by deferring $16.40 of fees per PSU.
Key Figures
Phantom stock units granted: 4,573.171 PSUs
Fees deferred per unit: $16.40
Total phantom units after grant: 95,326.7499 PSUs
+1 more
4 metrics
Phantom stock units granted
4,573.171 PSUs
Director fee deferral on March 27, 2026
Fees deferred per unit
$16.40
Directors’ fees deferred for each phantom stock unit
Total phantom units after grant
95,326.7499 PSUs
Carucci’s beneficial holdings following the transaction
Conversion ratio
1 for 1
Each phantom stock unit tracks one V F Corp common share
Key Terms
phantom stock units, Directors Deferred Savings Plan, deemed reinvestment of dividends, phantom stock-d
4 terms
phantom stock units financial
"Represents phantom stock units ("PSUs") accrued under the VF Corporation Directors Deferred Savings Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Directors Deferred Savings Plan financial
"accrued under the VF Corporation Directors Deferred Savings Plan ("Plan"), to be settled 100% in cash"
deemed reinvestment of dividends financial
"The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends."
phantom stock-d financial
"security_title: "Phantom Stock-d" for the reported derivative transaction"
FAQ
What did V F Corp (VFC) director Richard Carucci report in this Form 4?
Richard Carucci reported receiving 4,573.171 phantom stock units as deferred director fees. Each unit reflects $16.40 of fees and tracks one share of V F Corp common stock, increasing his total phantom stock holdings to 95,326.7499 units.
How were the VFC phantom stock units for Richard Carucci calculated?
Each phantom stock unit equals $16.40 of deferred directors’ fees divided by the closing market price on the deferral date. Carucci elected to defer his fees, so the 4,573.171 units directly reflect that cash compensation turned into cash-settled phantom stock credits.
Are Richard Carucci’s V F Corp phantom stock units settled in stock or cash?
The phantom stock units are settled 100% in cash upon Carucci’s retirement. Although they track V F Corp common stock on a 1-for-1 basis, they represent a cash-based deferred compensation promise rather than actual shares of stock.
How many VFC phantom stock units does Richard Carucci hold after this transaction?
After this transaction, Carucci beneficially holds 95,326.7499 phantom stock units under the Directors Deferred Savings Plan. This total can vary over time because the plan assumes dividend reinvestment, changing the number of units credited to his account.
What is the V F Corp Directors Deferred Savings Plan mentioned in the Form 4?
The Directors Deferred Savings Plan lets directors defer their fees into phantom stock units instead of cash. These units mirror V F Corp’s share price and dividends, then pay out 100% in cash upon a director’s retirement, aligning compensation with company performance.