V F Corp (VFC) director defers fees into 1,905 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V F Corp director Matthew J. Shattock increased his deferred compensation position through a grant of phantom stock units. On this Form 4, he acquired 1,905.488 phantom stock units tied to VF common stock, credited at $16.40 of directors’ fees per unit under the company’s Directors Deferred Savings Plan.
The phantom stock units are bookkeeping entries that track VF’s share price and dividends, and are scheduled to be settled 100% in cash when Shattock retires. Following this award, his total phantom stock holdings under the plan rose to 41,402.862 units, reflecting ongoing deferral of director fees rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shattock Matthew J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 1,905.488 | $16.40 | $31K |
Holdings After Transaction:
Phantom Stock-d — 41,402.862 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: 1,905.488 units
Fee deferral per unit: $16.40 per unit
Total phantom units after grant: 41,402.862 units
3 metrics
Phantom stock units granted
1,905.488 units
Grant of phantom stock units on 2026-03-27
Fee deferral per unit
$16.40 per unit
Each PSU acquired by deferring $16.40 of director fees
Total phantom units after grant
41,402.862 units
Total phantom stock units beneficially owned after transaction
Key Terms
Phantom Stock, Directors Deferred Savings Plan, PSUs
3 terms
Phantom Stock financial
"Represents phantom stock units ("PSUs") accrued under the VF Corporation Directors Deferred Savings Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors Deferred Savings Plan financial
"PSUs accrued under the VF Corporation Directors Deferred Savings Plan ("Plan"), to be settled 100% in cash"
PSUs financial
"The number of PSUs acquired equals the amount of Directors' fees deferred"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
FAQ
What did V F Corp (VFC) director Matthew Shattock report on this Form 4?
Director Matthew J. Shattock reported receiving 1,905.488 phantom stock units as deferred director fees. These units are bookkeeping entries tied to VF’s share price and dividends and are payable in cash when he retires from the board.
How many phantom stock units in V F Corp does Matthew Shattock now hold?
After this transaction, Matthew J. Shattock holds 41,402.862 phantom stock units linked to VF common stock. These units represent deferred director fees and will be settled entirely in cash when he retires, based on the plan’s terms.
How are the V F Corp phantom stock units valued in this Form 4 for Matthew Shattock?
Each phantom stock unit was credited by deferring $16.40 of director fees per unit. The number of units granted, 1,905.488, equals fees deferred divided by VF’s closing market price on the deferral date, with dividends deemed reinvested over time.
When will Matthew Shattock’s V F Corp phantom stock units be paid out?
The phantom stock units are scheduled to be settled 100% in cash upon Matthew J. Shattock’s retirement. Until then, the number of units may change over time due to deemed reinvestment of dividends under VF’s Directors Deferred Savings Plan.