V F Corp director adds phantom stock units
V F Corp director Richard Carucci increased his deferred compensation tied to company performance.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 4,573.171 | $16.40 | $75K |
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 $16.40 of fees per PSU.
Key Figures
Key Terms
phantom stock units financial
Directors Deferred Savings Plan financial
deemed reinvestment of dividends financial
phantom stock-d financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did V F Corp (VFC) director Richard Carucci report in this Form 4?
How were the VFC phantom stock units for Richard Carucci calculated?
Are Richard Carucci’s V F Corp phantom stock units settled in stock or cash?
How many VFC phantom stock units does Richard Carucci hold after this transaction?
What is the V F Corp Directors Deferred Savings Plan mentioned in the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.