V F Corp (VFC) director defers fees into 1,905 phantom stock units
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 1,905.488 | $16.40 | $31K |
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
Key Terms
Phantom Stock financial
Directors Deferred Savings Plan financial
PSUs financial
FAQ
What did V F Corp (VFC) director Matthew Shattock report on this Form 4?
How many phantom stock units in V F Corp does Matthew Shattock now hold?
How are the V F Corp phantom stock units valued in this Form 4 for Matthew Shattock?
When will Matthew Shattock’s V F Corp phantom stock units be paid out?