VF Corp (NYSE: VFC) CAO has 1,613 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V F Corp executive Michael Edward Phillips, the VP and Chief Accounting Officer, reported a routine tax-related share disposition. On the vesting of restricted stock units, 1,613 shares of common stock were withheld at $16.41 per share to cover tax obligations. After this withholding, he directly holds 55,658.082 shares of V F Corp common stock, indicating the event is compensation- and tax-driven rather than an open‑market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Michael Edward
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,613 | $16.41 | $26K |
Holdings After Transaction:
Common Stock — 55,658.082 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,613 shares
Withholding price per share: $16.41 per share
Shares held after transaction: 55,658.082 shares
3 metrics
Shares withheld for taxes
1,613 shares
Tax withholding on RSU vesting
Withholding price per share
$16.41 per share
Price applied to 1,613 withheld shares
Shares held after transaction
55,658.082 shares
Direct common stock holdings post-withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition
3 terms
restricted stock units financial
"arising out of the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations arising"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did V F Corp (VFC) report for Michael Edward Phillips?
V F Corp reported that VP and Chief Accounting Officer Michael Edward Phillips had 1,613 common shares withheld to cover taxes on restricted stock unit vesting. This tax-withholding disposition is compensation-related and not an open-market sale, leaving him with 55,658.082 directly held shares.
Was the VFC insider transaction by Michael Edward Phillips an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows 1,613 V F Corp common shares were withheld to satisfy tax obligations from restricted stock unit vesting, a standard compensation mechanism, with Phillips retaining 55,658.082 common shares directly after the withholding.