[Form 4] V F CORP Insider Trading Activity

Rhea-AI Filing Summary

Richard Carucci, a director of VF Corporation (VFC), reported a non-derivative acquisition on 09/26/2025 consisting of 5,091.65 phantom stock units (PSUs) under the VF Corporation Directors Deferred Savings Plan. Each PSU reflects a $14.73 deferral of director fees, and PSUs will be settled 100% in cash upon the director's retirement. The filing states PSUs are credited 1-for-1 to common stock equivalents and may change over time due to deemed dividend reinvestment.

After the reported acquisition, the filing shows beneficial ownership equivalent to 85,837.1079 shares attributable to the reporting person. No options, exercises, or cash sales are reported in this form; the transaction reflects fee deferral into cash-settled PSUs rather than an open-market security trade.

Insights

Corporate Governance Expert

TL;DR: Routine director fee deferral into cash-settled PSUs aligns compensation timing with retirement and poses no immediate dilution.

The reported transaction documents a director electing to defer board fees into PSUs under the company's deferred savings plan. These PSUs are cash-settled at retirement and are denominated by dividing deferred dollars by the closing share price on the deferral date. Because settlement is in cash and not in shares, there is no immediate share issuance or dilution. The filing discloses standard governance practice of deferral elections and dividend reinvestment features; nothing in the form indicates a change in board composition or governance policies.

Securities Analyst

TL;DR: Transaction is a non-market compensation deferral; it affects reported beneficial ownership but is not a market-moving event.

The form records acquisition of 5,091.65 PSUs at an elected unit value of $14.73 per PSU, resulting in beneficial ownership equivalent to 85,837.1079 shares post-transaction. Because PSUs are cash-settled on retirement, there is no immediate impact on share count or liquidity. This disclosure is useful for tracking insider economic exposure but does not reflect open-market purchases or sales that would alter float or signal trading intent.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Carucci Richard

(Last) (First) (Middle)

1551 WEWATTA STREET

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
V F CORP [ VFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock-d(1)	(2)	09/26/2025		A		5,091.65		(3)	(3)	Common Stock	5,091.65	$14.73(4)	85,837.1079	D

Explanation of Responses:

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.

2. 1 for 1.

3. There is no date that should appear in these columns. These columns are not applicable to this particular filing.

4. Each PSU was acquired at the election of the Director by deferring $14.73 of fees per PSU.

	/s/ Vivian Coates for Richard Carucci (pursuant to signing authority on file)	09/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Richard Carucci report on Form 4 for VFC?

The filing reports acquisition of 5,091.65 phantom stock units (PSUs) on 09/26/2025 under VF Corporation's directors deferred savings plan.

How were the PSUs valued in the VFC Form 4 filing?

Each PSU was acquired by deferring $14.73 of director fees per unit, with the number of PSUs equal to fees deferred divided by the closing share price on the deferral date.

Will the PSUs reported by the VFC director be settled in shares or cash?

The filing states the PSUs will be settled 100% in cash upon the reporting person's retirement.

What is the beneficial ownership reported after the transaction?

Following the PSU acquisition the filing shows beneficial ownership equivalent to 85,837.1079 shares.

Do these PSUs cause immediate dilution to VFC common shares?

No. The PSUs are cash-settled on retirement, so the filing does not indicate immediate share issuance or dilution.