VF Corp (NYSE: VFC) VP has 941 shares withheld to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V F CORP executive Michael Edward Phillips, the VP and Chief Accounting Officer, had 941 shares of Common Stock withheld on May 28, 2026 to cover tax obligations from vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale. After the transaction, he directly holds about 57,271.082 shares of V F CORP common stock, indicating his overall stake remains largely unchanged.
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 | 941 | $17.41 | $16K |
Holdings After Transaction:
Common Stock — 57,271.082 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 941 shares
Reference price per share: $17.41 per share
Shares held after transaction: 57,271.082 shares
+1 more
4 metrics
Shares withheld for taxes
941 shares
Tax withholding disposition on May 28, 2026
Reference price per share
$17.41 per share
Value used for tax withholding calculation
Shares held after transaction
57,271.082 shares
Direct ownership after tax withholding
Tax withholding shares per summary
941 shares
Reported in transactionSummary as taxWithholdingShares
Key Terms
restricted stock units, tax withholding obligations, Common Stock, tax-withholding disposition
4 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 out"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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 did V F CORP (VFC) officer Michael Phillips report in this Form 4?
Michael Edward Phillips reported that 941 shares of V F CORP Common Stock were withheld to satisfy tax obligations from vesting restricted stock units, a non-market transaction rather than a voluntary open-market sale of shares.
Was the V F CORP (VFC) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover taxes arising from the vesting of restricted stock units, so it does not reflect a discretionary decision to sell shares.
What does transaction code F mean in the V F CORP (VFC) Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. In this case, shares were withheld to cover taxes from restricted stock unit vesting, rather than being sold in the open market by the reporting person.
What role does Michael Phillips hold at V F CORP (VFC) in this Form 4?
The Form 4 identifies Michael Edward Phillips as an officer of V F CORP, serving as VP, Chief Accounting Officer. The reported transaction relates to equity compensation through restricted stock units and associated tax withholding.