VF Corp (NYSE: VFC) director adds phantom stock via fee deferral
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V F CORP director Richard Carucci acquired 4,317.789 phantom stock units through a deferred fee award. Each unit reflects $17.37 of director fees, converting cash compensation into phantom stock tied to VF common shares.
Following this grant, Carucci holds a total of 100,113.9669 phantom stock units under the Directors Deferred Savings Plan, which are settled entirely in cash upon retirement rather than in actual shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carucci Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock-d | 4,317.789 | $17.37 | $75K |
Holdings After Transaction:
Phantom Stock-d — 100,113.967 shares (Direct, null)
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 $17.37 of fees per PSU.
Key Figures
Phantom stock units granted: 4,317.789 units
Fee deferral per unit: $17.37 per unit
Total phantom units after grant: 100,113.9669 units
+2 more
5 metrics
Phantom stock units granted
4,317.789 units
Phantom Stock grant on 2026-06-26
Fee deferral per unit
$17.37 per unit
Director fees deferred into phantom stock
Total phantom units after grant
100,113.9669 units
Phantom stock balance following transaction
Conversion ratio
1 for 1
Each phantom unit tracks one VF common share
Settlement method
100% cash
Phantom units settled in cash at retirement
Key Terms
phantom stock units, Directors Deferred Savings Plan, deemed reinvestment of dividends, phantom stock
4 terms
phantom stock units financial
"Represents phantom stock units ("PSUs") accrued under the VF Corporation Directors Deferred Savings Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Directors Deferred Savings Plan financial
"PSUs accrued under the VF Corporation Directors Deferred Savings Plan ("Plan"), to be settled 100% in cash"
deemed reinvestment of dividends financial
"The number of PSUs beneficially owned may vary over time due to deemed reinvestment of dividends."
phantom stock financial
"Represents phantom stock units ("PSUs") accrued under the VF Corporation Directors Deferred Savings Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
FAQ
What insider transaction did V F CORP (VFC) disclose for Richard Carucci?
V F CORP disclosed that director Richard Carucci acquired 4,317.789 phantom stock units. These units were granted by deferring his director fees at $17.37 per unit, increasing his total phantom stock holdings to 100,113.9669 units under the company’s Directors Deferred Savings Plan.
How were the 4,317.789 phantom stock units for VFC’s director priced?
Each phantom stock unit was acquired by deferring $17.37 in director fees. The number of units equals the fees deferred divided by the share’s closing market price on the deferral date, effectively converting cash compensation into equity-linked phantom stock units for the director.
What does the phantom stock grant mean for V F CORP director compensation?
The grant shows V F CORP compensating its director partly through phantom stock units instead of cash. Carucci elected to defer fees into 4,317.789 units, aligning his compensation with VF’s share price performance while the award remains a cash-settled obligation, not actual share ownership.
How and when are V F CORP phantom stock units for directors settled?
Phantom stock units under V F CORP’s Directors Deferred Savings Plan are settled 100% in cash upon the director’s retirement. The cash amount reflects the then-current value tied to VF common stock, with unit balances fluctuating over time due to deemed reinvestment of dividends.