M&G Plc, on behalf of certain subsidiaries, reports beneficial ownership of 25,778,975 shares of V.F. Corporation common stock, representing 6.60% of the class as of 12/31/2025.
M&G Plc has sole voting and dispositive power over 25,254,447 shares, with shared voting power over 228,274 shares and shared dispositive power over 524,528 shares. The securities are held for investment vehicles managed by M&G-related entities, and the reporting persons state they hold the shares in the ordinary course of business, not to change or influence control of V.F. Corporation.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
V.F. Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
918204108
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
918204108
1
Names of Reporting Persons
M&G Plc on behalf of certain subsidiaries
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
25,254,447.00
6
Shared Voting Power
228,274.00
7
Sole Dispositive Power
25,254,447.00
8
Shared Dispositive Power
524,528.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,778,975.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.60 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
V.F. Corporation
(b)
Address of issuer's principal executive offices:
1551 Wewatta Street, Denver, CO 80202, United States
Item 2.
(a)
Name of person filing:
M&G Plc on behalf of certain subsidiaries
(b)
Address or principal business office or, if none, residence:
10 Fenchurch Avenue, London, EC3M 5AG
(c)
Citizenship:
United Kingdom, England
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
918204108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
M&G Plc is the ultimate parent, through wholly-owned intermediate holding companies, of the persons listed in Item 7, each of which is a person of a category specified in 240.13d-1(b)(1)(ii)(A) through (J). M&G Plc and such other persons are referred to herein collectively as the "Reporting Persons."
The securities reported herein are held for the account of investment vehicles for which one or more of the Reporting Persons serves as investment manager. In such capacity and/or through other relationships, which may change from time to time, each Reporting Person may be deemed to beneficially own all or a portion of the securities reported herein. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of its beneficial ownership therein.
Item 4.
Ownership
(a)
Amount beneficially owned:
25,778,975
(b)
Percent of class:
6.60 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
25,254,447
(ii) Shared power to vote or to direct the vote:
228,274
(iii) Sole power to dispose or to direct the disposition of:
25,254,447
(iv) Shared power to dispose or to direct the disposition of:
524,528
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit A
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What percentage of V.F. Corporation (VFC) does M&G Plc report owning?
M&G Plc reports beneficial ownership of 6.60% of V.F. Corporation’s common stock. This represents 25,778,975 shares held across investment vehicles managed by its subsidiaries as of December 31, 2025, according to the amended Schedule 13G filing.
How many V.F. Corporation shares does M&G Plc have sole voting power over?
M&G Plc reports sole voting power over 25,254,447 shares of V.F. Corporation common stock. It also reports shared voting power over an additional 228,274 shares, reflecting holdings managed across its investment-related subsidiaries.
What is the total number of V.F. Corporation shares M&G Plc beneficially owns?
M&G Plc states it beneficially owns 25,778,975 shares of V.F. Corporation common stock. This total combines positions over which it and its subsidiaries have sole or shared voting and/or dispositive power, held for various investment vehicles.
Does M&G Plc intend to influence control of V.F. Corporation with this stake?
M&G Plc certifies the shares were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of V.F. Corporation, consistent with a passive investment reported on Schedule 13G.
In what capacity does M&G Plc hold V.F. Corporation shares reported on this Schedule 13G/A?
The securities are held for the accounts of investment vehicles for which one or more M&G-related entities act as investment manager. M&G Plc is the ultimate parent of these subsidiaries and may be deemed to beneficially own the reported shares.
What are M&G Plc’s dispositive powers over V.F. Corporation (VFC) shares?
M&G Plc reports sole dispositive power over 25,254,447 shares and shared dispositive power over 524,528 shares of V.F. Corporation common stock. These figures describe authority to decide whether and how these shares may be sold or otherwise disposed of.