Filing Details

Accession Number:
0001193125-23-031832
Form Type:
13G Filing
Publication Date:
2023-02-09 19:00:00
Filed By:
Pnc Financial Services Group, Inc.
Company:
V F Corp (NYSE:VFC)
Filing Date:
2023-02-10
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
81,361 38,440,627 51,721 38,495,935 38,565,164 9.92 12) Type of Reporting Person (See Instructions) HC CUSIP No. 918204108 Page 3 of 9 Pages 1) Names of Reporting Persons IRS Identification No. Of Above Persons PNC Bank, National Association 22-1146430 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 States Number of Shares Beneficially Owned By Each Reporting Person With 5) Sole Voting Power 80,994 6) Shared Voting Power 37,057,399 7) Sole Dispositive Power 79,733 8) Shared Dispositive Power 37,111,470 9) Aggregate Amount Beneficially Owned by Each Reporting Person 37,180,356 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) 9.57 12) Type of Reporting Person (See Instructions) BK CUSIP No. 918204108 Page 4 of 9 Pages 1) Names of Reporting Persons IRS Identification No. Of Above Persons PNC Delaware Trust Company 81-0581990 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 Delaware Number of Shares Beneficially Owned By Each Reporting Person With 5) Sole Voting Power 367 6) Shared Voting Power 1,383,220 7) Sole Dispositive Power 214 8) Shared Dispositive Power 1,383,252 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,383,587 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) 0.36 12) Type of Reporting Person (See Instructions) BK CUSIP No. 918204108 Page 5 of 9 Pages 1) Names of Reporting Persons IRS Identification No. Of Above Persons PNC Investments LLC 42-1604685 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 Delaware Number of Shares Beneficially Owned By Each Reporting Person With 5) Sole Voting Power -0- 6) Shared Voting Power 8 7) Sole Dispositive Power 8 8) Shared Dispositive Power 1,213 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,221 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) Less than 0.01 12) Type of Reporting Person (See Instructions) BD Page 6 of 9 Pages ITEM 1(a) - NAME OF ISSUER V.F. Corporation ITEM 1(b) - ADDRESS OF ISSUER 146 S PRINCIPAL EXECUTIVE OFFICES 105 Corporate Center Boulevard Greensboro, North Carolina 27408 ITEM 2(a) - NAME OF PERSON FILING The PNC Financial Services Group, Inc. PNC Bank, National Association PNC Delaware Trust Company and PNC Investments LLC ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE The PNC Financial Services Group, Inc. - 300 Fifth Avenue, Pittsburgh, PA 15222-2401 PNC Bank, National Association - 300 Fifth Avenue, Pittsburgh, PA 15222-2401 PNC Delaware Trust Company - 222 Delaware Avenue, Wilmington, DE 19801 PNC Investments LLC - 300 Fifth Avenue, Pittsburgh, PA 15222-2401 ITEM 2(c) - CITIZENSHIP The PNC Financial Services Group, Inc. - Pennsylvania PNC Bank, National Association - United States PNC Delaware Trust Company - Delaware PNC Investments LLC - Delaware ITEM 2(d) - TITLE OF CLASS OF SECURITIES Common ITEM 2(e) - CUSIP NUMBER 918204108 ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), 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 association 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 (15 U.S.C. 80a-3) (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J) (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). Page 7 of 9 Pages ITEM 4 - OWNERSHIP The following information is as of December 31, 2022 (a) Amount Beneficially Owned 38,565,164 (b) Percent of Class 9.92 (c) Number of shares to which such person has (i) sole power to vote or to direct the vote 81,361 (ii) shared power to vote or to direct the vote 38,440,627 (iii) sole power to dispose or to direct the disposition of 51,721 (iv) shared power to dispose or to direct the disposition of 38,495,935 Of the total shares of common stock reported herein, 38,440,619 shares (9.89%
80,994 37,057,399 79,733 37,111,470 37,180,356
367 1,383,220 214 1,383,252 1,383,587
0 8 8 1,213 1,221
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 87)

 

 

V.F. Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

918204108

(CUSIP Number)

December 31, 2022

(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)

 

 

 


CUSIP No. 918204108       Page 2 of 9 Pages

 

  1)    

  Names of Reporting Persons

  IRS Identification No. Of Above Persons

 

  The PNC Financial Services Group, Inc. 25-1435979

  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

 

  Pennsylvania

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5)    

  Sole Voting Power

 

  81,361

   6)  

  Shared Voting Power

 

  38,440,627

   7)  

  Sole Dispositive Power

 

  51,721

   8)  

  Shared Dispositive Power

 

  38,495,935

  9)    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

   38,565,164

10)  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

  ☐

11)  

  Percent of Class Represented by Amount in Row (9)

 

  9.92

12)  

  Type of Reporting Person (See Instructions)

 

  HC


CUSIP No. 918204108       Page 3 of 9 Pages

 

  1)    

  Names of Reporting Persons

  IRS Identification No. Of Above Persons

 

  PNC Bank, National Association 22-1146430

  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 States

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5)    

  Sole Voting Power

 

  80,994

   6)  

  Shared Voting Power

 

  37,057,399

   7)  

  Sole Dispositive Power

 

  79,733

   8)  

  Shared Dispositive Power

 

  37,111,470

  9)    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  37,180,356

10)  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

  ☐

11)  

  Percent of Class Represented by Amount in Row (9)

 

  9.57

12)  

  Type of Reporting Person (See Instructions)

 

  BK


CUSIP No. 918204108       Page 4 of 9 Pages

 

  1)    

  Names of Reporting Persons

  IRS Identification No. Of Above Persons

 

  PNC Delaware Trust Company 81-0581990

  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

 

  Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5)    

  Sole Voting Power

 

  367

   6)  

  Shared Voting Power

 

  1,383,220

   7)  

  Sole Dispositive Power

 

  214

   8)  

  Shared Dispositive Power

 

  1,383,252

  9)    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,383,587

10)  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

  ☐

11)  

  Percent of Class Represented by Amount in Row (9)

 

  0.36

12)  

  Type of Reporting Person (See Instructions)

 

  BK


CUSIP No. 918204108       Page 5 of 9 Pages

 

  1)    

  Names of Reporting Persons

  IRS Identification No. Of Above Persons

 

  PNC Investments LLC 42-1604685

  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

 

  Delaware

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5)    

  Sole Voting Power

 

  -0-

   6)  

  Shared Voting Power

 

  8

   7)  

  Sole Dispositive Power

 

  8

   8)  

  Shared Dispositive Power

 

  1,213

  9)    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,221

10)  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions

 

  ☐

11)  

  Percent of Class Represented by Amount in Row (9)

 

  Less than 0.01

12)  

  Type of Reporting Person (See Instructions)

 

  BD


      Page 6 of 9 Pages

 

ITEM 1(a) - NAME OF ISSUER:

V.F. Corporation

ITEM 1(b) - ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES:

105 Corporate Center Boulevard

Greensboro, North Carolina 27408

ITEM 2(a) - NAME OF PERSON FILING:

The PNC Financial Services Group, Inc.; PNC Bank, National

Association; PNC Delaware Trust Company; and PNC Investments LLC

ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The PNC Financial Services Group, Inc. - 300 Fifth Avenue, Pittsburgh, PA 15222-2401

PNC Bank, National Association - 300 Fifth Avenue, Pittsburgh, PA 15222-2401

PNC Delaware Trust Company - 222 Delaware Avenue, Wilmington, DE 19801

PNC Investments LLC - 300 Fifth Avenue, Pittsburgh, PA 15222-2401

ITEM 2(c) - CITIZENSHIP:

The PNC Financial Services Group, Inc. - Pennsylvania

PNC Bank, National Association - United States

PNC Delaware Trust Company - Delaware

PNC Investments LLC - Delaware

ITEM 2(d) - TITLE OF CLASS OF SECURITIES:

Common

ITEM 2(e) - CUSIP NUMBER:

918204108

ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), 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 association 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 (15 U.S.C. 80a-3);

(j)

 

   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)

 

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(K).


      Page 7 of 9 Pages

 

ITEM 4 - OWNERSHIP:

The following information is as of December 31, 2022:

 

(a)   Amount Beneficially Owned:

   38,565,164                        

(b)   Percent of Class:

   9.92   

(c)   Number of shares to which such person has:

     

(i) sole power to vote or to direct the vote

   81,361   

(ii)  shared power to vote or to direct the vote

   38,440,627   

(iii)  sole power to dispose or to direct the disposition of

   51,721   

(iv) shared power to dispose or to direct the disposition of

   38,495,935   

Of the total shares of common stock reported herein, 38,440,619 shares (9.89% of the class) are held in Barbey Family Trust accounts for which PNC Bank, National Association (PNC Bank) serves as co-trustee. PNC Bank, as co-trustee, is deemed to share voting power and dispositive power with respect to those 38,440,619 shares.

Of the total shares of common stock reported herein, 122,957 shares are held in accounts at PNC Bank in a fiduciary capacity for clients outside of the above-referenced trust accounts.

Of the total shares of common stock reported herein, 367 shares are held in accounts at PNC Delaware Trust Company in a fiduciary capacity for clients outside of the above-referenced trust accounts.

Of the total shares of common stock reported herein, 1,221 shares are held in accounts at PNC Investments LLC in a fiduciary capacity for clients outside of the above-referenced trust accounts.

The inclusion of the reporting persons and such securities in this report shall not be deemed an

admission of beneficial ownership by the reporting persons for the purposes of Section 13(d) or 13(g) of the

Act, or for any other purposes.

ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

Not Applicable.

ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

PNC Bank, as co-trustee, shares the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock held by the Barbey Family Trust accounts noted in Item 4 above. The beneficiaries of the trust have the right to receive dividends from the common stock in their trust accounts.

ITEM 7 - IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Included are the following subsidiaries of The PNC Financial Services Group, Inc. - HC:

PNC Bancorp, Inc. - HC (wholly owned subsidiary of The PNC Financial Services Group, Inc.)

PNC Bank, National Association - BK (wholly owned subsidiary of PNC Bancorp, Inc.)

PNC Delaware Trust Company - BK (wholly owned subsidiary of PNC Bank, National Association)

PNC Investments LLC - BD (wholly owned subsidiary of PNC Bank, National Association)


      Page 8 of 9 Pages

 

ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

Not Applicable.

ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:

Not Applicable.

ITEM 10 - CERTIFICATION:

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.


      Page 9 of 9 Pages

 

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.

 

  February 10, 2023       February 10, 2023
  Date       Date
  By: /s/ Gregory H. Kozich       By: /s/ Joshua Ott
  SignatureThe PNC Financial Services Group, Inc.       Signature PNC Delaware Trust Company
  Gregory H. Kozich, Senior Vice President & Controller       Joshua Ott, Fiduciary Market Director
  Name & Title       Name & Title
  February 10, 2023       February 10, 2023
  Date       Date
  By: /s/ Gregory H. Kozich       By: /s/ Richard R. Guerrini
  Signature PNC Bank, National Association       Signature PNC Investments LLC
  Gregory H. Kozich, Executive Vice President & Controller       Richard R. Guerrini, President & CEO
  Name & Title       Name & Title

AN AGREEMENT TO FILE A JOINT STATEMENT WAS PREVIOUSLY FILED