Filing Details

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 88)

 

 

V.F. Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

918204108

(CUSIP Number)

December 31, 2023

(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 10 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    52,119
				6)		Shared Voting Power    38,225,833
				7)		Sole Dispositive Power    43,659
				8)		Shared Dispositive Power    38,238,747

9)		Aggregate Amount Beneficially Owned by Each Reporting Person    38,284,711
10)		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐
11)		Percent of Class Represented by Amount in Row (9)    9.84
12)		Type of Reporting Person (See Instructions)    HC

CUSIP No. 918204108				Page 3 of 10 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    51,012
				6)		Shared Voting Power    36,842,613
				7)		Sole Dispositive Power    42,613
				8)		Shared Dispositive Power    36,851,509

9)		Aggregate Amount Beneficially Owned by Each Reporting Person    36,896,366
10)		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐
11)		Percent of Class Represented by Amount in Row (9)    9.49
12)		Type of Reporting Person (See Instructions)    BK

CUSIP No. 918204108				Page 4 of 10 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    1,071
				6)		Shared Voting Power    1,383,220
				7)		Sole Dispositive Power    1,010
				8)		Shared Dispositive Power    1,383,220

9)		Aggregate Amount Beneficially Owned by Each Reporting Person    1,384,291
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 10 Pages

 

1)		Names of Reporting Persons  IRS Identification No. Of Above Persons    PNC Ohio Trust Company 81-0991531
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    Ohio

Number of Shares  Beneficially  Owned By Each Reporting Person With				5)		Sole Voting Power    36
				6)		Shared Voting Power    -0-
				7)		Sole Dispositive Power    36
				8)		Shared Dispositive Power    -0-

9)		Aggregate Amount Beneficially Owned by Each Reporting Person    36
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)    BK

CUSIP No. 918204108				Page 6 of 10 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    -0-
				7)		Sole Dispositive Power    -0-
				8)		Shared Dispositive Power    4,018

9)		Aggregate Amount Beneficially Owned by Each Reporting Person    4,018
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 7 of 10 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; PNC Ohio 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 Ohio Trust Company - 1900 East 9^th Street, Cleveland, OH 44114

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 Ohio Trust Company - Ohio

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 8 of 10 Pages

 

ITEM 4 - OWNERSHIP:

The following information is as of December 31, 2023:

 

(a)   Amount Beneficially Owned:			38,284,711
(b)   Percent of Class:			9.84
(c)   Number of shares to which such person has:
(i) sole power to vote or to direct the vote			52,119
(ii)  shared power to vote or to direct the vote			38,225,833
(iii)  sole power to dispose or to direct the disposition of			43,659
(iv) shared power to dispose or to direct the disposition of			38,238,747

Of the total shares of common stock reported herein, 38,225,833 shares (9.83% 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 38,225,833 shares.

Of the total shares of common stock reported herein, 53,753 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, 1,071 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, 36 shares are held in accounts at PNC Ohio Trust Company in a fiduciary capacity for clients outside of the above-referenced trust accounts.

Of the total shares of common stock reported herein, 4,018 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 Bank, National Association - BK

PNC Delaware Trust Company - BK

PNC Ohio Trust Company - BK

PNC Investments LLC - BD

				Page 9 of 10 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.

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 9, 2024						February 9, 2024
Date						Date
By:		/s/ Gregory H. Kozich				By:		/s/ Joshua Ott
Signature - The 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 9, 2024						February 9, 2024
Date						Date
By:		/s/ Gregory H. Kozich				By:		/s/ John Shockley
Signature PNC Bank, National Association						Signature PNC Ohio Trust Company
Gregory H. Kozich, Executive Vice President & Controller						John Shockley, President
Name & Title						Name & Title
February 9, 2024
Date
By:		/s/ Richard R. Guerrini
Signature PNC Investments LLC
Richard R. Guerrini, President & CEO
Name & Title

AN AGREEMENT TO FILE A JOINT STATEMENT

IS INCLUDED HEREWITH AS EXHIBIT A