Filing Details
- Accession Number:
- 0001193125-22-035775
- Form Type:
- 13G Filing
- Publication Date:
- 2022-02-10 19:00:00
- Filed By:
- Pnc Financial Services Group, Inc.
- Company:
- V F Corp (NYSE:VFC)
- Filing Date:
- 2022-02-11
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| 116,583 | 38,681,209 | 79,733 | 38,702,319 | 38,800,551 | 9.88 12) Type of Reporting Person (See Instructions) HC CUSIP No. 918204108 Page 2 of 8 Pages 1) Names of Reporting Persons IRS Identification No. Of Above Persons PNC Bancorp, Inc. 51-0326854 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 116,583 6) Shared Voting Power 38,681,209 7) Sole Dispositive Power 79,733 8) Shared Dispositive Power 38,702,319 9) Aggregate Amount Beneficially Owned by Each Reporting Person 38,800,551 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) 9.88 12) Type of Reporting Person (See Instructions) HC CUSIP No. 918204108 Page 3 of 8 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 116,583 6) Shared Voting Power 38,681,209 7) Sole Dispositive Power 79,733 8) Shared Dispositive Power 38,702,319 9) Aggregate Amount Beneficially Owned by Each Reporting Person 38,800,551 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) 9.88 12) Type of Reporting Person (See Instructions) BK CUSIP No. 918204108 Page 4 of 8 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 529 6) Shared Voting Power 1,383,220 7) Sole Dispositive Power 417 8) Shared Dispositive Power 1,383,264 9) Aggregate Amount Beneficially Owned by Each Reporting Person 1,383,749 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions 11) Percent of Class Represented by Amount in Row (9) 0.35 12) Type of Reporting Person (See Instructions) BK CUSIP No. 918204108 Page 5 of 8 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 1,944 7) Sole Dispositive Power 1,944 8) Shared Dispositive Power 377 9) Aggregate Amount Beneficially Owned by Each Reporting Person 2,321 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 8 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 Bancorp, 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 Bancorp, Inc. - 222 Delaware Avenue, Wilmington, DE 19801 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 Bancorp, Inc. - Delaware 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 8 Pages ITEM 4 - OWNERSHIP The following information is as of December 31, 2021 (a) Amount Beneficially Owned 38,800,551 (b) Percent of Class 9.88 (c) Number of shares to which such person has (i) sole power to vote or to direct the vote 116,583 (ii) shared power to vote or to direct the vote 38,681,209 (iii) sole power to dispose or to direct the disposition of 79,733 (iv) shared power to dispose or to direct the disposition of 38,702,319 Of the total shares of common stock reported herein, 38,679,265 shares (9.85% | |
| 116,583 | 38,681,209 | 79,733 | 38,702,319 | 38,800,551 | ||
| 116,583 | 38,681,209 | 79,733 | 38,702,319 | 38,800,551 | ||
| 529 | 1,383,220 | 417 | 1,383,264 | 1,383,749 | ||
| 0 | 1,944 | 1,944 | 377 | 2,321 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 86)
V.F. Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
918204108
(CUSIP Number)
December 31, 2021
(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 1 of 8 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
116,583 | ||||
| 6) | Shared Voting Power
38,681,209 | |||||
| 7) | Sole Dispositive Power
79,733 | |||||
| 8) | Shared Dispositive Power
38,702,319 | |||||
| 9) | Aggregate Amount Beneficially Owned by Each Reporting Person
38,800,551 | |||||
| 10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions
☐ | |||||
| 11) | Percent of Class Represented by Amount in Row (9)
9.88 | |||||
| 12) | Type of Reporting Person (See Instructions)
HC | |||||
| CUSIP No. 918204108 | Page 2 of 8 Pages |
| 1) | Names of Reporting Persons IRS Identification No. Of Above Persons
PNC Bancorp, Inc. 51-0326854 | |||||
| 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
116,583 | ||||
| 6) | Shared Voting Power
38,681,209 | |||||
| 7) | Sole Dispositive Power
79,733 | |||||
| 8) | Shared Dispositive Power
38,702,319 | |||||
| 9) | Aggregate Amount Beneficially Owned by Each Reporting Person
38,800,551 | |||||
| 10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions
☐ | |||||
| 11) | Percent of Class Represented by Amount in Row (9)
9.88 | |||||
| 12) | Type of Reporting Person (See Instructions)
HC | |||||
| CUSIP No. 918204108 | Page 3 of 8 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
116,583 | ||||
| 6) | Shared Voting Power
38,681,209 | |||||
| 7) | Sole Dispositive Power
79,733 | |||||
| 8) | Shared Dispositive Power
38,702,319 | |||||
| 9) | Aggregate Amount Beneficially Owned by Each Reporting Person
38,800,551 | |||||
| 10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions
☐ | |||||
| 11) | Percent of Class Represented by Amount in Row (9)
9.88 | |||||
| 12) | Type of Reporting Person (See Instructions)
BK | |||||
| CUSIP No. 918204108 | Page 4 of 8 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
529 | ||||
| 6) | Shared Voting Power
1,383,220 | |||||
| 7) | Sole Dispositive Power
417 | |||||
| 8) | Shared Dispositive Power
1,383,264 | |||||
| 9) | Aggregate Amount Beneficially Owned by Each Reporting Person
1,383,749 | |||||
| 10) | Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions
☐ | |||||
| 11) | Percent of Class Represented by Amount in Row (9)
0.35 | |||||
| 12) | Type of Reporting Person (See Instructions)
BK | |||||
| CUSIP No. 918204108 | Page 5 of 8 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
1,944 | |||||
| 7) | Sole Dispositive Power
1,944 | |||||
| 8) | Shared Dispositive Power
377 | |||||
| 9) | Aggregate Amount Beneficially Owned by Each Reporting Person
2,321 | |||||
| 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 8 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 Bancorp, 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 Bancorp, Inc. - 222 Delaware Avenue, Wilmington, DE 19801
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 Bancorp, Inc. - Delaware
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 8 Pages |
ITEM 4 - OWNERSHIP:
The following information is as of December 31, 2021:
| (a) Amount Beneficially Owned: | 38,800,551 | |||
| (b) Percent of Class: | 9.88 | |||
| (c) Number of shares to which such person has: | ||||
| (i) sole power to vote or to direct the vote | 116,583 | |||
| (ii) shared power to vote or to direct the vote | 38,681,209 | |||
| (iii) sole power to dispose or to direct the disposition of | 79,733 | |||
| (iv) shared power to dispose or to direct the disposition of | 38,702,319 | |||
Of the total shares of common stock reported herein, 38,679,265 shares (9.85% 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 38,679,265 shares.
Of the total shares of common stock reported herein, 118,436 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, 529 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, 2,321 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 8 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 11, 2022 | February 11, 2022 | |||
| Date | Date | |||
| By: /s/ Gregory H. Kozich | By: /s/ Janet Jolles | |||
| Signature - The PNC Financial Services Group, Inc. | Signature PNC Delaware Trust Company | |||
| Gregory H. Kozich, Senior Vice President & Controller | Janet Jolles, Fiduciary Director | |||
| Name & Title | Name & Title | |||
| February 11, 2022 | February 11, 2022 | |||
| Date | Date | |||
| By: /s/ Janet Jolles | By: /s/ Richard R. Guerrini | |||
| Signature - PNC Bancorp, Inc. | Signature PNC Investments LLC | |||
| Janet Jolles, Chairman & President | Richard R. Guerrini, President & CEO | |||
| Name & Title | Name & Title | |||
| February 11, 2022 | ||||
| Date | ||||
| By: /s/ Gregory H. Kozich | ||||
| Signature PNC Bank, National Association | ||||
| Gregory H. Kozich, Executive Vice President & Controller | ||||
| Name & Title | ||||
AN AGREEMENT TO FILE A JOINT STATEMENT WAS PREVIOUSLY FILED