Filing Details

 

 

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