V F CORP

NOTE 12 —STOCK-BASED COMPENSATION

Incentive Equity Awards Granted

During the three months ended June 2025, VF granted 1,474,178 restricted stock units ("RSUs") to executives that enable them to receive shares of VF Common Stock over afive-year vesting period. The fair market value of VF Common Stock at the date the units were granted was $12.55 per share. These units vest 25% on the second, third, fourth and fifth anniversaries of the grant date. The number of units paid for the portion of the RSUs that vest on the fifth anniversary of the grant date are subject to relative total shareholder return ("TSR") targets set by the Talent and Compensation Committee of the Board of Directors, and will be paid in full or decreased to zero, based on how VF's TSR over thefive-year period compares to the TSR for companies included in the Standard & Poor's 600 Consumer Discretionary Sector Index. The grant date fair value of the TSR-based adjustment related to the RSU grants was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $9.09 per share.

During the three months ended June 2025, VF granted 146,135 nonperformance-based stock units to nonemployee members of the Board of Directors. These units vest upon grant and will be settled in shares of VF Common Stockone year from the date of grant. The fair market value of VF Common Stock at the date the units were granted was $12.55 per share.

In addition, VF granted 4,329,031 nonperformance-based RSUs to employees and executives during the three months ended June 2025. These units generally vest over periods up tofour years from the date of grant and each unit entitles the holder toone share of VF Common Stock. The weighted average fair market value of VF Common Stock at the dates the units were granted was $12.57 per share.