6
|
This amount includes VFs matching contribution under the VF Executive Deferred Savings Plan for fiscal 2019 as
follows: Mr. Rendle, $55,154; Mr. Roe, $39,173; Mr. Baxter, $34,558; and Mr. Bailey, $27,542. For the transition period, this amount includes VFs matching contribution under the VF Executive Deferred Savings Plan as
follows: Mr. Rendle, $143,265; Mr. Roe, $53,954; Mr. Baxter, $50,634; and Mr. Bailey, $15,550. For Messrs. Rendle, Roe, Baxter and Bailey in fiscal 2019, the amount also includes VFs payment of the cost of financial
planning services, and for Messrs. Rendle and Baxter in fiscal 2019 the amount also includes VFs payment of the cost of an annual physical. This amount also includes VFs matching contribution under the VF 401k Plan for fiscal 2019 as
follows: Mr. Rendle, $16,615; Mr. Roe, $11,769; Mr. Baxter, $10,385; and Mr. Bailey, $8,308. For the transition period, this amount also includes VFs matching contribution in the amount of $16,500 under the VF 401k Plan to
each of Messrs. Rendle, Roe, Baxter, and Bailey. For Messrs. Rendle, Roe and Baxter, this amount also includes a tax
gross-up
payment for his financial planning services of $3,559, $3,470 and $2,225,
respectively, in 2019. For Messrs. Rendle and Baxter, this amount also includes a tax
gross-up
payment for his annual physical of $1,560 and $1,388, respectively, in 2019. For Messrs. Rendle, Roe and Baxter,
this amount also includes a relocation expense reimbursement of $514, $20,185 and $49,745, respectively, and a related tax
gross-up
payment in the amount of $208, $11,287 and $40,617, respectively, in 2019.
For Mr. Baxter, this amount also includes a $57,700 transitional allowance in connection with his relocation in 2019, and a $38,850 transitional allowance for the transition period. For Mr. Bailey in fiscal 2019, this amount includes a
cost of living allowance in the amount of $37,693, a housing allowance in the amount of $228,731, a transportation allowance of $13,771, a travel expense reimbursement of $7,805, and estimated foreign (Hong Kong) tax payments of $123,381. For
Mr. Bailey in the transition period, this amount includes a cost of living allowance in the amount of $12,810, a housing allowance in the amount of $56,612, a transportation allowance of $4,601, a travel expense reimbursement of $13,106, and
estimated foreign (Hong Kong) tax payments of $27,109. Certain amounts in this column for Mr. Bailey were paid in Hong Kong dollars and converted to U.S. dollars at the average daily exchange rate for each respective period, as follows: in
2018T, 0.1278 U.S. dollars to the Hong Kong dollar and in 2019, 0.1275 U.S. dollars to the Hong Kong dollar. For Mr. Scabbia Guerrini in fiscal 2019, this amount includes a transportation allowance of $6,057 and a representation allowance of
$24,228. For Mr. Scabbia Guerrini in the transition period, this amount includes a transportation allowance of $1,514 and a representation allowance of $6,054. Amounts in this column for Mr. Scabbia Guerrini were paid in Swiss francs and
converted to U.S. dollars at the average daily exchange rate of 1.0095 U.S. dollars to the Swiss franc. This amount includes use of company aircraft in fiscal 2019 by Mr. Rendle of $137,665 and Mr. Roe of $17,940. For the transition
period, this amount includes use of company aircraft by Mr. Rendle of $33,001. The cost of the personal use of aircraft was calculated based on the aggregate incremental cost to VF based on an hourly charge for VFs aircraft that includes
fuel, maintenance, salaries, ramp fees and landing fees. Family members of executives and their invited guests occasionally fly on VF aircraft as additional passengers on business flights. In those cases, there is no aggregate incremental cost to VF
for the family member or guest, although taxable income is imputed to the individual.
|