Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION

v3.19.2
STOCK-BASED COMPENSATION
3 Months Ended
Mar. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION

Certain Company employees participate in the VF amended and restated 1996 Stock Compensation Plan. The following disclosures of stock-based compensation activity are based on grants related directly to Company employees.

During the three months ended March 2019, VF granted stock options to the Company's employees to purchase 4,036 shares of
VF's common stock at a weighted average exercise price of $82.38 per share. The exercise price of each option granted was equal to the fair market value of VF's common stock on the date of grant. Employee stock options vest in equal annual installments over three years.

The grant date fair value of each option award is calculated using a lattice option-pricing valuation model, which incorporates the following assumptions for inputs:

 
 
Three Months Ended March 2019
 
Expected volatility
 
25% to 27%
 
Weighted average expected volatility
 
26%
 
Expected term (in years)
 
6.1 to 7.5
 
Weighted average dividend yield
 
2.5%
 
Risk-free interest rate
 
2.5% to 2.8%
 
Weighted average fair value at date of grant
 
$18.13