Crocs EVP granted 44,222 RSUs in Form 4
Crocs, Inc. executive vice president and chief brand officer Terence Reilly reported equity compensation changes.
Rhea-AI Filing Summary
Crocs, Inc. executive vice president and chief brand officer Terence Reilly reported equity compensation changes. He received a grant of 44,222 restricted stock units (RSUs) under the 2020 Equity Incentive Plan, which vest in stages through performance and time-based conditions extending to 2029.
The filing also shows a disposition of 3,588 RSUs back to the issuer because related performance metrics were not achieved, and 1,691 shares of common stock were withheld at $80.40 per share to cover tax obligations upon RSU vesting. After these transactions, Reilly directly holds 112,351 shares of Crocs common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 3,588 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,691 | $80.40 | $136K |
| Grant/Award | Common Stock | 44,222 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents 44,222 restricted stock units (RSUs) granted to the reporting person under the issuer's 2020 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest as follows: (i) 8,042 of the RSUs vest in three equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029, (ii) up to 16,080 of the RSUs vest in three equal annual installments beginning on the date in 2027 that the issuer's compensation committee certifies that certain performance metrics are achieved and (iii) up to 20,100 of the RSUs vest on the date in 2029 that the issuer's compensation committee certifies that certain performance metrics are achieved, provided, in each case, that the reporting person remains employed by the issuer as of each applicable vesting date.
- F2. Represents the restricted stock units that were cancelled as certain performance metrics relating to the vesting of such awards were not achieved.
- F3. Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
FAQ
What equity award did Crocs (CROX) executive Terence Reilly receive?
How do the new Crocs (CROX) RSUs for Terence Reilly vest?
Why were 3,588 Crocs (CROX) restricted stock units cancelled for Terence Reilly?
Are the Crocs (CROX) Form 4 transactions open-market buys or sells?
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