Crocs (CROX) EVP granted RSUs while shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crocs, Inc. executive Rupert George Campbell, EVP and President of HEYDUDE, reported equity compensation and related adjustments in company stock. He received a grant of 38,695 restricted stock units (RSUs) under the 2020 Equity Incentive Plan, each representing one share of common stock, with vesting tied to future service and performance certification dates through 2029.
To cover tax withholding obligations upon RSU vesting, 987 shares at $82.91 and 564 shares at $80.40 were withheld by Crocs. In addition, 1,255 RSUs were cancelled because certain performance metrics for those awards were not achieved and the shares were returned to the issuer. After these transactions, Campbell directly holds 71,218 shares of Crocs common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Campbell Rupert George
Role
EVP, President of HEYDUDE
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,255 | $0.00 | -- |
| Tax Withholding | Common Stock | 564 | $80.40 | $45K |
| Grant/Award | Common Stock | 38,695 | $0.00 | -- |
| Tax Withholding | Common Stock | 987 | $82.91 | $82K |
Holdings After Transaction:
Common Stock — 71,782 shares (Direct)
Footnotes (1)
- Represents 38,695 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) 7,037 of the RSUs vest in three equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029, (ii) up to 14,070 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 17,588 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. Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award. Represents the restricted stock units that were cancelled as certain performance metrics relating to the vesting of such awards were not achieved.
FAQ
What did Crocs (CROX) EVP Rupert Campbell report in this Form 4?
Rupert Campbell reported an RSU equity grant and related adjustments in Crocs stock. He received 38,695 restricted stock units, had shares withheld to cover tax obligations, and saw some RSUs cancelled when performance conditions were not met, leaving him with 71,218 shares.
How many RSUs did Rupert Campbell receive from Crocs (CROX)?
Rupert Campbell received 38,695 restricted stock units from Crocs under its 2020 Equity Incentive Plan. Each RSU equals one share of common stock, with tranches vesting between 2027 and 2029 based on continued employment and the compensation committee certifying performance metrics.
How do the new Crocs (CROX) RSUs for Campbell vest over time?
The 38,695 RSUs vest in several performance- and time-based tranches. One portion vests in three equal annual installments beginning March 10, 2027, while other portions vest after the compensation committee certifies that specific performance metrics have been achieved in 2027 and 2029.
Were any of Rupert Campbell’s Crocs (CROX) RSUs cancelled in this filing?
Yes, the Form 4 notes cancellation of restricted stock units. The cancelled RSUs represent awards tied to performance metrics that were not achieved, resulting in a disposition of 1,255 shares back to the issuer and reducing the number of units eligible to vest in the future.