Crocs CFO granted 44,222 RSUs in stock award
REAGAN PATRAIC reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
REAGAN PATRAIC reported acquisition or exercise transactions in this Form 4 filing.
Crocs, Inc. reported that EVP and Chief Financial Officer Patraic Reagan received a grant of 44,222 restricted stock units (RSUs) of common stock under the company’s 2020 Equity Incentive Plan. Following this award, he directly holds 89,594 shares or share-equivalents.
The award includes time-based and performance-based RSUs. 8,042 RSUs vest in three equal annual installments on March 10, 2027, 2028 and 2029. Up to 16,080 additional RSUs vest in three equal annual installments starting on a 2027 date when the compensation committee certifies that specified performance metrics are achieved. Up to 20,100 RSUs vest on a 2029 date when the committee certifies that further performance metrics are achieved, in each case subject to Reagan’s continued employment through the applicable vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 44,222 | $0.00 | $0.00 |
Footnotes (1)
- 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.
FAQ
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