Crocs director receives new stock awards
SMACH THOMAS J reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
SMACH THOMAS J reported acquisition or exercise transactions in this Form 4 filing.
Crocs, Inc. director Thomas J. Smach received equity compensation in the form of common stock. He was granted 1,291 shares directly and 2,817 shares to a trust under the Board of Directors Compensation Plan, electing restricted stock instead of cash retainers. After these awards, he holds 90,249 shares directly and 111,063 shares indirectly via a trust, plus additional indirect holdings through his spouse and a child, with beneficial ownership of the child’s shares disclaimed except for any pecuniary interest.
Insider Trade Summary
Grant/Award: 4,108 shares
Grant/Award
4 txns
Insider
SMACH THOMAS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,817 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,291 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 111,063 shares (Indirect, By Trust);
Common Stock — 90,249 shares (Direct);
Common Stock — 10,000 shares (Indirect, By Child);
Common Stock — 6,416 shares (Indirect, By Spouse)
Footnotes (4)
- F1. Represents the annual common stock grant to non-employee directors pursuant to the issuer's Board of Directors Compensation Plan.
- F2. The reporting person is a trustee of the THOMAS J. SMACH 1996 REV TRUST & LINDA M. SMACH 1996 REV TRUST TEN COM and exercises voting and investment power for the shares beneficially owned by the trust.
- F3. Pursuant to the issuer's Board of Directors Compensation Plan, the reporting person elected to receive restricted stock in lieu of the cash compensation retainer for Board and committee service. The restricted stock vests in four successive quarterly installments from the issuance date. Upon the vesting of each such installment, the stock will be transferred to the THOMAS J. SMACH 1996 REV TRUST & LINDA M. SMACH 1996 REV TRUST TEN COM.
- F4. These shares are held in the name of the reporting person's child. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.
Key Figures
Direct stock grant: 1,291 shares
Trust stock grant: 2,817 shares
Direct holdings after grant: 90,249 shares
+3 more
6 metrics
Direct stock grant
1,291 shares
Common stock award on 2026-06-09 to Thomas J. Smach
Trust stock grant
2,817 shares
Common stock award on 2026-06-09 to revocable trusts
Direct holdings after grant
90,249 shares
Common stock directly owned following 2026-06-09 awards
Trust holdings after grant
111,063 shares
Common stock held indirectly via revocable trusts after awards
Spouse indirect holdings
6,416 shares
Common stock held indirectly through spouse
Child indirect holdings
10,000 shares
Common stock held in child’s name; beneficial ownership disclaimed
Key Terms
restricted stock, Board of Directors Compensation Plan, non-employee directors, pecuniary interest, +1 more
5 terms
restricted stock financial
"elected to receive restricted stock in lieu of the cash compensation retainer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Board of Directors Compensation Plan financial
"pursuant to the issuer's Board of Directors Compensation Plan"
non-employee directors financial
"Represents the annual common stock grant to non-employee directors"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
pecuniary interest financial
"except to the extent of his pecuniary interest"
trustee financial
"The reporting person is a trustee of the THOMAS J. SMACH 1996 REV TRUST"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crocs (CROX) director Thomas J. Smach report in this Form 4?
Thomas J. Smach reported equity compensation awards in Crocs common stock. He received 1,291 shares directly and 2,817 shares through a trust as part of the Board’s compensation plan, reflecting stock-based retainers rather than open-market share purchases.
What indirect Crocs (CROX) holdings are attributed to Thomas J. Smach via a trust?
An indirect holding of 111,063 Crocs common shares is listed in the name of the THOMAS J. SMACH 1996 and LINDA M. SMACH 1996 revocable trusts. Smach serves as trustee and exercises voting and investment power over these trust-owned shares according to the filing’s footnote disclosure.
What is the nature of the Crocs (CROX) stock awards to Thomas J. Smach?
The awards represent annual common stock grants to a non-employee director under Crocs’ Board of Directors Compensation Plan. Smach elected restricted stock instead of cash retainers, with shares vesting in four quarterly installments and transfers of vested shares to the named revocable trusts.
Do the Crocs (CROX) stock grants to Thomas J. Smach involve cash purchases?
The reported Crocs stock grants do not involve cash purchases. They are compensation awards, with a reported price per share of zero, issued under the Board’s compensation plan as restricted stock in lieu of cash retainers for Board and committee service during the relevant period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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