Crocs (NASDAQ: CROX) director receives 1,252-share RSU grant
Rhea-AI Filing Summary
HUGHES CHARISSE FORD reported acquisition or exercise transactions in this Form 4 filing.
Crocs, Inc. director Charisse Ford Hughes received an equity award of 1,252 shares of common stock equivalent as compensation. The award is structured as restricted stock units granted at no cash cost per unit. After this grant, her direct holdings total 16,703 shares of Crocs common stock.
The RSUs vest upon the earlier of her separation from the Board of Directors or a change in control of Crocs. Each restricted stock unit represents the right to receive one share of common stock in the future, reflecting standard non-employee director compensation under the company’s Board of Directors Compensation Plan.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with modest size and no cash outlay.
Non-employee director Charisse Ford Hughes received 1,252 restricted stock units as her annual equity grant under the Board of Directors Compensation Plan. The grant carries a zero-dollar exercise price and converts one-for-one into common shares upon vesting conditions.
The vesting triggers are either separation from the Board or a change in control of Crocs, Inc.. After this award, she directly holds 16,703 shares. The scale and structure align with typical director compensation and do not indicate discretionary buying or selling activity in the open market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,252 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the annual equity grant to non-employee directors pursuant to the issuer's Board of Directors Compensation Plan. In lieu of a common stock grant, the reporting person elected to receive her annual equity award as restricted stock units that vest upon the earlier of the reporting person's separation of service from the Board of Directors or a change in control of the issuer. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.