DECK insider filing: Garcia reports RSU vesting, tax withholding and new awards

Rhea-AI Filing Summary

Thomas Garcia, Chief Administrative Officer of Deckers Outdoor Corp (DECK), reported routine equity activity dated 08/15/2025. On that date 2,576 shares were withheld to satisfy tax withholding tied to vesting of prior restricted stock units, leaving him with 54,235 shares reported prior to additional grants. He was credited with 5,827 Time-Based RSUs (vesting in thirds on 8/15/2026, 8/15/2027 and 8/15/2028) and 17,324 LTIP Performance-Based RSUs (maximum potential vesting), increasing beneficial ownership figures to 60,062 and 77,386 shares respectively. The Time-Based RSUs settle in common stock if service conditions are met. The Form 4 was signed on behalf of Garcia by an attorney-in-fact on 08/19/2025.

Positive

• Clear disclosure of tax-withholding and vesting schedules improves transparency for investors
• Time-Based RSUs with multi-year vesting indicate alignment of executive incentives with long-term performance
• LTIP Performance RSUs reported at maximum potential show upside is tied to performance conditions

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive equity vesting and awards; this is compensation-related with limited immediate market impact.

The reported transactions are standard for executive compensation: tax-withheld shares from vested RSUs and new Time-Based and performance-based RSU awards. The Time-Based RSUs vest over three years (one-third annually beginning 8/15/2026) and will convert to common stock upon satisfying service conditions, while the LTIP Performance RSUs are reported at their maximum potential. These changes adjust Garcia's beneficial ownership counts but do not indicate sales or cash proceeds and therefore are unlikely to directly affect near-term liquidity or signal a change in corporate strategy.

Corporate Governance Expert

TL;DR: Disclosure reflects standard governance practice for executive awards and proper Section 16 reporting.

The Form 4 provides clear disclosure of RSU vesting, tax withholding, and award mechanics, which aligns with good disclosure practices for insider transactions. The Time-Based RSU vesting tied to continuous service underscores retention incentives. The LTIP Performance RSUs are disclosed as maximum potential amounts and will require performance/service confirmation to vest. No departures, option exercises for cash, or sales were disclosed, suggesting no immediate governance or insider-activity concerns.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garcia Thomas

(Last) (First) (Middle)

250 COROMAR DRIVE

(Street)

GOLETA CA 93117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DECKERS OUTDOOR CORP [ DECK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	08/15/2025		F		2,576	D	$0	54,235	D
Common Stock(2)	08/15/2025		A		5,827	A	$0	60,062	D
Common Stock (Long-Term Incentive Performance-Based RSUs)(3)	08/15/2025		A		17,324(4)	A	$0	77,386	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax witholding obligations incident to the vesting on August 15, 2025 of one-third of the restricted stock units previously granted to the Reporting Person on August 15, 2022, August 15, 2023 and August 15, 2024 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.

2. The Time-Based Restricted Stock Units (the Time-Based RSUs) were granted pursuant to the Issuer's 2024 Stock Incentive Plan. The Time-Based RSUs vest as to 33.33% of the underlying shares on 8/15/2026, 33.33% on 8/15/2027, and 33.34% on 8/15/2028, subject to the satisfaction of continuous service requirements. At the time that continuous service requirements cease to be met, no further vesting will occur and the remaining Time-Based RSUs will not be earned. The Time-Based RSUs will be settled in the Issuer's common stock upon satisfaction of the vesting conditions.

3. Refer to Exhibit 99 for additional information.

4. The amounts listed are the maximum number of LTIP Performance RSUs that may vest.

Remarks:

	/s/ Lisa Bereda for Thomas Garcia as Attorney in Fact	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Thomas Garcia (DECK) report on Form 4 dated 08/15/2025?

He reported 2,576 shares withheld for tax obligations, an addition of 5,827 Time-Based RSUs, and 17,324 LTIP Performance RSUs (maximum potential).

How do the Time-Based RSUs granted to Garcia vest?

The Time-Based RSUs vest 33.33% on 8/15/2026, 33.33% on 8/15/2027, and 33.34% on 8/15/2028, subject to continuous service.

Did Garcia sell any DECK shares or receive cash proceeds in these transactions?

No sale or cash proceeds were reported; the Form 4 shows shares withheld for tax and awards granted, not dispositions for cash.

What is the reported beneficial ownership after these transactions?

The filings list beneficial ownership figures of 54,235, 60,062, and 77,386 shares tied to different reported items and award types.

When was the Form 4 signed and filed for these transactions?

The Form 4 was signed on behalf of Thomas Garcia by an attorney-in-fact on 08/19/2025.