Deckers (DECK) Chief Supply Chain Officer Receives Time-Based and Performance RSUs
Rhea-AI Filing Summary
Angela Ogbechie, Chief Supply Chain Officer of Deckers Outdoor Corporation (DECK), reported changes in her beneficial ownership on 08/15/2025. The filing shows 1,504 common shares were withheld to satisfy tax withholding related to the vesting of previously granted restricted stock units. On the same date she was granted 4,273 Time-Based Restricted Stock Units that vest in three equal tranches on 08/15/2026, 08/15/2027, and 08/15/2028, and 12,704 performance-based LTIP RSUs (maximum potential payout) subject to performance conditions. Post-transaction beneficial ownership figures reported are 18,476, 22,749, and 35,453 shares for the respective line items. The Form 4 was signed by an attorney-in-fact on 08/19/2025.
Positive
- New equity grants (4,273 Time-Based RSUs and up to 12,704 Performance RSUs) align executive incentives with shareholder value
- Structured vesting over multi-year periods supports retention (Time-Based RSUs vest 33.33%/33.33%/33.34%)
Negative
- 1,504 shares withheld to satisfy tax obligations reduced the immediate net share issuance to the reporting person
- Performance criteria not disclosed in the Form 4; the actual payout for the 12,704 LTIP RSUs depends on Exhibit 99 details
Insights
TL;DR Insider received standard time-based and performance equity grants while some vested RSUs were withheld for taxes; routine executive compensation activity.
These transactions reflect common compensation mechanics: tax-withholding on vested restricted stock and new grants aimed at aligning executive incentives with shareholder outcomes. The Time-Based RSUs vest over three years contingent on continued service. The performance RSUs list the maximum potential units but the filing references an exhibit for further details on performance metrics, so the materiality of the performance award depends on criteria not contained in this Form 4.
TL;DR Grants total 16,977 RSUs (time-based plus maximum LTIP) with staggered vesting and tax withholding; typical retention-oriented package.
The filing reports 4,273 Time-Based RSUs and up to 12,704 LTIP performance RSUs awarded on 08/15/2025, and 1,504 shares withheld from vested RSUs to satisfy taxes. Time-Based RSUs settle in common stock upon vesting. Without the LTIP performance criteria (provided in Exhibit 99), the payout probability and potential dilution cannot be assessed from this Form 4 alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,504 | $0.00 | -- |
| Grant/Award | Common Stock | 4,273 | $0.00 | -- |
| Grant/Award | Common Stock (Long-Term Incentive Performance-Based RSUs) | 12,704 | $0.00 | -- |
Footnotes (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. 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. Refer to Exhibit 99 for additional information. The amounts listed are the maximum number of LTIP Performance RSUs that may vest.
