DECK Form 4: Director David Powers Withholds 15,824 Shares for Taxes
David Powers, a director of Deckers Outdoor Corp (DECK), reported a change in his beneficial ownership on 08/15/2025.
Rhea-AI Filing Summary
David Powers, a director of Deckers Outdoor Corp (DECK), reported a change in his beneficial ownership on 08/15/2025. The filing shows 15,824 shares were disposed under transaction code F (shares withheld to satisfy tax withholding) tied to the vesting of one-third of restricted stock units granted on 08/15/2022 and 08/15/2023. After the withholding, Mr. Powers is reported to beneficially own 151,587 shares. The filing also notes forfeitures of restricted stock units and long-term performance awards granted on 08/15/2023 in connection with his retirement. The Form 4 was signed on behalf of Mr. Powers by an attorney-in-fact on 08/19/2025.
Positive
- Timely and clear Section 16 reporting showing the disposition and remaining beneficial ownership
- Explanation provided that shares were withheld for tax obligations tied to RSU vesting, clarifying the nature of the transaction
- Disclosure of forfeitures related to retirement, which enhances transparency around executive compensation changes
Negative
- Reduction in reported holdings by 15,824 shares which decreases the director's direct stake to 151,587 shares
- Forfeiture of 2023 RSUs and performance awards related to retirement, indicating a change in long-term incentive realization
Insights
TL;DR: Routine tax-withholding disposition of vested RSUs; reduces reported shares but reflects governance compliance and retirement-related award adjustments.
The Form 4 discloses a standard withholding action (code F) for tax obligations when RSUs vested, resulting in a reported disposition of 15,824 shares on 08/15/2025. The post-transaction beneficial ownership is 151,587 shares. The filing explicitly states forfeitures of awards from 08/15/2023 tied to Mr. Powers' retirement, which may modestly affect his long-term equity exposure. The disclosure is precise and timely, executed by an attorney-in-fact, indicating procedural adherence to Section 16 reporting rules.
TL;DR: Clear insider reporting of RSU vesting and tax-withholding; retirement-related forfeitures are documented.
The filing provides transparent details on the mechanics behind the share reduction: shares were withheld to satisfy tax withholding for vested RSUs granted in 2022 and 2023. It also documents forfeitures of RSUs and performance awards granted 08/15/2023 due to retirement, which is an important governance disclosure regarding executive compensation outcomes. All required information appears included and the Form 4 was duly signed by an authorized representative.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 15,824 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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 and August 15, 2023 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.
- F2. Reflects forfeitures of restricted stock units and long-term performance based awards granted on August 15, 2023 in connection with Mr. Powers' retirement.
FAQ
What transaction did David Powers report on Form 4 for DECK?
Who signed the Form 4 and when was it signed?
AI-generated analysis. How Rhea-AI works. Not financial advice.