Deckers director receives 535 phantom stock units

Deckers Outdoor director Bonita C. Stewart received a quarterly equity award equivalent to 535 shares, increasing her reported direct equity position to 43,638 shares.

Rhea-AI Filing Summary

DECKERS OUTDOOR CORP (symbol: DECK) is the issuer of record for a Form 4 filing submitted to the SEC. Stewart Bonita C. reported acquisition or exercise transactions in this Form 4 filing.

DECKERS OUTDOOR CORP (DECK) reported that director Bonita C. Stewart received an equity-based award equivalent to 535 shares of common stock on September 1, 2026, as a grant under the company's Board of Directors compensation plan. Under the deferred stock unit plan, she deferred the shares and instead received 535 phantom units, each representing the right to receive one share of common stock in the future. Following this award, her directly owned equity-equivalent position reported in this filing is 43,638 shares. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 535 shares

Grant/Award 1 txn

Insider Stewart Bonita C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	535	$0.00	$0.00

Holdings After Transaction: Common Stock — 43,638 shares (Direct)

Footnotes (2)

1. F1. Quarterly shares issued pursuant to the Compensation Plan for the Company's Board of Directors.
2. F2. Pursuant to DECK's deferred stock unit plan, Ms. Bonita Stewart deferred receipt of the shares of common stock and received instead phantom units. Each phantom unit represents a right to receive one share of common stock.

Key Figures

Equity award: 535 shares (phantom units) Post-transaction holdings: 43,638 shares Transaction price per share: $0.00 per share +1 more

4 metrics

Equity award 535 shares (phantom units) Quarterly director compensation grant on September 1, 2026

Post-transaction holdings 43,638 shares Direct equity-equivalent position reported after the grant

Transaction price per share $0.00 per share Compensation-related grant, no cash price paid by the director

Number of transactions reported 1 transaction Single grant/award acquisition on this Form 4

Key Terms

phantom units, deferred stock unit plan, Compensation Plan

3 terms

phantom units financial

"received instead phantom units. Each phantom unit represents a right"

Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.

deferred stock unit plan financial

"Pursuant to DECK's deferred stock unit plan, Ms. Bonita Stewart"

A deferred stock unit plan grants employees or executives hypothetical share units that convert into actual shares or cash at a future date, often after meeting conditions like continued employment or retirement. It matters to investors because it ties pay to long-term performance and creates a future claim on the company’s stock or cash, which can dilute existing shareholders or signal management’s confidence in future value — like a delayed bonus paid in ownership.

Compensation Plan financial

"Quarterly shares issued pursuant to the Compensation Plan for the Company's Board"

FAQ

What insider transaction did DECK director Bonita C. Stewart report on this Form 4 for DECK?

She reported an equity-based award equivalent to 535 shares of Deckers Outdoor common stock on September 1, 2026, granted under the Board of Directors compensation plan and structured as deferred phantom units.

How many DECK shares does Bonita C. Stewart hold after the reported transaction?

After the reported award, Bonita C. Stewart’s directly owned equity-equivalent position is 43,638 shares of Deckers Outdoor common stock, as disclosed in the filing’s post-transaction holdings field.

Was the DECK Form 4 transaction by Bonita C. Stewart a purchase or a sale?

It was an acquisition of equity-based compensation, coded as a grant or award of 535 common stock equivalents. There were no sales reported in this Form 4.

What does it mean that Bonita C. Stewart received phantom units from DECK?

Under Deckers Outdoor’s deferred stock unit plan, she deferred the actual shares and instead received phantom units. Each phantom unit represents a contractual right to receive one share of common stock at a future time, rather than immediate share delivery.

Was Bonita C. Stewart’s DECK Form 4 transaction under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, so this award of 535 phantom units was not reported as made pursuant to a Rule 10b5-1 trading plan.

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Available on EDGAR 09/02/2026 - 05:19 PM Accepted by SEC EDGAR 09/02/2026 - 05:18 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Stewart Bonita C.

(Last) (First) (Middle)

250 COROMAR DRIVE

(Street)

GOLETA CALIFORNIA 93117

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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	09/01/2026		A		535(1)(2)	A	$0	43,638	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. Quarterly shares issued pursuant to the Compensation Plan for the Company's Board of Directors.

2. Pursuant to DECK's deferred stock unit plan, Ms. Bonita Stewart deferred receipt of the shares of common stock and received instead phantom units. Each phantom unit represents a right to receive one share of common stock.

Remarks:

	/s/ Lisa Bereda for Bonita C. Stewart as Attorney in Fact	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)