[Form 4] Deckers Outdoor Corp Insider Trading Activity

Rhea-AI Filing Summary

Victor M Luis, identified as a Director of Deckers Outdoor Corp (DECK), reported a non‑derivative acquisition on 09/02/2025 of 377 shares of common stock at a price of $0. After the transaction he beneficially owns 17,201 shares indirectly through an LLC managed by the filer. The filing states these were quarterly shares issued under the company’s Board Compensation Plan and that Mr. Luis deferred receipt under DECK’s deferred stock unit plan, receiving phantom units that each represent a right to one share of common stock. The Form 4 was signed on behalf of Mr. Luis by an attorney‑in‑fact on 09/04/2025.

Positive

• Shares issued under the Board Compensation Plan, indicating formalized director compensation
• Deferral into phantom units documented, showing use of the company’s deferred stock unit plan

Negative

• None.

Insights

Securities/Equity Analyst

TL;DR: Routine director compensation issued as deferred phantom units; immaterial open‑market impact.

The transaction reflects a standard director compensation issuance rather than a market purchase or sale. 377 shares were recorded as acquired at $0 due to issuance and deferment into phantom units, and total indirect beneficial ownership is 17,201 shares. This is a customary disclosure under Section 16 and does not indicate trading intent or a change in control. For analysts, the filing documents share-based compensation mechanics and the director’s indirect holding via an LLC.

Corporate Governance Expert

TL;DR: Standard compensation disclosure demonstrating use of deferred stock units for board pay.

The Form 4 specifies that the shares were issued quarterly under the Board Compensation Plan and deferred into phantom units, which is a common governance practice to defer tax and align directors' interests with shareholders. The indirect ownership via an LLC is disclosed; no departures, option exercises, or disposals are reported. This filing primarily documents routine governance and compensation administration.

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^*

Luis Victor

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		A		377(1)(2)	A	$0	17,201	I	LLC Managed by Filer

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, Mr. Victor Luis 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 Victor M Luis as Attorney in Fact	09/04/2025
	** 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 transaction did Victor M Luis report on Form 4 for DECK?

He reported acquiring 377 shares of DECK common stock on 09/02/2025 at a reported price of $0.

How many DECK shares does Victor M Luis beneficially own after the reported transaction?

The filing reports 17,201 shares beneficially owned following the reported transaction, held indirectly via an LLC managed by the filer.

Why was the acquisition recorded at a price of $0?

The filing explains these were quarterly shares issued under the company’s Board Compensation Plan and deferred into phantom units, resulting in a reported price of $0.

What are the phantom units mentioned in the filing?

Per the filing, DECK’s deferred stock unit plan converts issued shares into phantom units where each phantom unit represents a right to receive one share of common stock.

When was the Form 4 signed and who signed it?

The Form 4 was signed on behalf of Victor M Luis by Lisa Bereda as attorney‑in‑fact on 09/04/2025.