Deckers (DECK) Form 4: Executive Receives Time-Based and Performance RSUs

Rhea-AI Filing Summary

Anne Spangenberg, an officer of Deckers Outdoor Corp (DECK), reported equity changes on 08/15/2025. She had 1,866 shares withheld to satisfy tax withholding related to the vesting of restricted stock units granted in 2023 and 2024, reducing issued shares by that amount. The filing shows the addition of 7,770 Time-Based Restricted Stock Units (vesting 33.33% on 8/15/2026, 33.33% on 8/15/2027 and 33.34% on 8/15/2028) and 23,098 Long-Term Incentive Performance RSUs (maximum potential vesting). Following these transactions, Spangenberg beneficially owned 86,035 shares.

Positive

• Reported grant of 23,098 LTIP Performance RSUs (maximum potential vesting) which increases potential long-term alignment with shareholders
• Reported grant of 7,770 Time-Based RSUs with explicit multi-year vesting schedule (8/15/2026, 8/15/2027, 8/15/2028)
• Beneficial ownership increased to 86,035 shares following the reported transactions

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine executive equity compensation with withholding for taxes and new RSU grants increases potential future ownership.

The Form 4 documents standard equity-compensation-related activity for an executive officer. Withholding of 1,866 shares satisfied tax obligations from restricted stock unit vesting; this is administrative and reduces immediately issued shares but does not indicate an open-market sale for cash. The report also records grants: 7,770 Time-Based RSUs with multi-year vesting schedules and 23,098 LTIP Performance RSUs shown as maximum possible vesting. These grants increase potential future dilution modestly and raise the reporting person’s potential stake to 86,035 shares, but they are contingent on service and performance conditions.

Corporate Governance Expert

TL;DR: Disclosure is consistent with standard governance practices for executive awards and tax withholding.

The filing provides clear explanations for withheld shares and vesting schedules, referencing the 2015 Stock Incentive Plan and the 2024 Stock Incentive Plan for Time-Based RSUs. The LTIP Performance RSUs are disclosed with maximum potential amounts and a reference to an exhibit for additional details, which is appropriate for complex performance awards. No departures from typical disclosure norms are evident in the form’s content.

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^*

Spangenberg Anne

(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)
	President, Fashion Lifestyle

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		1,866	D	$0	55,167	D
Common Stock(2)	08/15/2025		A		7,770	A	$0	62,937	D
Common Stock (Long-Term Incentive Performance Based RSUs)(3)	08/15/2025		A		23,098(4)	A	$0	86,035	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, 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 Anne Spangenberg 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 Anne Spangenberg report on Form 4 for DECK?

The Form 4 reports 1,866 shares withheld for tax withholding, 7,770 Time-Based RSUs granted, and 23,098 LTIP Performance RSUs granted on 08/15/2025.

How many shares does Anne Spangenberg beneficially own after the reported transactions?

Following the transactions, the filing shows 86,035 shares beneficially owned.

What are the vesting terms for the Time-Based RSUs reported?

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 requirements.

Why were 1,866 shares withheld according to the filing?

Those shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units on 08/15/2025.

Are the LTIP Performance RSU amounts guaranteed?

No; the filing states the 23,098 figure is the maximum number that may vest and refers to an exhibit for additional information.