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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,866 | $0.00 | -- |
| Grant/Award | Common Stock | 7,770 | $0.00 | -- |
| Grant/Award | Common Stock (Long-Term Incentive Performance Based RSUs) | 23,098 | $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, 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.
