Skechers Insider Report: 15,000 RSUs and ESPP Purchase Update

Rhea-AI Filing Summary

Philip Paccione, General Counsel & Secretary of Skechers U.S.A. (SKX), reported equity transactions affecting his beneficial ownership. The Form 4 discloses an award of 15,000 restricted stock units granted on 02/12/2025, each unit representing a contingent right to one share of Class A common stock that vests on March 1, 2027. After accounting for a separate 392-share acquisition under the company Employee Stock Purchase Plan, the filing reports total beneficial ownership of 30,392 shares as of the filing date. The filing notes the reported total reflects an adjustment to correct a previously unreported transaction from a Form 4 filed March 4, 2025.

Positive

• 15,000 restricted stock units granted as long-term, time-vested compensation (vesting March 1, 2027)
• Employee Stock Purchase Plan participation: 392 shares acquired, indicating management purchase activity
• Correction of prior reporting improves transparency by adjusting previously reported beneficial ownership

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider received long-dated restricted stock units and corrected prior reporting; this is routine compensation and disclosure housekeeping.

The award of 15,000 restricted stock units is a standard form of executive compensation that vests in 2027, aligning executive pay with long-term shareholder outcomes. The additional 392 shares from the Employee Stock Purchase Plan are routine payroll-related acquisitions. The filing also corrects prior reporting, which is important for transparency but does not, by itself, signal a material change to control or corporate strategy. Investors should note that the aggregate beneficial ownership is reported as 30,392 shares following these entries.

Securities Compliance Analyst

TL;DR: Reporting corrects a delinquent transaction and records a time-vested equity grant; compliance remediation noted.

The Form 4 documents a remedial adjustment to previously reported holdings and records a time-based restricted stock unit grant. From a securities compliance perspective, the correction restores accurate Section 16 disclosure. The award carries a vesting date two years after grant, indicating continued retention incentives. No derivative transactions or sales are disclosed in this filing.

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^*

PACCIONE PHILLIP

(Last) (First) (Middle)

228 MANHATTAN BEACH BLVD.

(Street)

MANHATTAN BEACH CA 90266

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SKECHERS USA INC [ SKX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2025

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
Class A Common Stock	02/12/2025		A(1)		15,000	A	$0	30,392(2)(3)	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. Award of restricted stock units vesting on March 1, 2027, with each unit representing a contingent right to receive one share of Class A Common Stock.

2. Includes 392 shares acquired on May 30, 2025 under the Issuer's Employee Stock Purchase Plan.

3. This amount reflects an adjustment to total number of shares beneficially owned as reported by the reporting person on a Form 4 filed on March 4, 2025 after accounting for this delinquent transaction that was not previously reported on a Form 4. This amount represents the total number of shares beneficially owned by the reporting person as of the filing date of this Form 4.

	Philip Paccione	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 equity award did Philip Paccione receive according to the SKX Form 4?

The Form 4 reports an award of 15,000 restricted stock units, each representing a contingent right to one share of Class A common stock, vesting on March 1, 2027.

How many SKX shares does the reporting person beneficially own after these transactions?

The filing reports total beneficial ownership of 30,392 shares following the reported transactions.

Was there any correction or adjustment in this Form 4?

Yes. The reported total reflects an adjustment that accounts for a delinquent transaction not previously reported on a Form 4 filed March 4, 2025.

Did the Form 4 disclose any sales or derivative transactions by the reporting person?

No. The filing shows an acquisition of restricted stock units and ESPP shares and does not disclose any derivative transactions or dispositions.

Does the filing show participation in the company Employee Stock Purchase Plan (ESPP)?

Yes. The filing includes 392 shares acquired under the Issuer's Employee Stock Purchase Plan.