Skechers (SKX) CFO Files Form 4; 42,427 Shares Added, Delinquent Correction
Rhea-AI Filing Summary
John M. Vandemore, Chief Financial Officer of Skechers U.S.A., Inc. (SKX), reported an acquisition of 42,427 shares of Class A common stock on 02/11/2025 at a reported price of $0. After accounting for this transaction and an adjustment described in the filing, Mr. Vandemore beneficially owned 145,809 shares as of the filing date. The filing notes this Form 4 corrects a previously delinquent transaction that was not reported on earlier filings and explains a 70-share deduction the reporting person could not reconcile. The Form 4 is signed by John Vandemore with a signature date of 09/04/2025.
Positive
- Timely correction of a previously delinquent transaction via this Form 4 improves public disclosure and regulatory compliance.
- Insider acquisition of 42,427 shares aligns insider ownership with company interests, increasing beneficial ownership to 145,809 shares.
Negative
- Delinquent transaction required correction, indicating prior late reporting.
- Unexplained 70-share discrepancy remains in the filing and is not reconciled in the disclosure.
Insights
TL;DR: Routine officer stock acquisition disclosed; correction for a delinquent report and a small unexplained 70-share discrepancy noted.
The filing documents a non-derivative acquisition of 42,427 Class A shares by the company CFO, reported as having no purchase price recorded ($0). The submission serves both as current disclosure and a corrective filing for a previously delinquent transaction, improving regulatory compliance transparency. The unexplained 70-share deduction is immaterial in isolation but should be reconciled internally to avoid future reporting ambiguities.
TL;DR: Disclosure addresses late reporting and updates beneficial ownership to 145,809 shares; no apparent material change to control.
The Form 4 updates beneficial ownership and records the acquisition date of 02/11/2025. The $0 price entry suggests the shares may have been granted, transferred, or otherwise recorded without a cash purchase price; however, the filing contains no further detail. The corrective language and signature dated 09/04/2025 indicate remediation of prior reporting omissions.