Skechers Usa SEC Filings

Insider awarded restricted shares and corrected prior ownership totals. The reporting person received an award of 3,000 restricted shares of Class A common stock on 05/24/2024, with one-third vesting on May 1, 2025 and the remaining shares vesting on the next two anniversaries. The amendment corrects a clerical error in earlier reporting: previously reported beneficial ownership figures were misstated as 14,000 shares and later 18,283; the corrected beneficial ownership totals are 13,500 following the award and an aggregate of 17,783 shares as of this filing.

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.

Mark A. Nason, Executive Vice President of Skechers U.S.A. Inc. (SKX), reported an acquisition of 21,213 shares of Class A common stock on the Form 4. The transaction is reported with a price of $0 per share and increases the reporting person’s total beneficial ownership to 36,809 shares after an adjustment noted in the filing.

The filing includes an explanation that the reported total reflects a correction for a delinquent transaction previously omitted from an earlier Form 4 and that 1,169 shares could not be reconciled when comparing current holdings to prior reports.

David Weinberg, Chief Operating Officer and Director of Skechers U.S.A., Inc. (SKX), reported changes in his beneficial ownership on a Form 4. The filing shows an acquisition of 70,712 Class A common shares dated 02/11/2025 and indicates beneficial ownership of 106,378 shares after the reported transactions, with an additional 186,521 shares held through The David Weinberg Trust deemed directly owned. The filing explains an adjustment after a previously delinquent transaction, notes 393 shares acquired under the issuer's ESPP on 05/30/2025, and states a deduction of 1,551 shares that the reporting person could not reconcile with prior reported holdings.

Michael Greenberg, President and Director of Skechers U.S.A., Inc. (SKX), reported acquiring 88,388 shares of Class A common stock on 02/11/2025. The filing shows 226,325 shares beneficially owned following the reported transactions, which includes an additional 402 shares acquired under the issuer's Employee Stock Purchase Plan on 05/30/2025 and a correction of five shares from a prior reporting error. The Form 4 was signed by the reporting person on 09/04/2025 and notes that the 226,325 total reflects an adjustment after accounting for a delinquent transaction that was not previously reported.

Skechers insider reporting: Robert Greenberg, M. Susan Greenberg and the Greenberg Family Trust updated beneficial ownership in a Form 4 for SKX. The filing shows a 02/11/2025 acquisition of 106,066 Class A common shares (reported as an acquisition) bringing total reported beneficial ownership to 157,408 shares for the reporting persons combined. It also records a 01/02/2025 item coded J for 6,696 Class A shares reported as acquired indirectly via the Greenberg Family Trust, reflecting 13,908 shares beneficially owned after adjustment. The filing contains explanations that amounts were adjusted to correct a delinquent transaction and to remove a gift that was never executed. Signatures on the Form 4 are dated 09/04/2025.

Skechers U.S.A., Inc. has a disclosed passive stake: Pentwater Capital Management LP and Matthew Halbower report beneficial ownership of 7,000,000 shares of Class A common stock, representing 5.4% of the class based on 130,289,468 shares outstanding as of May 2, 2025. The shares are held directly by certain Pentwater funds and the filers state the position was acquired and is held in the ordinary course of business and not to influence control of the company. The reporting persons share voting and dispositive power over these shares and certify the accuracy of the filing.

Skechers reported a quarterly sales record of $2.44 billion, a 13.1% increase versus the prior year, driven by international growth and higher selling prices. Gross margin narrowed to 53.3% (down 160 basis points) as higher per-unit costs and increased domestic duties offset price gains. Operating expenses rose 15.4% to $1.13 billion, primarily from higher labor, facility and distribution costs, which reduced operating income to $173.1 million from $206.5 million a year earlier.

The company recorded net earnings of $182.7 million for the quarter and net earnings attributable to Skechers of $170.5 million, with diluted EPS of $1.13. Cash and cash equivalents were $1.377 billion and operating cash flow was $448.2 million for the six months ended June 30, 2025. Capital expenditures were $330.7 million year-to-date, and unused corporate revolver capacity was $614.1 million. The company disclosed a proposed merger providing $63.00 cash per share (or $57.00 plus one Parent unit by mixed election) and recognized $9.3 million of transaction costs in the quarter.