David Weinberg - Feb 1, 2022 Form 4 Insider Report for SKECHERS USA INC (SKX)

Signature
David Weinberg
Stock symbol
SKX
Transactions as of
Feb 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2022, 06:05 PM
Previous filing
Jan 4, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKX Class A Common Stock Award $0 +50K +24.63% $0.00 253K Feb 1, 2022 Direct F1, F2
holding SKX Class A Common Stock 183K Feb 1, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted shares of Class A Common Stock, with one-fourth of the shares vesting on each of March 1, 2023 and the first three anniversaries thereof.
F2 In addition to the shares reported on this Form 4 that vest based on time and continued service with the Issuer, the reporting person also received a performance-based award consisting of an additional 50,000 shares (at "target" performance) that are eligible to vest based on the Issuer satisfying certain performance-based metrics over the next three years. The reporting person may earn between 0% and 200% of the "target" number of shares based on performance relative to the performance objectives during the applicable performance period. The exact number of shares that will be earned based on this performance-based vesting, if any, will be calculated and reported as they vest and the number of shares earned is determined over the next three years.
F3 Shares held by The David Weinberg Trust dated September 7, 2000, of which David Weinberg is sole beneficiary and trustee, and therefore Mr. Weinberg is deemed to own the securities directly.