Michael Greenberg - Mar 10, 2023 Form 4 Insider Report for SKECHERS USA INC (SKX)

Role: President, Director
Signature: Michael Greenberg
Stock symbol: SKX
Transactions as of: Mar 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/14/2023, 07:02 PM
Previous filing: Mar 3, 2023
Next filing: Dec 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKX	Class A Common Stock	Award	$0	+62.9K	+16.24%	$0.00	450K	Mar 10, 2023	Direct	F1, F2

* 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-third of the shares vesting on each of March 1, 2024 and the first two 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 65,600 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 three-year period.

Content

Award of restricted shares of Class A Common Stock, with one-third of the shares vesting on each of March 1, 2024 and the first two anniversaries thereof.

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 65,600 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 three-year period.