John Vandemore - 10 Mar 2023 Form 4 Insider Report for SKECHERS USA INC (SKX)

Role: Chief Financial Officer
Signature: John Vandemore
Issuer symbol: SKX
Transactions as of: 10 Mar 2023
Transactions value $: $0
Form type: 4
Filing time: 14 Mar 2023, 19:23:43 UTC
Previous filing: 03 Mar 2023
Next filing: 05 Sep 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKX	Class A Common Stock	Award	$0	+30.1K	+31.39%	$0.00	126K	10 Mar 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 31,400 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.

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 31,400 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.