David Weinberg - Mar 14, 2024 Form 4 Insider Report for SKECHERS USA INC (SKX)

Role
Chief Operating Officer, Director
Signature
David Weinberg
Stock symbol
SKX
Transactions as of
Mar 14, 2024
Transactions value $
-$2,512,564
Form type
4
Date filed
3/15/2024, 06:49 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKX Class A Common Stock Award $0 +41K +41.15% $0.00 141K Mar 14, 2024 Direct F1
transaction SKX Class A Common Stock Tax liability -$1.28M -20.8K -14.78% $61.42 120K Mar 14, 2024 Direct
transaction SKX Class A Common Stock Sale -$1.24M -20.2K -16.87% $61.11 99.7K Mar 15, 2024 Direct
transaction SKX Class A Common Stock Award $0 +38.8K +38.93% $0.00 138K Mar 15, 2024 Direct F2, F3
holding SKX Class A Common Stock 179K Mar 14, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that vested and were issued under the performance-based stock awards granted on March 1, 2021, which were linked to the Issuer's total stock return over a three-year period.
F2 Award of restricted shares of Class A Common Stock, with one-third of the shares vesting on each of March 1, 2025 and the first two anniversaries thereof.
F3 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 38,800 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.
F4 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.