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

Signature
John Vandemore
Stock symbol
SKX
Transactions as of
Mar 14, 2024
Transactions value $
-$753,769
Form type
4
Date filed
3/15/2024, 06:52 PM
Previous filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKX Class A Common Stock Award $0 +12.3K +16.67% $0.00 86.1K Mar 14, 2024 Direct F1
transaction SKX Class A Common Stock Tax liability -$383K -6.24K -7.24% $61.42 79.9K Mar 14, 2024 Direct
transaction SKX Class A Common Stock Sale -$371K -6.07K -7.59% $61.11 73.8K Mar 15, 2024 Direct
transaction SKX Class A Common Stock Award $0 +25K +33.87% $0.00 98.8K Mar 15, 2024 Direct F2, F3
* 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 25,000 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.