Michelle Poole - Mar 3, 2022 Form 4 Insider Report for Crocs, Inc. (CROX)

Role
President
Signature
/s/Dan Hart, Attorney-in-Fact
Stock symbol
CROX
Transactions as of
Mar 3, 2022
Transactions value $
-$823,517
Form type
4
Date filed
3/7/2022, 07:45 PM
Previous filing
Sep 17, 2021
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CROX Common Stock Award $0 +19K +10.67% $0.00 197K Mar 3, 2022 Direct F1
transaction CROX Common Stock Tax liability -$140K -1.82K -0.93% $77.03 195K Mar 3, 2022 Direct F2
transaction CROX Common Stock Tax liability -$338K -4.71K -2.42% $71.73 190K Mar 4, 2022 Direct F2
transaction CROX Common Stock Tax liability -$345K -5.12K -2.69% $67.44 185K Mar 7, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 18,968 restricted stock units granted to the reporting person under the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock. The restricted stock units vest as follows: (i) 3,748 of the restricted stock units vest in three equal annual installments on March 3, 2023, March 3, 2024 and March 3, 2025, provided that the reporting person remains employed by the issuer as of each vesting date, and (ii) up to 15,220 of the restricted stock units vest in three equal annual installments beginning on the date in 2023 that the issuer's compensation committee certifies that certain performance metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date.
F2 Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.