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

Role
Chief Executive Officer, Director
Signature
/s/Daniel Hart, attorney-in-fact
Stock symbol
CROX
Transactions as of
Mar 3, 2022
Transactions value $
-$2,510,145
Form type
4
Date filed
3/7/2022, 07:46 PM
Previous filing
Jan 18, 2022
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 +157K +18.03% $0.00 1.03M Mar 3, 2022 Direct F1
transaction CROX Common Stock Tax liability -$991K -13.8K -1.34% $71.73 1.01M Mar 4, 2022 Direct F2
transaction CROX Common Stock Tax liability -$1.52M -22.5K -2.22% $67.44 992K Mar 7, 2022 Direct F3
holding CROX Common Stock 160K Mar 3, 2022 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 157,177 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) 31,059 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 126,118 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. The reporting person also chose to pay a portion of the tax withholding obligations upon vesting in cash.
F3 Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
F4 The reporting person is a trustee of the V&M REES REV. TRUST and exercises voting and investment power for the shares beneficially owned by the trust.