Andrew Rees - Mar 2, 2023 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 2, 2023
Transactions value $
-$7,094,277
Form type
4
Date filed
3/6/2023, 07:50 PM
Previous filing
Feb 17, 2023
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CROX Common Stock Award $0 +96.4K +9.97% $0.00 1.06M Mar 2, 2023 Direct F1
transaction CROX Common Stock Disposed to Issuer $0 -69.4K -6.53% $0.00 993K Mar 3, 2023 Direct F2
transaction CROX Common Stock Tax liability -$3.63M -28.9K -2.91% $125.54 965K Mar 3, 2023 Direct F3
transaction CROX Common Stock Tax liability -$3.46M -27.7K -2.87% $125.06 937K Mar 4, 2023 Direct F3
holding CROX Common Stock 120K Mar 2, 2023 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 96,396 restricted stock units (RSUs) granted to the reporting person under the issuer's 2020 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest as follows: (i) 19,280 of the RSUs vest in three equal annual installments on March 2, 2024, March 2, 2025 and March 2, 2026, (ii) up to 38,558 of the RSUs vest in three equal annual installments beginning on the date in 2024 that the issuer's compensation committee certifies that certain performance metrics are achieved and (iii) up to 38,558 of the RSUs vest on the date in 2026 that the issuer's compensation committee certifies that certain performance metrics are achieved, provided, in each case, that the reporting person remains employed by the issuer as of each applicable vesting date.
F2 Represents the restricted stock units that were cancelled as certain performance metrics relating to the vesting of such awards were not achieved.
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.