Adam Michaels - Mar 2, 2023 Form 4/A - Amendment Insider Report for Crocs, Inc. (CROX)

Signature
/s/Dan Hart, Attorney-in-Fact
Stock symbol
CROX
Transactions as of
Mar 2, 2023
Transactions value $
-$388,553
Form type
4/A - Amendment
Date filed
3/10/2023, 04:20 PM
Date Of Original Report
Mar 6, 2023
Previous filing
Sep 19, 2022
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CROX Common Stock Award $0 +13.2K +12.21% $0.00 121K Mar 2, 2023 Direct F1
transaction CROX Common Stock Disposed to Issuer $0 -4.69K -3.88% $0.00 116K Mar 3, 2023 Direct F2
transaction CROX Common Stock Tax liability -$161K -1.29K -1.11% $125.54 115K Mar 3, 2023 Direct F3, F4
transaction CROX Common Stock Tax liability -$227K -1.82K -1.58% $125.06 113K Mar 4, 2023 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 13,161 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) 2,633 of the RSUs vest in three equal annual installments on March 2, 2024, March 2, 2025 and March 2, 2026, (ii) up to 5,264 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 5,264 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 On March 6, 2023, the reporting person filed a Form 4 which inadvertently understated the number of shares withheld to pay taxes due upon vesting of a restricted stock unit award (the "Inadvertent Understatement"). The original Form 4 indicated that the number of shares withheld was 691 and the number of shares owned following the reported transaction was 115,548. However, the number of shares withheld was 1,285 and the number of shares owned following the transaction was 114,954.
F5 As a result of the Inadvertent Overstatement, the original Form 4 indicated that the number of shares owned following the reported transaction was 113,731. However, the number of shares owned following the transaction was 113,137.