Andrew Rees - 12 Mar 2024 Form 4 Insider Report for Crocs, Inc. (CROX)

Role: Chief Executive Officer, Director
Signature: /s/Daniel Hart, Attorney-in-Fact
Issuer symbol: CROX
Transactions as of: 12 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2024, 19:47:08 UTC
Previous filing: 05 Mar 2024
Next filing: 18 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CROX	Common Stock	Award	$0	+113,462	+13%	$0.000000	970,087	12 Mar 2024	Direct	F1
holding	CROX	Common Stock						89,748	12 Mar 2024	By Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 113,462 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) 22,694 of the RSUs vest in three equal annual installments on March 12, 2025, March 12, 2026 and March 12, 2027, (ii) up to 45,384 of the RSUs vest in three equal annual installments beginning on the date in 2025 that the issuer's compensation committee certifies that certain performance metrics are achieved and (iii) up to 45,384 of the RSUs vest on the date in 2027 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	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.

Content

Represents 113,462 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) 22,694 of the RSUs vest in three equal annual installments on March 12, 2025, March 12, 2026 and March 12, 2027, (ii) up to 45,384 of the RSUs vest in three equal annual installments beginning on the date in 2025 that the issuer's compensation committee certifies that certain performance metrics are achieved and (iii) up to 45,384 of the RSUs vest on the date in 2027 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.

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.