David Powers - Aug 15, 2023 Form 4 Insider Report for DECKERS OUTDOOR CORP (DECK)

Signature
/s/ Lisa Bereda for David Powers as Attorney in Fact
Stock symbol
DECK
Transactions as of
Aug 15, 2023
Transactions value $
$0
Form type
4
Date filed
8/17/2023, 07:16 PM
Previous filing
Jun 5, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DECK Common Stock Tax liability $0 -4.1K -5.12% $0.00 76K Aug 15, 2023 Direct F1
transaction DECK Common Stock Award $0 +6.13K +8.06% $0.00 82.1K Aug 15, 2023 Direct F2
transaction DECK Common Stock (Long-Term Incentive Performance-Based RSUs) Award $0 +16.1K +19.59% $0.00 98.2K Aug 15, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax withholding obligations incident to the vesting on August 15, 2023 of one-third of the restricted stock units previously granted to the Reporting Person on June 22, 2020, November 3, 2020, July 1, 2021, and August 15, 2022 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.
F2 The Time-Based Restricted Stock Units (the Time-Based RSUs) were granted pursuant to the Issuer's 2015 Stock Incentive Plan. The Time-Based RSUs vest as to 33.33% of the underlying shares on 8/15/2024, 33.33% on 8/15/2025, and 33.34% on 8/15/2026, subject to the satisfaction of continuous service requirements. At the time that continuous service requirements cease to be met, no further vesting will occur and the remaining Time-Based RSUs will not be earned. The Time-Based RSUs will be settled in the Issuer's common stock upon satisfaction of the vesting conditions.
F3 Refer to Exhibit 99 for additional information.
F4 The amounts listed are the maximum number of LTIP Performance RSUs that may vest.