4/A//SEC Filing
MICHAELS ADAM 4/A
Accession 0001334036-23-000039
CIK 0001334036other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 5:20 PM ET
Size
10.8 KB
Accession
0001334036-23-000039
Insider Transaction Report
Form 4/AAmended
Crocs, Inc.CROX
MICHAELS ADAM
EVP, Chief Digital Officer
Transactions
- Disposition to Issuer
Common Stock
2023-03-03−4,686→ 116,239 total - Award
Common Stock
2023-03-02+13,161→ 120,925 total - Tax Payment
Common Stock
2023-03-03$125.54/sh−1,285$161,319→ 114,954 total - Tax Payment
Common Stock
2023-03-04$125.06/sh−1,817$227,234→ 113,137 total
Footnotes (5)
- [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.
Documents
Issuer
Crocs, Inc.
CIK 0001334036
Entity typeother
Related Parties
1- filerCIK 0001935552
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 5:20 PM ET
- Size
- 10.8 KB