TOLMARE NEERAJ 4
Research Summary
AI-generated summary
Crocs (CROX) Director Neeraj Tolmare Receives Restricted Stock Award
What Happened
Neeraj Tolmare, a non-employee director of Crocs, received two grants of restricted common stock on 2026-06-09: 1,252 shares and 1,095 shares, a total of 2,347 shares. Each grant is reported at $0.00 in the filing (awarded as board compensation rather than a cash purchase or sale).
Key Details
- Transaction date: 2026-06-09 (Form 4 filed 2026-06-11; appears timely within the SEC two-business-day requirement).
- Grants: 1,252 shares @ $0.00 and 1,095 shares @ $0.00; total 2,347 shares; total cash paid reported $0.
- Shares owned after transaction: not specified in the available filing.
- Footnotes: F1 = annual common stock grant to non-employee directors under the Board Compensation Plan. F2 = Tolmare elected restricted stock in lieu of cash retainers; the restricted stock vests in four successive quarterly installments from the issuance date.
- Transaction code: A (award/grant).
Context
This was an award of restricted shares as board compensation, not an open-market purchase or sale. The shares vest over time (quarterly installments), so they are not immediately tradable—routine director compensation and not a direct, immediate market endorsement or divestment.