REILLY TERENCE 4

4 · Crocs, Inc. · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Crocs (CROX) EVP Terence Reilly Receives 44,222 RSUs

What Happened

Terence Reilly, EVP & Chief Brand Officer of Crocs (CROX), was granted 44,222 restricted stock units (RSUs) on 2026-03-10. The grant is reported at $0 per share (typical for RSU awards).
On 2026-03-11, 1,691 shares were surrendered/withheld to cover tax withholding obligations (reported at $80.40 per share, total ~$135,956). Also on 2026-03-11, 3,588 RSUs were disposed/cancelled.

Key Details

Grant date: 2026-03-10 — 44,222 RSUs granted (Transaction code A).
Cancellations: 3,588 RSUs cancelled (Transaction code D); footnote indicates these were cancelled because certain performance metrics were not achieved (F2).
Tax withholding: 1,691 shares withheld to cover taxes at $80.40/share, value $135,956 (Transaction code F; footnote F3).
Vesting: The RSUs are subject to performance- and time-based vesting per the issuer’s 2020 Equity Incentive Plan (see footnote F1 for vesting schedule).
Shares owned after transaction: Not reported in the provided excerpt.
Filing: Report filed 2026-03-12 for transactions on 2026-03-10/11 — appears timely (no late filing flag).

Context

RSUs are awards that convert to shares if/when vesting conditions are met; the initial grant is not an open-market purchase and does not necessarily signal immediate buying activity.
The withholding of shares to cover tax obligations is a routine administrative step (a net settlement), not an open-market sale. The cancellation reflects unmet performance conditions and reduces the potential future shares.

Form 4

Period: 2026-03-10

EVP, Chief Brand Officer

Transactions

Footnotes (3)

[F1]Represents 44,222 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) 8,042 of the RSUs vest in three equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029, (ii) up to 16,080 of the RSUs vest in three equal annual installments beginning on the date in 2027 that the issuer's compensation committee certifies that certain performance metrics are achieved and (iii) up to 20,100 of the RSUs vest on the date in 2029 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.

Signature

/s/Sara Hoverstock, Attorney-in-Fact|2026-03-12

1 file