REILLY TERENCE 4

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.