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Crocs, Inc.·4

Mar 12, 6:50 PM ET

Campbell Rupert George 4

Research Summary

AI-generated summary

Updated

Crocs EVP Rupert Campbell Receives 38,695 RSU Award

What Happened
Rupert Campbell, EVP and President of HEYDUDE at Crocs (CROX), was granted 38,695 restricted stock units (RSUs) on March 10, 2026. Concurrently, the company withheld a total of 1,551 shares to satisfy tax withholding obligations (987 shares at $82.91 = $81,832 on 3/10; 564 shares at $80.40 = $45,346 on 3/11, total ≈ $127,178). In addition, 1,255 RSUs were cancelled on March 11, 2026 because certain performance metrics were not achieved. The RSUs are awards (acquisitions), not open-market purchases.

Key Details

  • Transaction dates and amounts:
    • 2026-03-10: Grant of 38,695 RSUs (code A).
    • 2026-03-10: 987 shares withheld for tax (code F) at $82.91 = $81,832.
    • 2026-03-11: 1,255 RSUs cancelled/returned to issuer (code D) — $0 consideration.
    • 2026-03-11: 564 shares withheld for tax (code F) at $80.40 = $45,346.
  • Total withheld for taxes: 1,551 shares ≈ $127,178.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: RSU grant details — 7,037 time-based RSUs vest in three equal annual installments (Mar 10, 2027–2029); up to 14,070 RSUs vest in three equal annual installments once certain performance metrics are certified (beginning in 2027); up to 17,588 RSUs vest upon certification in 2029, subject to continued employment.
    • F2: Shares withheld to cover tax withholding obligations upon vesting.
    • F3: 1,255 RSUs cancelled because performance metrics were not achieved.
  • Filing: Form 4 filed 2026-03-12 reporting transactions on 3/10–3/11 (filed within the typical two-business-day window).

Context

  • RSUs are contingent awards that convert to common shares upon vesting; these entries reflect an award grant plus routine withholding to cover taxes and a cancellation of a portion of performance-based RSUs that did not meet targets.
  • The grant is an acquisition (award) rather than a purchase; the withheld shares and cancellations are internal adjustments (tax withholding and failed performance vesting), not open-market sales.
  • No 10b5-1 plan, late filing, or other extraordinary items were reported in the provided data.