Form 4: Crocs CEO Andrew Rees Reports Changes in Beneficial Ownership

Andrew Rees, CEO of Crocs, Inc., reports transactions involving company stock, including disposal of shares to cover tax obligations and cancellation of restricted stock units.

Summary

• On March 2, 2024, Crocs CEO Andrew Rees disposed of 19,936 shares of common stock.
• These shares were related to restricted stock units that were cancelled because certain performance metrics were not met.
• Additionally, on March 2 and 3, 2024, a total of 34,505 shares were disposed of to cover tax withholding obligations upon the vesting of restricted stock units at a price of $124.59.
• Following these transactions, Rees directly owns 856,625 shares of common stock and indirectly owns 89,748 shares through a trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports transactions related to stock options and tax obligations, with a minor negative related to unachieved performance metrics.

Negatives

• 19,936 restricted stock units were cancelled because certain performance metrics relating to the vesting of such awards were not achieved.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The cancellation of restricted stock units due to unmet performance metrics may have a minor negative impact on employee morale.

Key Dates