Form 4: Crocs CEO Andrew Rees Reports Stock Transaction
SEC Form 4 Filing
Andrew Rees, CEO of Crocs, Inc., reports a transaction involving the disposal of shares to cover tax obligations and beneficial ownership through a trust.
Summary
- On August 17, 2024, Andrew Rees, the CEO of Crocs, Inc., reported a transaction on SEC Form 4.
- The transaction involved the disposal of 5,934 shares of common stock at a price of $139.31 per share to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- Following the transaction, Rees directly owns 964,153 shares of Crocs common stock.
- Rees also indirectly owns 79,748 shares through the V&M REES REV. TRUST, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/17/2024 | Date of stock transaction (disposal of shares). |
| 08/20/2024 | Date of signature on the report. |
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