Form 4: Crocs Executive Vice President Daniel Hart Reports Changes in Beneficial Ownership

Executive Vice President Daniel Hart reports changes in beneficial ownership of Crocs, Inc. stock due to cancellation of restricted stock units and shares withheld for tax obligations.

Summary

• On March 2, 2024, Daniel Hart, Executive Vice President of Crocs, Inc., had 1,393 restricted stock units cancelled because certain performance metrics were not achieved.
• Also on March 2, 2024, 289 shares were withheld by Crocs to cover tax obligations related to the vesting of a restricted stock unit award at a price of $124.59.
• On March 3, 2024, an additional 1,471 shares were withheld for tax obligations at a price of $124.59.
• Following these transactions, Hart's direct ownership of Crocs common stock decreased from 217,900 to 216,140 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. The cancellation of restricted stock units due to unmet performance metrics is a slightly negative factor.

Negatives

• Daniel Hart had 1,393 restricted stock units cancelled due to unmet performance metrics, which could be perceived negatively.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates