Form 4: Crocs Inc. EVP, Chief Financial Officer Susan L. Healy Reports Acquisition of Restricted Stock Units

Susan L. Healy, EVP and CFO of Crocs, Inc., reports the acquisition of 25,426 restricted stock units (RSUs) under the company's 2020 Equity Incentive Plan.

Summary

• On March 11, 2025, Susan L. Healy, the EVP and Chief Financial Officer of Crocs, Inc., acquired 25,426 restricted stock units (RSUs).
• These RSUs were granted under the issuer's 2020 Equity Incentive Plan.
• Each RSU represents the contingent right to receive one share of Crocs' common stock.
• 5,086 of the RSUs vest in three equal annual installments on March 11, 2026, March 11, 2027 and March 11, 2028.
• Up to 7,628 of the RSUs vest in three equal annual installments beginning on a date in 2026 that the issuer's compensation committee certifies that certain performance metrics are achieved.
• Up to 12,713 of the RSUs vest on a date in 2028 that the issuer's compensation committee certifies that certain performance metrics are achieved.
• Vesting is contingent upon the reporting person's continued employment with the issuer as of the applicable vesting date.
• Following the transaction, Healy beneficially owns 48,078 shares of Crocs' common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests. The vesting schedule and performance metrics suggest a focus on long-term value creation.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule incentivizes continued employment and potentially the achievement of performance metrics.

Risks

• The value of the RSUs is dependent on the future performance of Crocs' stock.
• Failure to meet performance metrics could delay or prevent the vesting of some RSUs.
• Termination of employment would result in forfeiture of unvested RSUs.

Future Outlook

The executive's compensation is tied to the company's performance through the vesting of RSUs, incentivizing future growth and profitability.

Industry Context

Granting stock-based compensation is a common practice in the industry to align management's interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, including competitors like Nike (NKE) and Adidas (ADS.DE).
• The vesting schedules and performance metrics associated with the RSUs are likely designed to be competitive with industry norms for executive compensation.

Stakeholder Impact

• Shareholders benefit from the alignment of executive compensation with company performance.
• Employees may be indirectly impacted by the executive's incentives to drive company growth and profitability.

Key Dates