Form 4: Crocs Inc. Executive Adam Michaels Reports Changes in Beneficial Ownership
SEC Filing
EVP and Chief Digital Officer of Crocs, Inc., Adam Michaels, reports the disposition of 2,543 shares to cover tax withholding obligations.
Summary
- Adam Michaels, EVP and Chief Digital Officer of Crocs, Inc., filed a Form 4 on August 20, 2024, reporting a change in beneficial ownership.
- The transaction involved the disposition of 2,543 shares of common stock on August 17, 2024, to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The shares were disposed of at a price of $139.31 per share.
- Following the transaction, Michaels directly owns 106,588 shares of Crocs, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposal.
Key Dates
| Date | Description |
|---|---|
| 08/17/2024 | Date of transaction: Disposition of shares to cover tax withholding. |
| 08/20/2024 | Date of Form 4 filing. |
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