Form 4: Crocs Inc. Executive Shannon Sisler Reports Changes in Beneficial Ownership

EVP, Chief People Officer of Crocs, Shannon Sisler, reports acquisition and disposal of Crocs Inc. common stock and restricted stock units.

Summary

• On March 11, 2025, Shannon Sisler, EVP, Chief People Officer of Crocs Inc., was granted 16,950 restricted stock units (RSUs) under the company's 2020 Equity Incentive Plan.
• These RSUs vest in installments between 2026 and 2028, contingent on continued employment and achievement of certain performance metrics.
• On March 12, 2025, 1,951 restricted stock units were cancelled because the performance metrics were not achieved.
• Also on March 12, 2025, 384 shares were withheld by Crocs to cover tax obligations related to the vesting of a restricted stock unit award.
• Following these transactions, Sisler beneficially owns 43,151 shares of Crocs Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports routine transactions related to executive compensation.

Negatives

• 1,951 restricted stock units were cancelled because performance metrics were not achieved.

Risks

• The vesting of a portion of the RSUs is contingent on the achievement of certain performance metrics, which may not be met.
• Continued employment with Crocs is required for the RSUs to vest.

Future Outlook

The reporting person's future beneficial ownership may change based on vesting of RSUs and continued employment with the issuer.

Industry Context

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

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of company stock.

Key Dates