Form 4: Deckers Outdoor Corp: CEO David Powers Reports Stock Transaction
SEC Form 4 Filing
CEO David Powers reports the withholding of 11,257 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 22, 2024, David Powers, the President and CEO of Deckers Outdoor Corp, reported a transaction involving the withholding of 11,257 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs) that vested on March 31, 2024.
- These RSUs were initially granted on July 1, 2021, under the Deckers Outdoor Corporation 2015 Stock Incentive Plan.
- The shares underlying the RSUs were issued upon Compensation Committee certification of the achievement of performance vesting conditions on May 22, 2024.
- Following the transaction, Powers directly owns 86,961 shares of Deckers Outdoor Corp.
- The transaction was reported on Form 4, filed with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and does not indicate any positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Date of initial grant of restricted stock units (RSUs) to David Powers. |
| March 31, 2024 | Vesting date of the restricted stock units (RSUs). |
| May 22, 2024 | Date of the stock transaction where shares were withheld for tax obligations and shares underlying the RSUs were issued upon Compensation Committee certification. |
| May 24, 2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.