Form 4: Deckers Outdoor Corp CFO Steven Fasching Reports Stock Disposal to Cover Tax Obligations

Steven J. Fasching, CFO of Deckers Outdoor Corp, disposed of 3,124 shares of common stock on May 22, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On May 24, 2024, Steven J. Fasching, the Chief Financial Officer of Deckers Outdoor Corp, filed a Form 4.
• The form reports a transaction that occurred on May 22, 2024, where 3,124 shares of Deckers' common stock were disposed of.
• The disposal was to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) that vested on March 31, 2024.
• These RSUs were previously granted on July 1, 2021, and August 3, 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, Fasching directly owns 26,167 shares of Deckers' common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any positive or negative sentiment towards the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates