Form 4: Deckers Outdoor Corp: Officer Stefano Caroti Reports Stock Transaction
SEC Form 4 Filing
Chief Commercial Officer Stefano Caroti reports the withholding of 4,110 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 22, 2024, Stefano Caroti, Chief Commercial Officer of Deckers Outdoor Corp, reported a transaction involving the withholding of 4,110 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs) on March 31, 2024.
- These RSUs were previously granted on July 1, 2021, and February 8, 2022, 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, Caroti directly owns 44,926 shares of Deckers Outdoor Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the equity-based compensation of key executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for executives.
- Employees may be interested in the details of the stock incentive plan.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Date of initial grant of restricted stock units (RSUs). |
| February 8, 2022 | Date of subsequent grant of restricted stock units (RSUs). |
| March 31, 2024 | Vesting date of the restricted stock units (RSUs). |
| May 22, 2024 | Date of transaction: withholding of shares for tax obligations and Compensation Committee certification of performance vesting conditions. |
| May 24, 2024 | Date of Form 4 filing. |
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