Form 4: Deckers Outdoor Corp: Officer Thomas Garcia Reports Stock Transaction

Thomas Garcia, Chief Administrative Officer of Deckers Outdoor Corp, reports the disposal of 824 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 22, 2024, Thomas Garcia, Chief Administrative Officer of Deckers Outdoor Corp, disposed of 824 shares of common stock.
• The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) on March 31, 2024.
• The RSUs were previously granted on July 1, 2021, under the Deckers Outdoor Corporation 2015 Stock Incentive Plan.
• Shares underlying the RSUs were issued upon Compensation Committee certification of the achievement of performance vesting conditions on May 22, 2024.
• Following the transaction, Garcia directly owns 15,654 shares of Deckers Outdoor Corp.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.

Industry Context

This is a routine Form 4 filing, indicating insider transactions related to equity compensation. It's common for executives to sell shares to cover tax obligations when RSUs vest.

Stakeholder Impact

• The transaction has minimal impact on shareholders as it's a small percentage of the outstanding shares.

Key Dates