Form 4: Skechers USA Inc. General Counsel Phillip Paccione Reports Stock Transactions
SEC Form 4 Filing
Phillip Paccione, General Counsel & Secretary of Skechers USA Inc., reports acquisition of restricted shares and a sale of Class A Common Stock.
Summary
- On February 20, 2024, Phillip Paccione was awarded 15,000 restricted shares of Skechers Class A Common Stock.
- These shares vest on March 2, 2026.
- On June 4, 2024, Paccione sold 423 shares of Class A Common Stock at a price of $69.454 per share.
- These shares were acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2024.
- Following these transactions, Paccione directly owns 35,000 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The stock sale by an officer may be perceived by shareholders, but the amount is small.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Award of 15,000 restricted shares of Class A Common Stock. |
| 03/02/2026 | Vesting date for the 15,000 restricted shares. |
| 05/31/2024 | Shares acquired under the Issuer's Employee Stock Purchase Plan. |
| 06/04/2024 | Sale of 423 shares of Class A Common Stock at $69.454 per share. |
| 06/06/2024 | Date of the Form 4 filing. |
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