SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spring-Green Robin

(Last) (First) (Middle)
250 COROMAR DRIVE

(Street)
GOLETA CA 93117

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DECKERS OUTDOOR CORP [ DECK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Hoka
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 03/01/2024 A 394 A $0 394 D
Common Stock (Long-Term Incentive Performance-Based RSUs)(2) 03/01/2024 A 976(3) A $0 1,370 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The Time-Based Restricted Stock Units (the Time-Based RSUs) were granted pursuant to the Issuer's 2015 Stock Incentive Plan. The Time-Based RSUs vest as to 33.33% of the underlying shares on 3/15/2025, 33.33% on 3/15/2026, and 33.34% on 3/15/2027, subject to the satisfaction of continuous service requirements. At the time that continuous service requirements cease to be met, no further vesting will occur and the remaining Time-Based RSUs will not be earned. The Time-Based RSUs will be settled in the Issuer's common stock upon satisfaction of the vesting conditions. "
2. Refer to Exhibit 99 for additional information.
3. The amounts listed are the maximum number of LTIP Performance RSU's that may vest.
Remarks:
/s/ Thomas Garcia for Robin Spring-Green as Attorney in Fact 03/05/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


The Long-Term Incentive Performance-Based Restricted Stock Units (the LTIP Performance RSUs) were granted pursuant to the Issuer's 2015 Stock Incentive Plan, as amended, and a related award agreement. The LTIP Performance RSUs may vest subject to the Issuer's achievement with respect to pre-established pre-tax income and revenue targets for each of the fiscal years ending March 31, 2024, March 31, 2025, and March 31, 2026, and subject to modification based on total shareholder return (the Performance Criteria). The award has a cliff vesting date of March 31, 2026. The number of LTIP Performance RSUs that will vest on March 31, 2026 will be determined based on the Issuer's level of achievement with respect to the Performance Criteria. If the Performance Criteria are not achieved at the threshold level, no vesting will occur and the LTIP Performance RSUs will be cancelled. The LTIP Performance RSUs will be settled in the Issuer's common stock upon satisfaction of the Performance Criteria and the cliff vesting date.



The Long-Term Incentive Performance-Based Restricted Stock Units (the LTIP Performance RSUs) were granted pursuant to the Issuer's 2015 Stock Incentive Plan, as amended, and a related award agreement. The LTIP Performance RSUs may vest subject to the Issuer's achievement with respect to pre-established pre-tax income and revenue targets for each of the fiscal years ending March 31, 2024, March 31, 2025, and March 31, 2026, and subject to modification based on total shareholder return (the Performance Criteria). The award has a cliff vesting date of March 31, 2026. The number of LTIP Performance RSUs that will vest on March 31, 2026 will be determined based on the Issuer's level of achievement with respect to the Performance Criteria. If the Performance Criteria are not achieved at the threshold level, no vesting will occur and the LTIP Performance RSUs will be cancelled. The LTIP Performance RSUs will be settled in the Issuer's common stock upon satisfaction of the Performance Criteria and the cliff vesting date.


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