Skechers U.S.A., Inc. Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity and Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2023

The following table provides a summary the Company’s stock repurchase activities:

	Three Months Ended March 31,
	2023		2022
Shares repurchased		676,190		651,774
Average cost per share	$	44.39	$	38.36
Total cost of shares repurchased (in thousands)	$	30,014	$	25,000

The Company issued the following stock-based instruments:

	Three Months Ended March 31,
	2023				2022
	Granted		Weighted-Average Grant-Date Fair Value		Granted		Weighted-Average Grant-Date Fair Value
Restricted stock		300,970	$	43.77		1,221,950	$	38.58
Performance-based restricted stock		121,225	$	43.34		116,250	$	42.46
Market-based restricted stock		121,225	$	59.71		116,250	$	58.85

A summary of the status and changes of the Company’s unvested shares is presented below:

	Shares			Weighted-Average Grant-Date Fair Value
Unvested at December 31, 2022		3,423,902		$	40.62
Granted		543,420			47.23
Vested		(224,750	)		38.82
Cancelled		(7,500	)		43.36
Unvested at March 31, 2023		3,735,072		$	41.68