Skechers U.S.A., Inc. Quarterly report [Sections 13 or 15(d)]

Stockholders Equity and Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2025

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


	Three Months Ended March 31,
	2025		2024
Shares repurchased		—		994,215
Average cost per share	$	—	$	60.37
Total cost of shares repurchased (in thousands)	$	—	$	60,020

The Company granted the following stock-based instruments:


	Three Months Ended March 31,
	2025				2024
	Granted		Weighted-Average Grant-Date Fair Value		Granted		Weighted-Average Grant-Date Fair Value
Restricted stock		1,293,403	$	63.34		1,136,710	$	58.56
Performance-based restricted stock (1)		110,663	$	64.10		93,500	$	60.64
Market-based restricted stock (1)		110,662	$	84.39		93,500	$	78.80

(1) Based on the target number of shares that may vest.

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, 2024		3,057,034		$	51.79
Granted		1,514,728			64.93
Vested/Released		(638,095	)		49.24
Cancelled		(12,250	)		57.54
Performance Adjustments		96,306			52.26
Unvested at March 31, 2025		4,017,723		$	57.14

For the three months ended March 31, 2025, shares were issued based on the achievement of certain EPS and TSR metrics as presented below:


	Target Shares		Payout Factor			Performance Adjustment
February 2022 EPS Grant		116,250		133	%		38,750
February 2022 TSR Grant		116,250		150	%		57,556
Total Performance Adjustments							96,306