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

Stockholders Equity and Stock Compensation (Tables)

6 Months Ended

Jun. 30, 2025

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Shares repurchased		—		878,900		—		1,873,115
Average cost per share	$	—	$	68.29	$	—	$	64.08
Total cost of shares repurchased (in thousands)	$	—	$	60,018	$	—	$	120,038

The Company granted the following stock-based instruments:


	Six Months Ended June 30,
	2025				2024
	Granted		Weighted-Average Grant-Date Fair Value		Granted		Weighted-Average Grant-Date Fair Value
Restricted stock		1,352,118	$	62.84		1,174,060	$	58.90
Performance-based restricted stock (1)		110,663	$	64.10		93,500	$	60.91
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		1,573,443			64.44
Vested/Released		(1,471,676	)		46.57
Cancelled		(23,700	)		53.43
Performance Adjustments		96,306			52.26
Unvested at June 30, 2025		3,231,407		$	60.33

For the six months ended June 30, 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