Banner year earns Crocs execs millions in bonuses
BROOMFIELD — Just days after Crocs Inc. (Nasdaq: CROX) accountants proclaimed 2020 to likely be the firm’s best revenue year ever, the iconic footwear maker announced executive bonuses in the form of company shares worth millions of dollars.
Crocs CEO Andrew Rees was given 108,510 shares worth about $7 million while chief financial officer Anne Mehlman and chief legal and risk officer Daniel Hart received incentive packages worth $3 million and $2 million, respectively.
In a U.S. Securities and Exchange Commission filing Thursday, Crocs said the bonuses “provide a retention incentive for Mr.…
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