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GEORGE THOMAS

Disclosed activity across 2 companies

Tapewire entity
85122
SEC CIK
0001251464

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
DECKERS OUTDOOR CORPDECK · Entity 848CFOMay 30, 2018June 01, 2018

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

DECKERS OUTDOOR CORP

Report date May 30, 2018 · Filed June 01, 2018

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect9,739 Reported balance After 2018-05-30 transaction · row 1 Account or security details depend on footnotes; rows are not merged.
1 source row

Row 1 · 2018-05-30 · Sale · Disposed 11,000 · Balance 9,739

F1: These shares were sold in multiple transactions ranging from $107.50-$108.49. The reporting person undertakes to provide to Deckers Outdoor Corporation, any security holder of Deckers Outdoor Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth for the sales reported on this Form 4.

F2: Reflects cancellation of unearned long-term performance based awards granted November 18, 2015 and cancelled in fiscal year ended March 31, 2018.

Filing footnotes · ownership attribution and instrument terms

F1: These shares were sold in multiple transactions ranging from $107.50-$108.49. The reporting person undertakes to provide to Deckers Outdoor Corporation, any security holder of Deckers Outdoor Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth for the sales reported on this Form 4.

F2: Reflects cancellation of unearned long-term performance based awards granted November 18, 2015 and cancelled in fiscal year ended March 31, 2018.

Past disclosures · reporting ended (1)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

GENESCO INC

Report date December 12, 2024 · Filed December 13, 2024

Section 16 reporting ended · disclosed 2024-12-13. Current position is not established by this disclosure.

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect47,706 Reported balance After 2024-12-12 transaction · row 1 Account or security details depend on footnotes; rows are not merged.
1 source row

Row 1 · 2024-12-12 · Tax withholding · Disposed 8,803 · Balance 47,706

F1: Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.

F2: Beginning on March 28, 2024, the number of shares beneficially owned by the reporting person was understated due to clerical error. This Form 4 includes an additional 2,458 shares beneficially owned.

Filing footnotes · ownership attribution and instrument terms

F1: Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.

F2: Beginning on March 28, 2024, the number of shares beneficially owned by the reporting person was understated due to clerical error. This Form 4 includes an additional 2,458 shares beneficially owned.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
December 12, 2024 Filed Dec 13, 2024 22:32 UTC GENESCO INC GCO · Entity 5742 Tax withholdingCommon Stock 8,803 $43.17 $380,025.51
Disclosure

SEC source: 0000950170-24-136289 · ownership.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · SVP Finance & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,706

F1 · shares: Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.

F2 · balance_after: Beginning on March 28, 2024, the number of shares beneficially owned by the reporting person was understated due to clerical error. This Form 4 includes an additional 2,458 shares beneficially owned.

Read SEC document
June 28, 2024 Filed Jul 1, 2024 20:30 UTC GENESCO INC GCO · Entity 5742 Tax withholdingCommon Stock 311 $25.86 $8,042.46
Disclosure

SEC source: 0000950170-24-079661 · ownership.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · SVP Finance & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 54,015

F1 · shares: Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the Second Amended and Restated 2020 Equity Incentive Plan.

Read SEC document
April 04, 2024 Filed Apr 5, 2024 20:05 UTC GENESCO INC GCO · Entity 5742 GrantCommon Stock 26,005 $0.00 $0.00
Disclosure

SEC source: 0001209191-24-005260 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 54,326

F1 · shares: Grant of Restricted Stock under the Amended and Restated 2020 Equity Incentive Plan.

Read SEC document
March 31, 2024 Filed Apr 1, 2024 20:05 UTC GENESCO INC GCO · Entity 5742 Tax withholdingCommon Stock 3,081 $28.14 $86,699.34
Disclosure

SEC source: 0001209191-24-005145 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,321

F1 · shares: Shares withheld to satisfy minimum tax withholding liability upon the vesting of restricted stock granted under the 2020 Equity Incentive Plan.

Read SEC document
October 20, 2023 Filed Oct 23, 2023 20:05 UTC GENESCO INC GCO · Entity 5742 Tax withholdingCommon Stock 1,518 $28.71 $43,581.78
Disclosure

SEC source: 0001209191-23-053325 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,402

Read SEC document
June 21, 2023 Filed Mar 28, 2024 20:04 UTC GENESCO INC GCO · Entity 5742 GrantCommon Stock 2,548 $0.00 $0.00
Disclosure

SEC source: 0001209191-24-005120 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,468

F1 · shares: Grant of restricted stock under the Amended and Restated 2020 Equity Incentive Plan.

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 3,910 $18.57 $72,604.79
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 7

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,920

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 600 $18.59 $11,153.52
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 6

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,010

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 300 $18.55 $5,564.76
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 5

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,410

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 335 $18.51 $6,200.85
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 4

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,110

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 126 $18.49 $2,329.74
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 3

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,775

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 125 $18.48 $2,310.31
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 2

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,649

Read SEC document
May 30, 2023 Filed May 30, 2023 20:32 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 6 $18.48 $110.85
Disclosure

SEC source: 0001209191-23-032894 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 27,524

Read SEC document
October 20, 2022 Filed Nov 3, 2022 21:16 UTC GENESCO INC GCO · Entity 5742 Tax withholdingCommon Stock 1,518 $41.79 $63,437.22
Disclosure

SEC source: 0001209191-22-055553 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,518

Read SEC document
September 06, 2022 Filed Sep 7, 2022 20:17 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 2,300 $45.10 $103,718.50
Disclosure

SEC source: 0001209191-22-049003 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,036

Read SEC document
October 21, 2021 Filed Oct 22, 2021 20:32 UTC GENESCO INC GCO · Entity 5742 GrantCommon Stock 24,936 $0.00 $0.00
Disclosure

SEC source: 0001209191-21-061366 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,736

F1 · shares: Grant of restricted stock under 2020 Equity Incentive Plan.

Read SEC document
September 07, 2021 Filed Sep 8, 2021 20:25 UTC GENESCO INC GCO · Entity 5742 PurchaseCommon Stock 1,800 $55.96 $100,728.00
Disclosure

SEC source: 0001209191-21-055145 · doc4.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · Sr VP-Finance and Interim CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,800

Read SEC document
May 30, 2018 Filed Jun 1, 2018 00:37 UTC DECKERS OUTDOOR CORP DECK · Entity 848 SaleCommon Stock 11,000 $107.83 $1,186,146.50
Disclosure

SEC source: 0001593968-18-000832 · primary_01.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,739

F1 · price: These shares were sold in multiple transactions ranging from $107.50-$108.49. The reporting person undertakes to provide to Deckers Outdoor Corporation, any security holder of Deckers Outdoor Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth for the sales reported on this Form 4.

F2 · balance_after: Reflects cancellation of unearned long-term performance based awards granted November 18, 2015 and cancelled in fiscal year ended March 31, 2018.

Read SEC document
March 31, 2018 Filed Apr 3, 2018 16:55 UTC DECKERS OUTDOOR CORP DECK · Entity 848 Tax withholdingCommon Stock 374 $0.00 $0.00
Disclosure

SEC source: 0001593968-18-000634 · primary_01.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,119

F1 · shares: These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax withholding obligations incident to the vesting on March 31, 2018 of one-third of the restricted stock units previously granted to the Reporting Person on June 27, 2014 pursuant to the Deckers Outdoor Corporation 2006 Equity Incentive Plan (the "2006 Plan").

Read SEC document
February 06, 2018 Filed Feb 7, 2018 22:34 UTC DECKERS OUTDOOR CORP DECK · Entity 848 SaleCommon Stock 7,500 $94.97 $712,289.25
Disclosure

SEC source: 0001179110-18-001738 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,493

F1 · price: These shares were sold in multiple transactions ranging from $94.67 to $95.48. The reporting person undertakes to provide to Deckers Outdoor Corporation, any security holder of Deckers Outdoor Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth for the sales reported on this Form 4.

Read SEC document
August 15, 2017 Filed Aug 17, 2017 19:57 UTC DECKERS OUTDOOR CORP DECK · Entity 848 Tax withholdingCommon Stock 373 $0.00 $0.00
Disclosure

SEC source: 0001179110-17-011610 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,993

F1 · shares: These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax withholding obligations incident to the vesting on August 15, 2017 of one-third of the restricted stock units previously granted to the Reporting Person on June 29, 2016 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan (the "2015 Plan").

Read SEC document
June 13, 2017 Filed Jun 15, 2017 23:56 UTC DECKERS OUTDOOR CORP DECK · Entity 848 GrantPerformance Stock Option (Right to Buy) · Derivative 20,376 $0.00 Strike: $69.29 $0.00
Disclosure

SEC source: 0001179110-17-009128 · edgar.xml · derivative · entry 3

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,376

Underlying: Common Stock · 20,376 shares

Expires not disclosed

F3 · security: The Performance Stock Options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan. The Performance Stock Options vest subject to the Issuer's achievement of a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2020. If the performance target is not met, no vesting will occur and the Performance Stock Options will be cancelled. The Performance Stock Options will be exercisable for the Issuer's common stock upon satisfaction of the vesting conditions.

F3 · derivative.exercise_date: The Performance Stock Options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan. The Performance Stock Options vest subject to the Issuer's achievement of a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2020. If the performance target is not met, no vesting will occur and the Performance Stock Options will be cancelled. The Performance Stock Options will be exercisable for the Issuer's common stock upon satisfaction of the vesting conditions.

F4 · derivative.expiration_date: The Performance Stock Options will expire on June 13, 2024, subject to earlier expiration as described in the Performance Stock Option Agreement.

F3 · derivative.underlying_shares: The Performance Stock Options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan. The Performance Stock Options vest subject to the Issuer's achievement of a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2020. If the performance target is not met, no vesting will occur and the Performance Stock Options will be cancelled. The Performance Stock Options will be exercisable for the Issuer's common stock upon satisfaction of the vesting conditions.

Read SEC document
June 13, 2017 Filed Jun 15, 2017 23:56 UTC DECKERS OUTDOOR CORP DECK · Entity 848 GrantCommon Stock (Performance-Based RSUs) 2,453 $0.00 $0.00
Disclosure

SEC source: 0001179110-17-009128 · edgar.xml · nonDerivative · entry 2

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,365

F2 · security: The Performance-Based RSUs were granted pursuant to the Issuer's 2015 Stock Incentive Plan. The Performance-Based RSUs may vest subject to the Issuer's achievement of a pre-established "Earnings Per Share" target for the fiscal year ending March 31, 2018. If the performance target is met, the Performance-Based RSUs will then vest as to 33.33% of the underlying shares of 8/15/2018, 33.33% on 8/15/2019 and 33.34% on 8/15/2020. If the performance target is not met, no vesting will occur and the Performance-Based RSUs will be cancelled. The Performance-Based RSUs will be settled in the Issuer's common stock upon satisfaction of the vesting conditions.

Read SEC document
June 13, 2017 Filed Jun 15, 2017 23:56 UTC DECKERS OUTDOOR CORP DECK · Entity 848 GrantCommon Stock (Time-Based RSUs) 2,453 $0.00 $0.00
Disclosure

SEC source: 0001179110-17-009128 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,912

F1 · security: 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 8/15/2018, 33.33% on 8/15/2019 and 33.34% on 8/15/2020, 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.

Read SEC document
March 31, 2017 Filed Apr 4, 2017 19:22 UTC DECKERS OUTDOOR CORP DECK · Entity 848 Tax withholdingCommon Stock 404 $59.73 $24,130.92
Disclosure

SEC source: 0001179110-17-005493 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,438

F1 · shares: These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax withholding obligations incident to the vesting on March 31, 2017 of one-third of the restricted stock units previously granted to the Reporting Person on June 27, 2014 pursuant to the Deckers Outdoor Corporation 2006 Equity Incentive Plan (the "2006 Plan"). Pursuant to the terms of the 2006 Plan, these shares will become immediately available for issuance pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.

Read SEC document
March 31, 2017 Filed May 9, 2017 21:37 UTC Amendment DECKERS OUTDOOR CORP DECK · Entity 848 Tax withholdingCommon Stock 404 $59.73 $24,130.92
Disclosure

SEC source: 0001179110-17-006938 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,459

F1 · shares: These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax withholding obligations incident to the vesting on March 31, 2017 of one-third of the restricted stock units previously granted to the Reporting Person on June 27, 2014 pursuant to the Deckers Outdoor Corporation 2006 Equity Incentive Plan (the "2006 Plan"). Pursuant to the terms of the 2006 Plan, these shares will become immediately available for issuance pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.

F2 · balance_after: Reflects additional reversal of unearned long-term performance-based awards granted in 2015 and cancellation of unearned performance-based awards in the fiscal year ended March 31, 2017, both of which were previously reported as being received, as well as deductions of vested share amounts as a result of clerical error.

Read SEC document
December 15, 2016 Filed Dec 16, 2016 22:16 UTC DECKERS OUTDOOR CORP DECK · Entity 848 Tax withholdingCommon Stock 2,066 $58.09 $120,013.94
Disclosure

SEC source: 0001179110-16-033138 · edgar.xml · nonDerivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,634

F1 · shares: Shares withheld and not issued to satisfy certain tax withholding obligations incident to the vesting on December 15, 2016 of one-third of the non-vested stock units granted on March 29, 2013 under the Deckers Outdoor Corporation 2006 Equity Incentive Plan.

Read SEC document
November 21, 2016 Filed Nov 23, 2016 21:15 UTC DECKERS OUTDOOR CORP DECK · Entity 848 GrantPerformance Stock Option (Right to Buy) · Derivative 19,292 $0.00 Strike: $61.86 $0.00
Disclosure

SEC source: 0001179110-16-032062 · edgar.xml · derivative · entry 1

GEORGE THOMAS · CIK 0001251464 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,292

Underlying: Common Stock · 19,292 shares

Expires not disclosed

F1 · security: These options were granted as non-qualified stock options pursuant to the Issuer's 2015 Stock Incentive Plan.

F2 · derivative.exercise_date: The options will vest as to 100% of the underlying shares upon a determination by the Compensation Committee that the Issuer has achieved a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2019. If the Compensation Committee determines that the target has not been met, no vesting will occur and all of the options will expire immediately without any further action by the Issuer or the Reporting Person.

F3 · derivative.expiration_date: The options will expire on March 31, 2026, subject to earlier expiration as described in the Option Agreement.

F2 · derivative.underlying_shares: The options will vest as to 100% of the underlying shares upon a determination by the Compensation Committee that the Issuer has achieved a pre-established "Pre-Tax Income" target for the fiscal year ending March 31, 2019. If the Compensation Committee determines that the target has not been met, no vesting will occur and all of the options will expire immediately without any further action by the Issuer or the Reporting Person.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.