Form 4 for GIII G III APPAREL GROUP LTD /DE/

Accepted 2024-04-03 00:00:00 ET · period of report 2024-04-01 · accession 0001127602-24-012411 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2024-04-03	2024-04-01	GIII	Goldfarb Jeffrey David	EVP, Dir	F - Tax	$28.53	-20.3K	505.5K	-4%	-$579.3K
	2024-04-03	2024-04-01	GIII	Goldfarb Jeffrey David	EVP, Dir	A - Grant	$0.00	+23.9K	525.8K	+5%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, Par Value $.01 Per Share	2024-04-01	F	D	20,304	$28.53	505,470	D	—	—	(F2) Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 23,862 PSUs and 15,908 restricted stock units ("RSUs"). The grant of the RSUs was reported on Form 4 filed June 30, 2021.
2	Common	Common Stock, Par Value $.01 Per Share	2024-04-01	A	A	23,862	$0.00	525,774	D	—	—	(F1) Consists of the vesting of 23,862 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd., granted on March 16, 2021, subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes ("Adjusted EBIT") and three-year average return on invested capital ("ROIC") during the three-year performance period of fiscal 2022 through fiscal 2024 (the "Performance Period"). The actual amounts to vest at the end of the Performance Period can range from 0% to 150%. The Company achieved 150% for both metrics during the Performance Period.