G-III executive reports PSU vesting, tax withholding
G-III Apparel Group director and executive Sammy Aaron reported equity compensation activity rather than open-market trading.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
G-III Apparel Group director and executive Sammy Aaron reported equity compensation activity rather than open-market trading. On vesting of 130,224 performance stock units tied to three-year earnings and return-on-capital goals, the company withheld 120,024 shares at $34.63 per share to cover taxes. After these tax-withholding dispositions and the stock award, Aaron directly holds 335,471 common shares.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Aaron Sammy
Role
Vice Chairman and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 130,224 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, Par Value $.01 Per Share | 120,024 | $34.63 | $4.16M |
Holdings After Transaction:
Common Stock, Par Value $.01 Per Share — 335,471 shares (Direct)
Footnotes (2)
- F1. Consists of the vesting of 130,224 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd., granted on April 27, 2023, subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes and (ii) three-year average return on invested capital during the three-year performance period of fiscal 2024 through fiscal 2026 (the "Performance Period"). The Company achieved 150% of both metrics during the Performance Period.
- F2. Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 130,224 PSUs and 86,816 restricted stock units ("RSUs"). The grant of the RSUs was reported on the Form 4 filed May 1, 2023.
Key Figures
Tax-withheld shares: 120,024 shares
PSUs vested: 130,224 units
RSUs linked to withholding: 86,816 units
+3 more
6 metrics
Tax-withheld shares
120,024 shares
Shares withheld at $34.63 to satisfy tax obligation
PSUs vested
130,224 units
Performance stock units that vested based on FY 2024-2026 metrics
RSUs linked to withholding
86,816 units
Restricted stock units whose vesting also triggered tax withholding
Share price for withholding
$34.63 per share
Value used for the 120,024 withheld shares
Post-transaction holdings
455,495 shares
Direct common stock held after June 15, 2026 transactions
Performance achievement
150% of both metrics
Three-year EBIT and ROIC targets for PSU vesting
Key Terms
Performance Stock Units ("PSUs"), restricted stock units ("RSUs"), three-year cumulative earnings before interest and taxes, three-year average return on invested capital, +1 more
5 terms
Performance Stock Units ("PSUs") financial
"Consists of the vesting of 130,224 Performance Stock Units ("PSUs"), each representing a contingent right..."
restricted stock units ("RSUs") financial
"Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 130,224 PSUs and 86,816 restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
three-year cumulative earnings before interest and taxes financial
"subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes..."
three-year average return on invested capital financial
"and (ii) three-year average return on invested capital during the three-year performance period..."
Performance Period financial
"during the three-year performance period of fiscal 2024 through fiscal 2026 (the "Performance Period")."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GIII executive Sammy Aaron report on this Form 4?
Sammy Aaron reported vesting of 130,224 performance stock units and related tax withholding of 120,024 shares. These are compensation and tax events, not open-market trades, and reflect equity awards for meeting specified performance goals.
Did Sammy Aaron buy or sell GIII stock in the open market in this filing?
No open-market purchases or sales occurred. The filing shows a stock award and shares withheld to satisfy tax obligations tied to vesting PSUs and RSUs, rather than discretionary buying or selling on the market.
What performance goals triggered Sammy Aaron’s GIII PSU vesting?
The 130,224 performance stock units vested after the company achieved 150% of two metrics: three-year cumulative earnings before interest and taxes and three-year average return on invested capital over fiscal 2024 through fiscal 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates