GIII EVP awarded 65,112 performance shares
G-III Apparel Group executive Jeffrey David Goldfarb reported equity compensation changes involving company common stock.
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Form Type
4
Rhea-AI Filing Summary
G-III Apparel Group executive Jeffrey David Goldfarb reported equity compensation changes involving company common stock. He received 65,112 shares through the vesting of Performance Stock Units, reflecting achievement of 150% of both earnings before interest and taxes and average return on invested capital targets over the fiscal 2024–2026 performance period.
To cover tax obligations tied to the vesting of these 65,112 PSUs and 43,408 previously granted restricted stock units, 55,400 shares were withheld at a price of $34.63 per share. Following these transactions, Goldfarb directly holds 778,471 shares, with additional indirect holdings through family trusts and an LLC.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Goldfarb Jeffrey David
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 65,112 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, Par Value $.01 Per Share | 55,400 | $34.63 | $1.92M |
| holding | Common Stock, Par Value $.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $.01 Per Share | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $.01 Per Share — 778,471 shares (Direct);
Common Stock, Par Value $.01 Per Share — 24,896 shares (Indirect, Amanda Julie Goldfarb 2007 Trust);
Common Stock, Par Value $.01 Per Share — 47,170 shares (Indirect, JARS Portfolio LLC);
Common Stock, Par Value $.01 Per Share — 2,200 shares (Indirect, Ryan Gabriel Goldfarb 2009 Trust)
Footnotes (2)
- F1. Consists of the vesting of 65,112 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 65,112 PSUs and 43,408 restricted stock units ("RSUs"). The grant of the RSUs was reported on the Form 4 filed May 1, 2023.
Key Figures
PSUs vested: 65,112 shares
Shares withheld for tax: 55,400 shares
Withholding price: $34.63 per share
+5 more
8 metrics
PSUs vested
65,112 shares
Performance Stock Units vesting for fiscal 2024–2026 performance period
Shares withheld for tax
55,400 shares
Tax-withholding disposition at $34.63 per share
Withholding price
$34.63 per share
Price used for 55,400-share tax withholding
RSUs referenced
43,408 units
Restricted stock units tied to the tax-withholding event
Direct holdings after transactions
833,871 shares
Common stock directly held by Jeffrey Goldfarb after Form 4 events
Indirect holdings – Ryan Gabriel Trust
2,200 shares
Indirect ownership via Ryan Gabriel Goldfarb 2009 Trust
Indirect holdings – JARS Portfolio LLC
47,170 shares
Indirect ownership via JARS Portfolio LLC
Indirect holdings – Amanda Julie Trust
24,896 shares
Indirect ownership via Amanda Julie Goldfarb 2007 Trust
Key Terms
Performance Stock Units, PSUs, restricted stock units, RSUs, +2 more
6 terms
Performance Stock Units financial
"Consists of the vesting of 65,112 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share..."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
PSUs financial
"Consists of the vesting of 65,112 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share..."
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
restricted stock units financial
"Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 65,112 PSUs and 43,408 restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The grant of the RSUs was reported on the Form 4 filed May 1, 2023."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax obligation financial
"Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 65,112 PSUs and 43,408 restricted stock units..."
return on invested capital financial
"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..."
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GIII executive Jeffrey David Goldfarb report in this Form 4?
Jeffrey David Goldfarb reported equity compensation changes in G-III Apparel Group common stock. 65,112 Performance Stock Units vested after the company achieved 150% of its performance metrics, and shares were withheld to cover related tax obligations, updating his direct and indirect share holdings.
How many GIII Performance Stock Units vested for Jeffrey Goldfarb?
A total of 65,112 Performance Stock Units vested for Jeffrey Goldfarb. Each PSU represents one share of G-III common stock, earned after the company achieved 150% of both three-year cumulative EBIT and three-year average ROIC metrics for fiscal 2024 through fiscal 2026.
What performance goals triggered the vesting of GIII Performance Stock Units?
The Performance Stock Units vested after G-III achieved 150% of both required metrics. These metrics were three-year cumulative earnings before interest and taxes and three-year average return on invested capital measured over the fiscal 2024–2026 performance period defined in the award terms.
Are Jeffrey Goldfarb’s GIII transactions open-market purchases or sales?
The reported transactions are compensation-related, not open-market trades. Goldfarb received shares through the vesting of Performance Stock Units and had 55,400 shares withheld to cover tax obligations on PSUs and previously granted restricted stock units, rather than buying or selling shares on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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