G-III (GIII) CFO awarded 7,997 RSUs vesting in 2029
Rhea-AI Filing Summary
NACKMAN NEAL reported acquisition or exercise transactions in this Form 4 filing.
G-III Apparel Group reported that its Chief Financial Officer, Neal Nackman, received a grant of 7,997 shares of common stock in the form of restricted stock units. These RSUs carry no purchase price and will cliff vest on April 15, 2029, if he continues to serve the company. Following this award, he holds 46,054 shares directly.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant to G-III’s CFO with long-term vesting.
The filing shows Chief Financial Officer Neal Nackman received 7,997 restricted stock units, each representing one G-III common share, at no cash cost. These RSUs are a form of stock-based compensation rather than an open-market purchase.
The RSUs will cliff vest on April 15, 2029, contingent on continued employment or service. This long vesting schedule is designed to retain the executive and align incentives with longer-term company performance.
After this grant, Nackman directly holds 46,054 shares. With no derivative positions reported in this filing, the event appears to be a standard compensation award rather than a signal-driven market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 7,997 | $0.00 | $0.00 |
Footnotes (1)
- F1. Consists of restricted stock units ("RSUs") each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd ("G-III"). The RSUs will cliff vest on April 15, 2029 only if the Reporting Person remains employed by or continues to provide services to G-III.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
cliff vest financial
contingent right financial
AI-generated analysis. How Rhea-AI works. Not financial advice.