G-III Apparel Group (GIII) director granted 3,644 RSUs vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ongman Patti H reported acquisition or exercise transactions in this Form 4 filing.
G-III Apparel Group director Patti H. Ongman received a grant of 3,644 restricted stock units, each representing one share of G-III common stock. These RSUs will cliff vest on June 11, 2027, contingent on her continuous service as a director through that date. Following this award, she directly holds 25,991 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ongman Patti H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 3,644 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $.01 Per Share — 25,991 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,644 units
Post-transaction holdings: 25,991 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
3,644 units
Restricted stock units awarded to director on June 11, 2026
Post-transaction holdings
25,991 shares
Common stock directly held after the grant
Grant price
$0.00 per share
Compensation-related RSU award, not open-market purchase
RSU vesting date
June 11, 2027
Cliff vesting date contingent on continuous director service
Key Terms
restricted stock units, cliff vest, continuous service, grant, award, or other acquisition
4 terms
restricted stock units financial
"Consists of restricted stock units ("RSUs") each representing a contingent right to receive one share"
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.
cliff vest financial
"The RSUs will cliff vest on June 11, 2027, subject to the Participant's continuous service"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
continuous service financial
"subject to the Participant's continuous service as a Director with G-III through the vesting date"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did GIII director Patti Ongman report?
Patti H. Ongman reported receiving 3,644 restricted stock units in G-III Apparel Group common stock. This is a compensation-related equity award, not an open-market purchase or sale, and increases her direct holdings to 25,991 shares after the grant.
When do Patti Ongman’s newly granted GIII RSUs vest?
The 3,644 restricted stock units granted to Patti H. Ongman will cliff vest on June 11, 2027. Vesting is conditioned on her continuous service as a director with G-III Apparel Group through that vesting date, according to the disclosure.
Are Patti Ongman’s GIII restricted stock units an open-market purchase?
No, the 3,644 units are a grant of restricted stock units, not an open-market purchase. They were awarded as compensation with a zero dollar grant price and vesting conditions tied to continued board service through June 11, 2027.
What does the RSU footnote in Patti Ongman’s GIII filing explain?
The footnote explains that each RSU represents a contingent right to receive one G-III common share. It also states the award cliff vests on June 11, 2027, provided Patti H. Ongman continuously serves as a director with G-III until that date.