G-III Apparel (NASDAQ: GIII) grants 57,581 RSUs to Vice Chairman
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aaron Sammy reported acquisition or exercise transactions in this Form 4 filing.
G-III Apparel Group director and executive Sammy Aaron reported an equity compensation grant in the form of restricted stock units (RSUs). He was awarded 57,581 RSUs, each representing a contingent right to receive one share of G-III common stock at no cash cost per share.
The RSUs were granted on April 30, 2026 and will cliff vest on April 15, 2029, provided he remains employed by or continues to provide services to G-III through that date. Following this grant, he holds 325,142 shares of common stock directly, highlighting this as a sizable but compensation-related, non-market transaction rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aaron Sammy
Role
Vice Chairman and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 57,581 | $0.00 | -- |
Holdings After Transaction:
Common Stock, Par Value $.01 Per Share — 325,142 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 57,581 RSUs
Post-transaction holdings: 325,142 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
57,581 RSUs
Equity award reported on April 30, 2026
Post-transaction holdings
325,142 shares
Total common stock held directly after grant
Grant price per share
$0.00 per share
Equity compensation with no cash paid for RSUs
Vesting date
April 15, 2029
Cliff vesting date for all 57,581 RSUs
Key Terms
restricted stock units ("RSUs"), cliff vest, contingent right, Grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs") each representing a contingent right"
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.
cliff vest financial
"The RSUs will cliff vest on April 15, 2029 only if the Reporting Person remains"
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.
contingent right financial
"each representing a contingent right to receive one share of common stock"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did GIII director Sammy Aaron report in this Form 4 filing?
Sammy Aaron reported receiving a grant of 57,581 restricted stock units from G-III Apparel Group. Each RSU represents a contingent right to one share of common stock, awarded as equity compensation rather than an open-market stock purchase or sale.
When do Sammy Aaron’s GIII restricted stock units vest?
The restricted stock units will cliff vest on April 15, 2029 if service continues. This means none of the 57,581 RSUs vest before that date; they vest all at once, contingent on his continued employment or service with G-III Apparel Group.
Does the GIII Form 4 show an open-market stock purchase or sale?
No, the filing shows a grant coded as an acquisition (Code A) of restricted stock units, not an open-market trade. The reported transaction reflects equity compensation awarded by G-III Apparel Group, with a price per share of zero in the filing.
What conditions apply to Sammy Aaron’s GIII restricted stock units?
The RSUs represent a contingent right to receive one G-III share per unit, but only if he remains employed by or continues providing services to the company through April 15, 2029. Failing that condition would prevent vesting under the described terms.