G-III Apparel (NASDAQ: GIII) director receives 3,644 RSUs in equity grant
Rhea-AI Filing Summary
Herrero Amigo Victor reported acquisition or exercise transactions in this Form 4 filing.
G-III Apparel Group director Victor Herrero Amigo received a grant of 3,644 restricted stock units (RSUs) of common stock as compensation. The RSUs carry no purchase price and will cliff vest on June 11, 2027, if he continues serving as a director through that date. Following this grant, he directly holds 58,390 shares of G-III common stock, including these unvested RSUs.
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Insights
Routine director RSU grant with three-year cliff vesting.
Director Victor Herrero Amigo received 3,644 RSUs of G-III Apparel Group common stock at no cost. RSUs are equity awards that convert into shares if service or performance conditions are met, aligning director incentives with shareholders.
The footnote explains these RSUs will cliff vest on June 11, 2027, contingent on continuous board service. This is a standard governance practice and does not involve open-market buying or selling, so it is best viewed as routine compensation rather than a directional trading signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 3,644 | $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 June 11, 2027, subject to the Participant's continuous service as a Director with G-III through the vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
cliff vest financial
continuous service financial
beneficial ownership financial
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