G-III CFO PSU vesting and tax withholding reported
G-III Apparel Group Chief Financial Officer Neal Nackman reported routine equity compensation activity tied to prior performance awards.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
G-III Apparel Group Chief Financial Officer Neal Nackman reported routine equity compensation activity tied to prior performance awards. On June 15, 2026, 21,704 Performance Stock Units vested after the company achieved 150% of both its three-year cumulative earnings before interest and taxes and three-year average return on invested capital goals for the fiscal 2024–2026 performance period.
In connection with this vesting and a prior grant of 14,469 restricted stock units, 18,251 shares were withheld to cover tax obligations, which is recorded as a disposition but not an open-market sale. Following these transactions, Nackman directly holds 49,525 shares of G-III common stock.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NACKMAN NEAL
Role
Chief Financial Officer/Treas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $.01 Per Share | 21,704 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, Par Value $.01 Per Share | 18,251 | $34.63 | $632K |
Holdings After Transaction:
Common Stock, Par Value $.01 Per Share — 49,525 shares (Direct)
Footnotes (2)
- F1. Consists of the vesting of 21,704 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 21,704 PSUs and 14,469 restricted stock units ("RSUs"). The grant of the RSUs was reported on the Form 4 filed May 1, 2023.
Key Figures
PSUs vested: 21,704 shares
Tax-withheld shares: 18,251 shares
RSUs referenced: 14,469 units
+3 more
6 metrics
PSUs vested
21,704 shares
Performance Stock Units vesting on June 15, 2026
Tax-withheld shares
18,251 shares
Shares withheld to cover tax obligations
RSUs referenced
14,469 units
Restricted stock units tied to the tax withholding
Shares held after transactions
67,776 shares
Direct G-III common stock ownership by CFO after Form 4 events
Performance achievement level
150% of both metrics
Three-year EBIT and ROIC goals for fiscal 2024–2026
Transaction price reference
$34.63 per share
Value used for tax-withholding disposition entry
Key Terms
Performance Stock Units, restricted stock units, earnings before interest and taxes, return on invested capital, +1 more
5 terms
Performance Stock Units financial
"Consists of the vesting of 21,704 Performance Stock Units ("PSUs"), each representing a contingent right..."
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.
restricted stock units financial
"Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 21,704 PSUs and 14,469 restricted stock units..."
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.
earnings before interest and taxes 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..."
Earnings before interest and taxes (EBIT) is a company's profit from its core operations after subtracting operating costs like salaries and rent but before deducting interest payments and income taxes. It matters to investors because it isolates operating performance—like measuring a store’s earnings from sales before loan payments and taxes—making it easier to compare profitability across companies with different financing or tax situations.
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.
Performance Period financial
"during the three-year performance period of fiscal 2024 through fiscal 2026 (the "Performance Period")."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates