GOLDFARB MORRIS 4
4 · G III APPAREL GROUP LTD /DE/ · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
G-III CEO Morris Goldfarb Receives 76,775-Share Award
What Happened Morris Goldfarb, CEO and Director of G-III Apparel Group (GIII), was granted 76,775 restricted stock units (RSUs) on April 30, 2026. The RSUs were reported at $0.00 per unit (no purchase price) and thus show $0 cash outlay. This is an award/grant (transaction code A), not a market purchase or sale.
Key Details
- Transaction date: 2026-04-30; Form 4 filed 2026-05-04 (timely within the two-business-day reporting window).
- Grant: 76,775 RSUs @ $0.00 (reported value $0 on Form 4); RSUs represent a contingent right to one G-III share each.
- Vesting/conditions: RSUs cliff vest on April 15, 2029 only if Goldfarb remains employed or continues to provide services to G-III (per footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction type: Award/Grant (A) — non-cash compensation designed for retention/long-term alignment.
Context RSU grants are compensation, not immediate buys or sells; these units convert to shares only if the vesting conditions are met (here, a single cliff vest in 2029). Such awards are common for executive retention and do not necessarily signal near-term bullish or bearish trading intent.
Insider Transaction Report
- Award
Common Stock, Par Value $.01 Per Share
[F1]2026-04-30+76,775→ 4,064,856 total
- 200,000(indirect: By Trust)
Common Stock, Par Value $.01 Per Share
- 166,750(indirect: By LLC)
Common Stock, Par Value $.01 Per Share
- 200,000(indirect: By Trust)
Common Stock, Par Value $.01 Per Share
- 29,666(indirect: By Spouse)
Common Stock, Par Value $.01 Per Share
- 140,258(indirect: By Foundation)
Common Stock, Par Value $.01 Per Share
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.