BROSIG THOMAS 4
Research Summary
AI-generated summary
G-III Apparel (GIII) Director Thomas Brosig Receives 4,065 RSU Award
What Happened
- Thomas Brosig, a director of G-III Apparel Group, Ltd. (GIII), was granted 4,065 restricted stock units (RSUs) on June 11, 2026. The reported acquisition price is $0.00 (award), so the grant value is shown as $0 at issuance. These RSUs are a compensation award, not an open-market purchase.
Key Details
- Transaction type: A (Award/Grant)
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed within the standard reporting window)
- Shares/units granted: 4,065 RSUs; price per unit at grant: $0.00; total reported value at grant: $0
- Vesting: RSUs cliff-vest on June 11, 2027, subject to Brosig’s continuous service as a director through that date (per footnote)
- Shares owned after transaction: Not specified in the provided filing excerpt
- Notable footnote: Each RSU represents a contingent right to one share of G-III common stock upon vesting
Context
- RSUs are a form of equity compensation; no actual shares are issued until the RSUs vest, so this award does not immediately increase Brosig’s voting power or transferable shares. Such awards are common for directors and typically reflect compensation arrangements rather than an immediate market signal.