Herrero Amigo Victor 4
Research Summary
AI-generated summary
G-III (GIII) Director Victor Herrero Receives 3,644 RSUs
What Happened Victor Herrero, a director of G-III Apparel Group, Ltd. (GIII), was awarded 3,644 restricted stock units (RSUs) on June 11, 2026. The RSUs were granted at a $0.00 per-unit purchase price (transaction code A — award), meaning there was no cash paid at grant. Each RSU represents a contingent right to receive one share of G-III common stock.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely).
- Award: 3,644 RSUs; grant price reported as $0.00.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: RSUs cliff vest on June 11, 2027, subject to Herrero’s continuous service as a director through the vesting date.
- Transaction type/code: A (award/grant of derivative security — RSUs).
Context RSU awards are a form of equity compensation and do not represent immediately tradable shares until they vest; these cliff-vesting RSUs will convert to shares only if the director remains in service through 6/11/2027. Such grants are a routine part of director compensation and should not be read as an immediate market buy or sell signal.