Ongman Patti H 4
4 · G III APPAREL GROUP LTD /DE/ · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
G-III Apparel (GIII) Director Patti Ongman Receives RSU Award
What Happened
Director Patti H. Ongman received an award of 3,644 restricted stock units (RSUs) on 2026-06-11. The grant is reported at $0.00 per unit (transaction code A — award/grant). These RSUs represent a contingent right to receive one share of G-III common stock per RSU if vesting conditions are met; they do not represent immediate share ownership.
Key Details
- Transaction date: 2026-06-11 — Award of 3,644 RSUs at $0.00 per unit.
- Filing date: 2026-06-15 (4 days after the transaction). Form 4s are generally due within two business days, so this filing appears later than the usual reporting window.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The RSUs will cliff vest on June 11, 2027, only if the participant maintains continuous service as a director through that vesting date.
Context
This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are commonly used to align executives/directors with shareholder interests, but they reflect compensation and vesting conditions rather than an immediate market-directed buy or sell signal. The award will convert into actual shares only if vesting conditions are met.
Insider Transaction Report
- Award
Common Stock, Par Value $.01 Per Share
[F1]2026-06-11+3,644→ 25,991 total
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.