Ongman Patti H 4
Research Summary
AI-generated summary
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.