Yaeger Andrew 4
Research Summary
AI-generated summary
G-III Apparel Director Andrew Yaeger Receives RSU Award
What Happened
- Andrew Yaeger, a director of G-III Apparel Group, Ltd. (GIII), was granted 3,644 restricted stock units (RSUs) on June 11, 2026. The units were reported as acquired at $0.00 (no cash purchase) on a Form 4 filed June 15, 2026.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely filing).
- Transaction type: Award/Grant of RSUs (code A on Form 4).
- Shares/units granted: 3,644 RSUs; reported acquisition price: $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The RSUs each represent a contingent right to receive one share and will cliff-vest on June 11, 2027, subject to Yaeger’s continuous service as a director through the vesting date.
Context
- RSUs are a form of equity compensation that convert to shares only upon vesting; this grant does not result in immediate ownership of common stock or an immediate sale. Such awards are common for directors and are governance/compensation-related rather than direct market bets.