GOLDFARB MORRIS 4
4 · G III APPAREL GROUP LTD /DE/ · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
GIII CEO Morris Goldfarb Receives Award; 187,238 Shares Withheld
What Happened
Morris Goldfarb, CEO and director of G‑III Apparel Group (GIII), had 234,405 Performance Stock Units (PSUs) vest on June 15, 2026 (award/acquisition). To satisfy tax withholding obligations, 187,238 shares were withheld/treated as disposed at $34.63 per share, producing a withholding value of $6,484,052. The PSUs were originally granted April 27, 2023 and vested because the company achieved 150% of the applicable performance metrics for the 2024–2026 performance period.
Key Details
- Transaction dates: vesting and withholding occurred on 2026-06-15; Form 4 filed 2026-06-17 (appears timely).
- Award/acquisition: 234,405 shares (PSUs vested) at $0.00 (code A).
- Tax withholding (disposition): 187,238 shares at $34.63 = $6,484,052 (code F).
- Footnotes: F1 — PSUs vested after meeting two performance metrics (3‑year cumulative EBIT and 3‑year avg ROIC) at 150% payout. F2 — The 187,238 withheld shares cover the tax obligation for the vesting of 234,405 PSUs and 104,180 RSUs (RSUs originally reported May 1, 2023).
- Shares owned after transaction: not specified in the provided filing.
Context
This was a performance-based equity vesting event, not an open‑market sale or purchase. The F-code disposition reflects shares withheld to satisfy taxes (a common, administrative action), not an indication of an independent sale of shares on the market. The filing was submitted two days after the transaction date, consistent with standard Section 16 reporting timing.
Insider Transaction Report
- Award
Common Stock, Par Value $.01 Per Share
[F1]2026-06-15+234,405→ 4,299,433 total - Tax Payment
Common Stock, Par Value $.01 Per Share
[F2]2026-06-15$34.63/sh−187,238$6,484,052→ 4,112,195 total
- 200,000(indirect: By Trust)
Common Stock, Par Value $.01 Per Share
- 166,750(indirect: By LLC)
Common Stock, Par Value $.01 Per Share
- 200,000(indirect: By Trust)
Common Stock, Par Value $.01 Per Share
- 29,666(indirect: By Spouse)
Common Stock, Par Value $.01 Per Share
- 140,258(indirect: By Foundation)
Common Stock, Par Value $.01 Per Share
Footnotes (2)
- [F1]Consists of the vesting of 234,405 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd., granted on April 27, 2023, subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes and (ii) three-year average return on invested capital during the three-year performance period of fiscal 2024 through fiscal 2026 (the "Performance Period"). The Company achieved 150% of both metrics during the Performance Period.
- [F2]Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 234,405 PSUs and 104,180 restricted stock units ("RSUs"). The grant of the RSUs was reported on the Form 4 filed May 1, 2023.