Aaron Sammy 4
4 · G III APPAREL GROUP LTD /DE/ · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
G‑III (GIII) Vice Chairman Aaron Sammy Receives Award, Withholds Shares
What Happened
Aaron Sammy, Vice Chairman and President (and a director) of G‑III Apparel Group (GIII), had 130,224 Performance Stock Units (PSUs) vest on 2026-06-15 (award). To satisfy the related tax obligation, 120,024 shares were withheld/disposed at $34.63 per share for a value of $4,156,431. The PSUs were granted on April 27, 2023 and vested based on achievement of performance metrics.
Key Details
- Transaction date: 2026-06-15 (reported on Form 4 filed 2026-06-17).
- Award: 130,224 PSUs vested (acquisition reported at $0.00 per share).
- Disposition (tax withholding): 120,024 shares at $34.63 = $4,156,431 (code F).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote F1: PSUs were subject to two performance metrics (3-year cumulative EBIT and 3-year average ROIC for fiscal 2024–2026); Company achieved 150% of both metrics, producing the payout.
- Footnote F2: The 120,024 shares withheld satisfied tax obligations related to vesting of 130,224 PSUs and 86,816 RSUs (the RSU grant was reported May 1, 2023).
- Filing timeliness: filing shows report date two days after the transaction (no late filing flag provided).
Context
PSUs are performance-based awards that convert into shares if targets are met; here, strong performance produced a 150% payout. The 120,024-share disposition was a tax-withholding (company-retained) event, not an open-market sale by the insider, and thus is a routine administrative disposition rather than a signal of sentiment.
Insider Transaction Report
- Award
Common Stock, Par Value $.01 Per Share
[F1]2026-06-15+130,224→ 455,495 total - Tax Payment
Common Stock, Par Value $.01 Per Share
[F2]2026-06-15$34.63/sh−120,024$4,156,431→ 335,471 total
Footnotes (2)
- [F1]Consists of the vesting of 130,224 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 130,224 PSUs and 86,816 restricted stock units ("RSUs"). The grant of the RSUs was reported on the Form 4 filed May 1, 2023.