Aaron Sammy 4

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.