other material
confidence high
sentiment neutral
materiality 0.40
G-III grants PSUs to NEOs tied to 3-year EBIT and ROIC targets
G III APPAREL GROUP LTD /DE/
- PSU awards to five NEOs: Goldfarb 115,163, Aaron 86,372, J. Goldfarb 33,589, Perlman 15,994, Nackman 7,997.
- Vesting based on three-year cumulative Adjusted EBIT (75% weighting) and three-year average ROIC (25% weighting).
- PSU payout can range from 50% to 150% of target depending on performance relative to thresholds.
- Vesting date set for April 15, 2029, subject to continuous employment and committee certification.
- Awards granted under the 2023 Long-Term Incentive Plan; settlement in shares or cash at committee's discretion.