secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001558370-22-004282
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III awards 270,529 PSUs to top execs; vesting tied to FY23-25 EBIT and ROIC
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- CEO Morris Goldfarb received 143,221 PSUs; Vice Chairman Sammy Aaron 95,481; EVP Jeffrey Goldfarb 23,870; CFO Neal Nackman 7,957.
- PSUs vest on April 1, 2025, subject to three-year cumulative Adjusted EBIT and average ROIC targets.
- Vesting range: 50% to 150% of target shares; 75% weighting on EBIT, 25% on ROIC.
- Awards under 2015 Long-Term Incentive Plan; settlement in common stock within 90 days of vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837022004282/0001558370-22-004282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837022004282/giii-20220318x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer