CEO and President voluntarily cut FY2022 cash bonuses by 56% and 35%, receive restricted stock

G III APPAREL GROUP LTD /DE/

CEO Morris Goldfarb's cash bonus capped at $7.5M (down from $17.2M); receives 415,704 shares with 3-year holding restriction.
President Sammy Aaron's cash bonus capped at $7.25M (down from $11.2M); receives 152,235 shares with 1-year holding restriction.
Changes respond to shareholder outreach over bonus size; shift to stock-based compensation improves alignment.
2015 Long-Term Incentive Plan amended to allow stock withholding for taxes without vesting.
Restriction periods last 3 years (Goldfarb) and 1 year (Aaron), lapsed only on death, disability, or change in control.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.