---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-004941"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T12:50:54.606214+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-004941
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837022004941/0001558370-22-004941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837022004941/giii-20220329x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-004941
- JSON: https://secwatch.observer/filing/0001558370-22-004941.json
- Plain text: https://secwatch.observer/filing/0001558370-22-004941.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.