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:   2023-05-01T23:59:59+00:00
Accession:  0001558370-23-007484
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel grants 300,963 PSUs to named execs; vesting based on 3-year EBIT and ROIC
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- PSUs awarded to CEO Morris Goldfarb (156,270), President Sammy Aaron (86,816), EVP Jeffrey Goldfarb (43,408), CFO Neal Nackman (14,469).
- Vesting 75% on 3-year cumulative Adjusted EBIT target, 25% on 3-year average ROIC target (27% hypothetical tax rate).
- Maximum vesting 150% of target, minimum 50%; none if below threshold; vesting date June 15, 2026.
- Awards under 2015 Long-Term Incentive Plan, as amended; settlement in shares within 90 days post-vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837023007484/0001558370-23-007484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837023007484/giii-20230427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007484

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