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:   2024-04-03T23:59:59+00:00
Accession:  0001558370-24-004673
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III awards PSUs to named executives tied to 3-year Adjusted EBIT & ROIC targets
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- Morris Goldfarb (CEO) awarded 125,000 PSUs; other NEOs receive 93,750, 36,458, and 7,812 PSUs.
- PSUs vest March 28, 2027; payout can range from 50% to 150% of target based on performance metrics.
- 75% of PSUs based on cumulative Adjusted EBIT, 25% on average ROIC over fiscal 2025-2027.
- Grants made under 2023 Long-Term Incentive Plan; form agreement filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837024004673/0001558370-24-004673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837024004673/giii-20240328x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004673

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