Jeffrey Goldfarb - Apr 1, 2024 Form 4 Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Signature
/s/ Jeffrey Goldfarb
Stock symbol
GIII
Transactions as of
Apr 1, 2024
Transactions value $
-$579,273
Form type
4
Date filed
4/3/2024, 08:20 PM
Previous filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIII Common Stock, Par Value $.01 Per Share Award $0 +23.9K +4.75% $0.00 526K Apr 1, 2024 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Tax liability -$579K -20.3K -3.86% $28.53 505K Apr 1, 2024 Direct F2
holding GIII Common Stock, Par Value $.01 Per Share 24.9K Apr 1, 2024 Amanda Julie Goldfarb 2007 Trust
holding GIII Common Stock, Par Value $.01 Per Share 47.2K Apr 1, 2024 JARS Portfolio LLC
holding GIII Common Stock, Par Value $.01 Per Share 2.2K Apr 1, 2024 Ryan Gabriel Goldfarb 2009 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of the vesting of 23,862 Performance Stock Units ("PSUs"), each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd., granted on March 16, 2021, subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes ("Adjusted EBIT") and three-year average return on invested capital ("ROIC") during the three-year performance period of fiscal 2022 through fiscal 2024 (the "Performance Period"). The actual amounts to vest at the end of the Performance Period can range from 0% to 150%. The Company achieved 150% for both metrics during the Performance Period.
F2 Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 23,862 PSUs and 15,908 restricted stock units ("RSUs"). The grant of the RSUs was reported on Form 4 filed June 30, 2021.