Morris Goldfarb - Apr 1, 2025 Form 4 Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Role
CEO, Director
Signature
/s/ Morris Goldfarb
Stock symbol
GIII
Transactions as of
Apr 1, 2025
Transactions value $
-$1,336,352
Form type
4
Date filed
4/3/2025, 04:41 PM
Previous filing
Mar 21, 2025
SEC
View on sec.gov

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 $12.7M +500K $25.44 500K Mar 4, 2025 MORRIS GOLDFARB 2024 GRAT JG F1
transaction GIII Common Stock, Par Value $.01 Per Share Disposed to Issuer -$12.7M -500K -12.75% $25.44 3.42M Mar 4, 2025 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Award $12.7M +500K $25.44 500K Mar 4, 2025 MORRIS GOLDFARB 2024 GRAT LF F1
transaction GIII Common Stock, Par Value $.01 Per Share Disposed to Issuer -$12.7M -500K -14.61% $25.44 2.92M Mar 4, 2025 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Award $0 +87.9K +2.92% $0.00 3.1M Apr 1, 2025 Direct F2
transaction GIII Common Stock, Par Value $.01 Per Share Tax liability -$1.34M -48.6K -1.57% $27.48 3.05M Apr 1, 2025 Direct F3
holding GIII Common Stock, Par Value $.01 Per Share 200K Apr 1, 2025 Arlene Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 167K Apr 1, 2025 Goldfarb Family Partners, LLC
holding GIII Common Stock, Par Value $.01 Per Share 200K Apr 1, 2025 Morris Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 29.7K Apr 1, 2025 Spouse
holding GIII Common Stock, Par Value $.01 Per Share 76.2K Apr 1, 2025 The Morris And Arlene Goldfarb Family Foundation
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective March 4, 2025, Mr. Goldfarb transferred 500,000 shares of common stock to each of the MORRIS GOLDFARB 2024 GRAT JG and the MORRIS GOLDFARB 2024 GRAT LF.
F2 Consists of the vesting of 87,937 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 18, 2022, subject to the satisfaction of two metrics: (i) three-year cumulative earnings before interest and taxes and (ii) three-year average return on invested capital during the three-year performance period of fiscal 2023 through fiscal 2025 (the "Performance Period"). The portion of the PSU that vested based on the achievement of the performance metrics during the Performance Period was 61.4%.
F3 Represents shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 87,937 PSUs.