NACKMAN NEAL bought GIII
April 1, 2024 · Form 4 insider transaction
NACKMAN NEAL bought 8,591 shares of G-III Apparel Group, Ltd. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Consists of the vesting of 8,591 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.