Corporate GovernanceMay 4, 2026, 04:13 PM
G-III Apparel Awards Performance Share Units to Executives
AI Summary
G-III Apparel Group's Compensation Committee awarded performance share units (PSUs) to its named executive officers under the 2023 Long-Term Incentive Plan. These PSUs will vest based on the company's performance against two metrics: three-year cumulative Adjusted EBIT (75% weighting) and three-year average ROIC (25% weighting) for fiscal years 2027-2029. The actual number of shares received can range from 50% to 150% of the awarded PSUs, contingent on performance and continued employment.
Key Highlights
- Morris Goldfarb, Chairman, CEO, and Director, awarded 115,163 PSUs.
- Sammy Aaron, Vice Chairman, President, and Director, awarded 86,372 PSUs.
- Jeffrey Goldfarb, Executive Vice President and Director, awarded 33,589 PSUs.
- Dana Perlman, Chief Growth and Operations Officer, awarded 15,994 PSUs.
- Neal S. Nackman, Chief Financial Officer, awarded 7,997 PSUs.
- PSUs vest based on 75% three-year cumulative Adjusted EBIT and 25% three-year average ROIC.
- The performance period for the PSUs is fiscal 2027 through fiscal 2029.
- The number of vested PSUs can range from 50% to 150% of the awarded amount.
Price Impact
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