Form 4: G-III Apparel Director Richard White Acquires 8,470 Restricted Stock Units

G-III Apparel Group, Ltd. Director Richard White reported the acquisition of 8,470 restricted stock units, which will vest in June 2026, as part of his compensation.

Summary

• Richard White, a Director of G-III Apparel Group, Ltd. (GIII), acquired 8,470 Restricted Stock Units (RSUs) on June 12, 2025.
• These RSUs represent a contingent right to receive one share of common stock for each unit, with an acquisition price of $0 per unit.
• The RSUs are scheduled to cliff vest on June 12, 2026, contingent upon Mr. White's continuous service as a Director with G-III Apparel Group, Ltd. through that date.
• Following this transaction, Mr. White directly beneficially owns 92,752 shares of Common Stock.
• He also indirectly beneficially owns 1,268 shares through the Alexandra White Grantor Trust and 1,268 shares through the Elizabeth White Grantor Trust.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as the filing indicates a standard equity compensation grant to a director, which aligns his interests with shareholders. It does not contain any negative news or significant operational updates.

Positives

• The acquisition of Restricted Stock Units (RSUs) by Director Richard White aligns his interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The vesting schedule, requiring continuous service until June 12, 2026, incentivizes long-term commitment from a key board member.

Negatives

• No specific negatives are indicated in this Form 4 filing, as it primarily reports a standard equity compensation grant.

Risks

• The vesting of the 8,470 Restricted Stock Units is contingent upon Richard White's continuous service as a Director with G-III Apparel Group, Ltd. through the vesting date of June 12, 2026. If his service ceases before this date, the RSUs may not vest.

Future Outlook

The 8,470 Restricted Stock Units granted to Director Richard White are scheduled to cliff vest on June 12, 2026, provided he maintains continuous service as a Director with G-III Apparel Group, Ltd. until that date.

Management Comments

• No specific management comments or quotes are provided in this Form 4 filing, which is a transactional report.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a common practice in the apparel and broader corporate sectors, serving as a form of equity compensation designed to align executive and director interests with long-term shareholder value. This filing reflects a routine compensation event rather than a specific industry trend.

Comparison to Industry Standards

• NA (This Form 4 filing reports a standard equity compensation grant to a director, and does not provide sufficient context or data for a detailed comparison to specific comparable companies, projects, or results within the apparel industry.)

Related Party Transactions

• The reporting person, Richard White, has indirect beneficial ownership of Common Stock through the Alexandra White Grantor Trust and the Elizabeth White Grantor Trust, each holding 1,268 shares. This is a disclosure of existing beneficial ownership, not a new related-party transaction.

Stakeholder Impact

• Shareholders: The grant of Restricted Stock Units to a director aligns management's long-term interests with shareholder value, as the value of the compensation is tied to the company's stock performance.
• Employees: No direct impact on general employees is indicated.

Next Steps

• The Restricted Stock Units are scheduled to cliff vest on June 12, 2026, subject to the Director's continuous service.

Key Dates

Keywords

G-III Apparel Group, GIII, Richard White, SEC Form 4, Restricted Stock Units, RSUs, Insider Trading, Director Compensation, Equity Grant