Form 4: G-III Apparel Director Richard White Transfers Shares via Gift

Director Richard White of G-III Apparel Group transferred a total of 33,306 shares of common stock as gifts to family members.

Summary

• Richard White, a director at G-III Apparel Group, has reported the transfer of 33,306 shares of common stock.
• These shares were transferred as gifts to immediate family members who do not reside in the same household.
• The transactions occurred on December 6, 2024.
• The transfers did not involve any monetary exchange, with a price of $0 per share listed for both transactions.
• Following these transactions, Richard White directly owns 84,282 shares of G-III Apparel stock.
• Additionally, 1,268 shares are held indirectly through the Alexandra White Grantor Trust and another 1,268 shares through the Elizabeth White Grantor Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock transfer, which is neutral in sentiment. It does not indicate any positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in publicly traded companies. It does not indicate any significant change in the company's operations or financial health.

Comparison to Industry Standards

• These types of transactions are common among directors and officers of publicly traded companies.
• The reporting of these transactions is mandated by the SEC to ensure transparency and prevent insider trading.
• Similar filings can be seen across the apparel industry and other sectors where executives hold company stock.

Stakeholder Impact

• The stock transfer does not have a direct impact on shareholders, employees, customers, suppliers, or creditors as it is a personal transaction of a director.

Key Dates

Keywords

G-III Apparel Group, Richard White, stock transfer, gift, beneficial ownership, director, SEC Form 4