Form 4: G-III Apparel Group Director Acquires and Disposes of Shares
SEC Form 4 Filing
Director Michael A. Shaffer reports acquisition of restricted stock units and disposal of common stock in G-III Apparel Group.
Summary
- On June 18, 2024, Michael A. Shaffer, a director of G-III Apparel Group, acquired 5,648 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock.
- The RSUs will vest on June 18, 2025, contingent upon Shaffer's continuous service as a director.
- Shaffer also disposed of 12,055 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The RSUs will vest on June 18, 2025, subject to the director's continuous service.
Industry Context
This filing reflects standard executive compensation practices within publicly traded companies, where stock options and restricted stock units are used to align the interests of directors and management with those of shareholders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of transaction: acquisition of RSUs and disposal of common stock. |
| 06/18/2025 | Vesting date for the acquired restricted stock units. |
| 06/25/2024 | Date of signature for the Form 4 filing. |
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