Form 4: G-III Apparel Group Director Patti H. Ongman Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Director Patti H. Ongman reports acquisition of restricted stock units and disposal of common stock.
Summary
- Patti H. Ongman, a director of G-III Apparel Group, reported transactions involving the company's securities.
- On June 18, 2024, Ongman acquired 4,737 restricted stock units (RSUs), each representing a contingent right to receive one share of G-III common stock.
- The RSUs will vest on June 18, 2025, contingent upon Ongman's continuous service as a director.
- On the same day, Ongman disposed of 16,230 shares of common stock.
- Following these transactions, Ongman beneficially owns 16,230 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The RSUs will vest on June 18, 2025, contingent upon Ongman's continuous service as a director.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the apparel industry and other publicly traded sectors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company insider.
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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