Short answer
G III APPAREL GROUP LTD /DE/ (GIII) filed an 8-K current report with the SEC on May 4, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). Executives awarded 259,115 PSUs tied to fiscal 2027–2029 cumulative Adjusted EBIT and average ROIC performance.
G III APPAREL GROUP LTD /DE/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Executives awarded 259,115 PSUs tied to fiscal 2027–2029 cumulative Adjusted EBIT and average ROIC performance
- Morris Goldfarb received 115,163 PSUs; Sammy Aaron 86,372; Jeffrey Goldfarb 33,589
- Adjusted EBIT drives 75% of vesting, while ROIC drives 25%, emphasizing operating earnings performance
- Payout ranges from 0% to 150% per metric, creating meaningful upside and downside versus target achievement
- Shares settle by July 14, 2029, contingent on continued executive employment through April 15, 2029
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