Sammy Aaron - Mar 29, 2022 Form 4 Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Role
Vice Chairman and President, Director
Signature
/s/ Sammy Aaron
Stock symbol
GIII
Transactions as of
Mar 29, 2022
Transactions value $
-$2,464,124
Form type
4
Date filed
3/31/2022, 09:32 PM
Previous filing
Mar 23, 2022
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIII Common Stock, Par Value $.01 Per Share Award $0 +152K +38.57% $0.00 547K Mar 29, 2022 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Tax liability -$2.46M -84.2K -15.39% $29.27 463K Mar 29, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an amendment to his employment agreement, Mr. Aaron reduced the amount of the contractual annual cash bonus earned by him for the fiscal year ended January 31, 2022 that is paid in cash and received 152,235 shares of common stock in lieu of the payment of the portion of his fiscal 2022 cash bonus owed to him in excess of a specified capped amount.
F2 Represents shares withheld to satisfy the Reporting Person's tax obligations in connection with the shares described in Footnote 1.