In 2023, Morris Goldfarb earned $14.06M in total compensation at G-III Apparel Group, including $1.35M salary, $9.38M bonus and $3.13M in stock. Most recently sold 334,028 shares in Sep 2024. Currently holds stock worth $93.85M. Has donated $13.84M in stock to charitable causes. Has led G-III Apparel Group for over 36 years.
Compensation History
Annual executive compensation data for Morris Goldfarb, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$14.06M
Salary
$1.35M
Bonus
$9.38M
Other
$188.96K
Salary
$1.35MBoard Justification
The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while ensuring competitive packages to attract and retain top talent.
Bonus
$9.38MBoard Justification
The annual cash incentive for fiscal 2024 was based on adjusted pre-tax income, with a target award of $4,000,000 and an actual payout of 234.6% due to exceeding performance targets.
Other Compensation
$188.96KBoard Justification
Other compensation includes life insurance premiums, 401(k) matching contributions, and other benefits.
Restricted Stock
Board Justification
The stock awarded in fiscal 2024 consists of RSUs that vest on June 15, 2026, and PSUs that vest based on performance metrics over three years, with a total of 156,270 shares awarded.
Performance Metrics
The performance metrics for the annual cash incentive included adjusted pre-tax income, change in basic common stock outstanding, and adjusted EPS.
Morris Goldfarb
CEO of G-III Apparel Group
Education
N/A
Field of Expertise
Business & Management - Business
Sector of Economy
Consumer Cyclical
Born
January 1, 1953 - 72 years ago
CEO of G-III Apparel Group for
36 years 11 months (Jan 1989 - Present)
Previous Experience
N/A
Holdings
Track Morris Goldfarb's stock holdings and portfolio value over time.
Total Stock Sold
$165.65M
$165.65M
3,936,896 GIII shares
What if they kept their stock?
If Morris Goldfarb didn't sell their stock, today they would have:
Extra GIII3,936,896 shares worth $116.26M.
This is -29.82% and $49.40M less than what they got when they sold the stock.
Charitable Transactions
468,800 shares
GIII
Recent Charitable Transactions
10,000 shares
GIII
Oct 7, 2014
Charity
10,000 shares
GIII
Jan 31, 2014
Charity
200,000 shares
GIII
Jan 31, 2013
Charity
4,400 shares
GIII
Jan 31, 2012
Charity
10,000 shares
GIII
Jan 31, 2010
Charity
Insider Trading
Morris Goldfarb's recent stock transactions, purchases, and sales filed with the SEC.
$10.34M
GIII at $30.95/share
Sep 24, 2024
Sale
95,450 shares
GIII
Apr 1, 2024
Received
83,333 shares
GIII
Mar 27, 2024
Received
104,180 shares
GIII
Apr 27, 2023
Received
$3.14M
GIII at $12.54/share
Dec 5, 2022
Purchase
415,704 shares
GIII
Mar 29, 2022
Received
$20.28M
GIII at $19.76/share
Nov 30, 2021
Received
127,266 shares
GIII
Mar 16, 2021
Received
63,633 shares
GIII
Mar 16, 2021
Received
375,000 shares
GIII
Apr 27, 2020
Received
Rivals
Compare Morris Goldfarb with competitor CEOs and industry peers.