Morris Goldfarb has been the CEO of G-III Apparel Group since 1998. He holds a Bachelor's degree in Business Administration and has a strong background in business management. Under his leadership, G-III has seen impressive financial successes, including an adjusted...

Number of Employees

4.6K

Year

2023

Total Compensation

$14.06M

Salary

$1.35M

Board 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

$9.38M

Board 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

$188.96K

Board Justification

Other compensation includes life insurance premiums, 401(k) matching contributions, and other benefits.

Restricted Stock

$3.13M(104.18K RSU)

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.

SEC Filing

From May 10, 2024

Morris Goldfarb

CEO of G-III Apparel Group

G

Education

N/A

Field of Expertise

Business & Management - Business

Born

January 1, 1953 - 72 years ago

Is Founder?

No

Current Tenure

36 years 0 months (Jan 1989 - Present)

Previous Experience

N/A