Sundar PichaiSundar Pichai earned $164M in 2023

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...

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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 3 months (Jan 1989 - Present)

Previous Experience

N/A

Holdings

See how much did Morris Goldfarb make over time.

Morris Goldfarb's significant stock holdings in G-III Apparel Group reflect his confidence in the company's direction. Over the years, his wealth has fluctuated as stock performance aligns with the company's successes and overall market conditions. At the peak, Goldfarb's holdings...

Total Stock Sold

$116.40M

GIII

$116.40M

3,769,882 GIII shares

What if they kept their stock?

If Morris Goldfarb didn't sell their stock, today they would have:
Extra GIII3,769,882 shares worth $28.01M.
This is -75.94% and $88.39M less than what they got when they sold the stock.

Charitable Transactions

GIII

468,800 shares

GIII

Recent Charitable Transactions

GIII

10,000 shares

GIII

Oct 7, 2014

Charity

GIII

10,000 shares

GIII

Jan 31, 2014

Charity

GIII

200,000 shares

GIII

Jan 31, 2013

Charity

GIII

4,400 shares

GIII

Jan 31, 2012

Charity

GIII

10,000 shares

GIII

Jan 31, 2010

Charity

Insider Trading

See recent insider trades of Morris Goldfarb.

GIII

$5.17M

GIII at $30.95/share

Sep 24, 2024

Sale

GIII

95,450 shares

GIII

Apr 1, 2024

Received

GIII

83,333 shares

GIII

Mar 27, 2024

Received

GIII

104,180 shares

GIII

Apr 27, 2023

Received

GIII

$3.14M

GIII at $12.54/share

Dec 5, 2022

Purchase

GIII

415,704 shares

GIII

Mar 29, 2022

Received

GIII

$20.28M

GIII at $19.76/share

Nov 30, 2021

Received

GIII

127,266 shares

GIII

Mar 16, 2021

Received

GIII

63,633 shares

GIII

Mar 16, 2021

Received

GIII

375,000 shares

GIII

Apr 27, 2020

Received

Compensation History

See how much did Morris Goldfarb make over time.

In fiscal 2024, Morris Goldfarb's total compensation was an eye-popping $31.4 million, showcasing his success as the driving force behind G-III Apparel Group. His base salary was $1.15 million, but the bulk of his earnings came from a performance-based bonus of $9.38 million, a reward for surpassing ambitious company targets. Additionally, Goldfarb received over $20 million in stock-based awards, highlighting the alignment of his interests with shareholder success. His compensation reflects a structured approach, emphasizing performance and results over guaranteed payouts. This mix of salary, bonuses, and stock underscores a commitment to motivate leadership based on company growth and profitability.

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.