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...

Current Market Cap

$1.32B

Number of Employees

4.6K

Total Compensation

2019 - 2023

Trending up by 0.07% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -75.43% last year

Salary

Up by 35.00% last year

Bonus

Up by 0.00% last year

Other

Down by -35.04% last year

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

Ex-CEO of G-III Apparel Group

MG

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

May 15, 1959 - 65 years ago

Is Founder?

No

Tenure

25 years 11 months (Apr 1998 - Mar 2024)

Previous Experience

CEO of G-III Apparel Group, Ltd.

View Holdings

Insider Holdings of Morris Goldfarb

GIIIOPY

$134.10M

-$17.31M (-11.43%)

Last Insider Trade

GIII

$2.03M

GIII at $30.30/share

Sep 24, 2024

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