Form 4: Movado COO Behzad Soltani Acquires Phantom Stock Units Under Deferred Compensation Plan

Movado Group Inc.'s Chief Operating Officer, Behzad Soltani, has acquired 112.77 phantom stock units as part of the company's deferred compensation plan.

Summary

• Behzad Soltani, Chief Operating Officer of Movado Group Inc. (MOV), acquired 112.77 phantom stock units.
• The transaction date for the acquisition was June 30, 2025.
• Each phantom stock unit is economically equivalent to one share of Movado Group, Inc. common stock.
• These units were acquired under the issuer's Deferred Compensation Plan.
• The phantom stock units are distributable in equal annual installments over 10 years following the reporting person's termination of employment with the issuer.
• Following this transaction, Behzad Soltani beneficially owns a total of 1,881.81 phantom stock units.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a key executive is generally viewed as a neutral to slightly positive event, indicating executive alignment and retention, but it does not convey significant new financial performance information.

Positives

• The acquisition of phantom stock units aligns the Chief Operating Officer's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.
• Participation in a deferred compensation plan can serve as a retention mechanism for key executives.

Future Outlook

The acquired phantom stock units are scheduled to be distributed in equal annual installments over 10 years following the reporting person's termination of employment.

Industry Context

This filing details an internal executive compensation event for Movado Group Inc. and does not directly reflect broader industry trends or competitive dynamics, but rather standard corporate governance and compensation practices.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by the COO aligns his financial interests with the company's stock performance, potentially benefiting shareholders through improved executive motivation and long-term focus.
• Employees (specifically the COO): Behzad Soltani benefits from deferred compensation tied to the company's equity, providing a long-term incentive and retirement benefit.

Next Steps

• Distribution of phantom stock units in equal annual installments for 10 years following the reporting person's termination of employment.

Key Dates

Keywords

Movado Group Inc., MOV, Behzad Soltani, Chief Operating Officer, Phantom Stock Units, Deferred Compensation Plan, SEC Form 4, Insider Transaction, Executive Compensation