Form 4: Movado Director Grinberg Boosts Phantom Stock Holdings

Movado Group Director Alexander Grinberg acquired 48.25 phantom stock units under the company's deferred compensation plan, increasing his beneficial ownership to 2,786.35 units.

Summary

• Alexander Grinberg, a Director of Movado Group, Inc. (MOV), acquired 48.25 phantom stock units.
• The transaction occurred on September 30, 2025.
• Phantom stock units are the economic equivalent of one share of Movado Group, Inc. common stock.
• These units were acquired under the issuer's Deferred Compensation Plan.
• The units are distributable in equal annual installments over 10 years following the reporting person's termination of employment.
• Following this transaction, Mr. Grinberg beneficially owns a total of 2,786.35 phantom stock units.
• The acquisition price for the derivative security (phantom stock unit) was $0.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as a director increasing their beneficial ownership, even through a compensation plan, generally indicates alignment with shareholder interests and a long-term view of the company's prospects. However, it's not a strong positive signal like a large open-market cash purchase.

Positives

• Increased beneficial ownership by a director, which can signal alignment of interests with shareholders.
• Acquisition through a deferred compensation plan indicates a long-term commitment to the company by the director.

Negatives

• The acquisition was not a direct open market purchase with cash, which typically provides a stronger signal of confidence.
• The amount of units acquired (48.25) is relatively small in the context of overall company equity.

Future Outlook

The acquired phantom stock units are scheduled to be distributed in equal annual installments over 10 years following Alexander Grinberg's termination of employment with Movado Group, Inc.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape within the watch and jewelry sector. It reflects an individual director's compensation and equity holdings.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director may be viewed positively as it aligns management's interests with those of shareholders, potentially fostering long-term value creation.

Next Steps

• Distribution of phantom stock units in equal annual installments for 10 years following Alexander Grinberg's termination of employment.

Key Dates

Keywords

Movado Group, MOV, Alexander Grinberg, Insider Transaction, Form 4, Phantom Stock, Deferred Compensation, Director Holdings, Equity Compensation