Form 4: Movado EVP & COO Acquires Phantom Stock Units

Movado Group's EVP & COO, Behzad Soltani, acquired 136.93 phantom stock units under the company's deferred compensation plan.

Summary

• Behzad Soltani, Executive Vice President & Chief Operating Officer of Movado Group, Inc. (MOV), acquired 136.93 phantom stock units.
• The transaction occurred on March 31, 2026.
• These units were acquired under the issuer's Deferred Compensation Plan.
• Each phantom stock unit is the economic equivalent of one share of Movado Group, Inc. common stock.
• The units are distributable in equal annual installments for 10 years following the reporting person's termination of employment with the issuer.
• Following this transaction, Soltani beneficially owns a total of 2,207.46 phantom stock units.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting continued executive participation in long-term incentive plans and alignment with shareholder interests.

Positives

• The acquisition of phantom stock units aligns management's long-term interests with those of shareholders.
• Participation in a deferred compensation plan indicates a commitment to the company's future performance.

Future Outlook

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

Industry Context

StockSavvy.ai notes that executive compensation plans, particularly those involving equity-linked instruments like phantom stock, are standard practice across industries to incentivize long-term performance and align executive interests with shareholder value creation.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a key executive generally aligns management's long-term interests with those of shareholders, potentially fostering sustained performance.
• Employees: This transaction is part of an executive compensation plan, which can set a precedent or reflect the company's overall approach to incentivizing its leadership.

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, MOV, Insider Transaction, Form 4, Phantom Stock, Deferred Compensation, Executive Compensation, Behzad Soltani