Form 4: Movado Group CEO Efraim Grinberg Reports Stock Disposal to Cover Tax Obligations

Efraim Grinberg, Chairman and CEO of Movado Group, disposed of 8,409 shares of common stock on March 28, 2025, to cover tax withholding obligations related to previously granted stock awards.

Summary

• On March 28, 2025, Efraim Grinberg, the Chairman and CEO of Movado Group, Inc., reported a transaction involving the disposal of 8,409 shares of common stock.
• The shares were disposed of to satisfy tax withholding obligations upon the vesting of stock awards that were previously granted on March 28, 2022.
• The price per share for the disposal was $17.23.
• Following the transaction, Grinberg directly owns 153,539.599 shares of Movado Group's common stock.
• Additionally, Grinberg indirectly owns 17,715 shares through a trust and 9,935 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares to cover tax obligations.

Key Dates

Keywords

Movado Group, Efraim Grinberg, stock disposal, Form 4, tax withholding, insider trading, common stock, beneficial ownership