Form 4: Movado Group CFO Sallie A. DeMarsilis Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sallie A. DeMarsilis, CFO of Movado Group, Inc., disposed of 2,181 shares of common stock on March 28, 2025, to cover tax withholding obligations upon vesting of stock awards.
Summary
- On March 28, 2025, Sallie A. DeMarsilis, the Chief Financial Officer of Movado Group, Inc., disposed of 2,181 shares of common stock.
- The transaction was executed at a price of $17.23 per share.
- The disposal was to satisfy tax withholding obligations related to the vesting of stock awards previously granted on March 28, 2022.
- Following the transaction, DeMarsilis directly owns 70,198 shares of Movado Group, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
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, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of original stock awards grant. |
| 03/28/2025 | Date of stock disposal to cover tax obligations. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Movado Group, Sallie A. DeMarsilis, CFO, Stock Disposal, Tax Withholding, Beneficial Ownership
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