Form 4: Movado Group CFO Sallie A Demarsilis Reports Stock Transactions
SEC Form 4 Filing
Sallie A Demarsilis, CFO of Movado Group, reports the withholding of shares for tax obligations and acquisition of phantom stock units.
Summary
- On March 29, 2024, Sallie A Demarsilis, the Chief Financial Officer of Movado Group, Inc., had 3,303 shares of common stock withheld by the company to cover tax obligations related to vesting stock awards at a price of $27.93 per share.
- Following this transaction, Demarsilis directly owns 63,297 shares of Movado Group, Inc. common stock.
- Additionally, on March 31, 2024, Demarsilis acquired 125.31 phantom stock units under the issuer's Deferred Compensation Plan.
- These phantom stock units are economically equivalent to shares of Movado Group, Inc. common stock and are distributable in equal annual installments over 10 years following termination of employment.
- The price of the derivative security was $0.
- Following this transaction, Demarsilis directly owns 3,728.46 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine SEC Form 4 filing, indicating standard transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/29/2021 | Date of stock awards previously granted. |
| 03/29/2024 | Date of common stock transaction (tax withholding). |
| 03/31/2024 | Date of phantom stock unit acquisition. |
| 04/02/2024 | Date of signature for the report. |
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