Form 4: Movado Group Executive Acquires Phantom Stock Units

Behzad Soltani, EVP, Commercial President & CTO of Movado Group, Inc., acquired phantom stock units under the company's Deferred Compensation Plan.

Summary

• On March 31, 2025, Behzad Soltani, an executive at Movado Group, Inc., acquired phantom stock units.
• The acquisition was made under the issuer's Deferred Compensation Plan.
• The price per phantom stock unit was $119.99.
• Following the transaction, Soltani directly owns 1,769.17 phantom stock units.
• Each phantom stock unit is the economic equivalent of one share of Movado Group, Inc. common stock.
• The phantom stock units are distributable in equal annual installments for 10 years following the reporting person's termination of employment with the issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine executive compensation transaction that aligns executive interests with the company's performance.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• The Deferred Compensation Plan provides a mechanism for executives to accumulate wealth tied to the company's stock performance.

Future Outlook

The phantom stock units will be distributed in equal annual installments for 10 years following the date of the reporting person's termination of employment with the issuer.

Industry Context

Executive compensation packages often include stock-based awards to incentivize performance and align executive interests with shareholder value. Phantom stock units are a common tool used for this purpose.

Stakeholder Impact

• The acquisition of phantom stock units by an executive can positively impact shareholders by aligning management's interests with the company's long-term success.
• Employees may view the Deferred Compensation Plan as a positive benefit, potentially improving morale and retention.

Key Dates

Keywords

Form 4, Movado Group, Phantom Stock Units, Deferred Compensation Plan, Beneficial Ownership, Behzad Soltani, Executive Compensation