Form 4: Movado Group Executive Acquires Phantom Stock Units Under Deferred Compensation Plan

Behzad Soltani, EVP, Commercial President & CTO of Movado Group, acquired phantom stock units under the company's Deferred Compensation Plan on September 30, 2024.

Summary

• On September 30, 2024, Behzad Soltani, EVP, Commercial President & CTO of Movado Group, Inc., acquired phantom stock units.
• The acquisition was made under the issuer's Deferred Compensation Plan.
• The price of the phantom stock units was $107.86.
• Soltani now holds 1,611.24 phantom stock units directly.
• These units are the economic equivalent of Movado Group, Inc. common stock.
• The phantom stock units are distributable in equal annual installments for 10 years following the termination of Soltani's employment with Movado Group.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by an executive is a routine event and suggests confidence in the company's future. The deferred compensation plan aligns executive interests with long-term shareholder value.

Positives

• The acquisition of phantom stock units by a top executive signals confidence in the company's future performance.
• The Deferred Compensation Plan aligns executive interests with long-term shareholder value.

Future Outlook

The phantom stock units are distributable in equal annual installments for 10 years following the date of the reporting person's termination of employment with the issuer, suggesting a long-term incentive structure.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with those of shareholders. Phantom stock units are a common tool used for this purpose, particularly in deferred compensation plans.

Stakeholder Impact

• Shareholders may view the executive's acquisition of phantom stock units as a positive sign, aligning management's interests with long-term company performance.

Key Dates