Form 4: Movado Group Executive Behzad Soltani Reports Stock Transaction
SEC Filing
Behzad Soltani, EVP, Commercial President & CTO of Movado Group, reports disposition of shares to cover tax obligations upon vesting of stock awards.
Summary
- Behzad Soltani, an executive at Movado Group, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on March 28, 2025.
- 2,044 shares of common stock were disposed of to cover tax withholding obligations.
- The price per share was $17.23.
- Following the transaction, Soltani directly owns 29,302.204 shares of Movado Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations on vested stock awards, a common practice.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares disposed of for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of original stock awards granted. |
| 03/28/2025 | Date of transaction (disposal of shares for tax withholding). |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Movado Group, Stock Transaction, Beneficial Ownership, SEC Filing, Soltani, Executive Compensation
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