Form 4: Movado Group Executive Behzad Soltani Reports Stock Transactions

Behzad Soltani, EVP, Commercial President & CTO of Movado Group, reports the acquisition and disposal of common stock and phantom stock units on January 2, 2025.

Summary

• On January 2, 2025, Behzad Soltani, EVP, Commercial President & CTO of Movado Group, Inc., engaged in transactions involving Movado Group's common stock and phantom stock units.
• Soltani acquired 49.204 shares of common stock through the exercise of phantom stock units.
• Concurrently, Soltani disposed of 31,346.204 shares of common stock.
• Following these transactions, Soltani directly owns 1,649.306 shares of common stock and 0 derivative securities.
• The phantom stock units were acquired under the issuer's Deferred Compensation Plan and distributed as common stock pursuant to Soltani's distribution election.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in publicly traded companies. It provides transparency into the trading activities of insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions may have a minor impact on employees due to the change in ownership by a company executive.

Key Dates