Form 4: Movado Group Inc. Executive Sussis Acquires Phantom Stock Units

Mitchell Cole Sussis, Senior VP and General Counsel of Movado Group Inc., reports acquisition of phantom stock units under the company's Deferred Compensation Plan.

Summary

• On March 31, 2025, Mitchell Cole Sussis, Senior VP and General Counsel of Movado Group Inc., acquired 75 phantom stock units.
• These units were acquired under the issuer's Deferred Compensation Plan.
• 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.
• Following the transaction, Sussis directly owns 1,338.3 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns executive interests with shareholder value. There are no indications of negative implications.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of Movado Group Inc.
• The Deferred Compensation Plan provides a structured approach to distributing the units over time, potentially incentivizing continued service.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the acquisition of phantom stock units as a positive sign, aligning executive compensation with company performance.

Key Dates

Keywords

Form 4, Movado Group Inc., Mitchell Cole Sussis, phantom stock units, Deferred Compensation Plan, derivative securities, beneficial ownership, executive compensation