Form 4: Movado Group Inc. Executive Sussis Mitchell Cole Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior VP and General Counsel of Movado Group Inc., Sussis Mitchell Cole, reports disposing of 871 shares of common stock to cover tax withholding obligations.
Summary
- On March 28, 2025, Sussis Mitchell Cole, Senior VP and General Counsel of Movado Group Inc., disposed of 871 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of stock awards previously granted on March 28, 2022.
- The transaction price was $17.23 per share.
- Following the transaction, Sussis Mitchell Cole directly owns 19,721 shares of Movado Group Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of original stock awards grant. |
| 03/28/2025 | Date of stock disposal for tax obligations. |
| 04/01/2025 | Date of report signature. |
Keywords
Form 4, Movado Group Inc., Sussis Mitchell Cole, Stock Disposal, Tax Withholding, Insider Trading
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