Form 4: Movado Group SVP, Human Resources, Michelle Kennedy, Reports Stock Transaction
SEC Filing Form 4
Michelle Kennedy, SVP of Human Resources at Movado Group, reports the acquisition of phantom stock units and subsequent distribution of underlying common stock on January 2, 2025.
Summary
- On January 2, 2025, Michelle Kennedy, SVP of Human Resources at Movado Group, engaged in a transaction involving phantom stock units.
- Kennedy acquired 51.834 phantom stock units, each equivalent to one share of Movado Group, Inc. common stock.
- These phantom stock units were acquired under Movado Group's Deferred Compensation Plan.
- The underlying shares of common stock were distributed to Kennedy on January 2, 2025, according to her distribution election on file.
- Following the reported transaction, Kennedy directly owns 12,253.834 shares of Movado Group common stock.
- The price per phantom stock unit was $51.834.
- Kennedy also directly owns 289.496 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity within Movado Group's executive compensation plan.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation arrangements.
Key Dates
| Date | Description |
|---|---|
| 01/02/2024 | Date of earliest transaction |
| 01/02/2025 | Transaction date; distribution of common stock underlying phantom units |
| 01/15/2025 | Date of signature by attorney-in-fact |
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