Form 4: Movado Group SVP Linda Feeney Reports Acquisition of Phantom Stock Units

Linda Feeney, SVP and Principal Accounting Officer of Movado Group, Inc., reported the acquisition of phantom stock units under the issuer's Deferred Compensation Plan.

Summary

• Linda Feeney, a Senior Vice President and Principal Accounting Officer at Movado Group, Inc., filed a Form 4 on April 2, 2025.
• The filing reports a transaction that occurred on March 31, 2025, where Ms. Feeney acquired phantom stock units.
• She acquired phantom stock units under Movado Group's Deferred Compensation Plan at a price of $50.05.
• Following the transaction, Ms. Feeney directly owns 409.05 phantom stock units.
• Each phantom stock unit is equivalent to one share of Movado Group, Inc. common stock.
• The phantom stock units will be distributed in equal annual installments over 10 years following Ms. Feeney's termination of employment with Movado Group.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom stock units will be distributed in equal annual installments for 10 years following the reporting person's termination of employment with the issuer.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The acquisition of phantom stock units by a company officer can align the officer's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Movado Group Inc, Linda Feeney, phantom stock units, Deferred Compensation Plan, insider trading