Form 4: Movado Group SVP Linda Feeney Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Linda Feeney, SVP and Principal Accounting Officer of Movado Group, reports disposing of 166 shares of common stock to cover tax withholding obligations.
Summary
- On March 28, 2025, Linda Feeney, SVP and Principal Accounting Officer of Movado Group, disposed of 166 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of stock awards previously granted on March 28, 2022.
- The shares were disposed of at a price of $17.23 per share.
- Following the transaction, Ms. Feeney beneficially owns 2,680 shares of Movado Group common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of original stock awards grant. |
| 03/28/2025 | Date of transaction (stock disposal). |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Movado Group, Linda Feeney, Stock Disposal, Tax Withholding, Securities Exchange Act
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