Movado Group (MOV) director awarded 8,581 shares in new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movado Group Inc. director Alan H. Howard received a grant of 8,581 shares of common stock as equity compensation. The shares were acquired at no cost to him and increase his directly held position to 86,854 shares. This is a routine, non-market award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOWARD ALAN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,581 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 86,854 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Movado Group (MOV) report for Alan H. Howard?
Movado Group reported an equity grant to director Alan H. Howard. He acquired 8,581 shares of common stock as a grant or award, recorded at a price of $0.00 per share, indicating compensation rather than a market purchase.
What does the transaction code "A" mean in the Movado Group (MOV) Form 4?
The code “A” indicates a grant, award, or other acquisition. In this case, 8,581 Movado Group common shares were awarded to Alan H. Howard as compensation, not purchased on the open market, at a reported price of $0.00 per share.
Is the Movado Group (MOV) director’s transaction considered a buy or a compensation grant?
The transaction is categorized as a compensation grant. The Form 4 describes it as a grant or award acquisition, with 8,581 shares added at no cost, which distinguishes it from a traditional open-market share purchase transaction.