Movado director granted 37.49 phantom stock units
Movado Group Inc. director Alexander Grinberg received a grant of 37.4900 phantom stock units, each economically equivalent to one share of Movado common stock.
Rhea-AI Filing Summary
Movado Group Inc. director Alexander Grinberg received a grant of 37.4900 phantom stock units, each economically equivalent to one share of Movado common stock. The award increases his holdings of phantom stock units to 2,861.4700 units, reflecting deferred, stock-linked compensation rather than an open-market transaction.
The phantom stock units were acquired under Movado’s Deferred Compensation Plan and are scheduled to be distributed in equal annual installments over 10 years after Grinberg’s employment with the company ends. This grant represents routine, compensation-related alignment with shareholder value, not a market purchase or sale of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 37.49 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.
- F2. Phantom stock units acquired under issuer's Deferred Compensation Plan distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer.
Key Figures
Key Terms
Phantom Stock Unit financial
Deferred Compensation Plan financial
Grant, award, or other acquisition financial
underlying security financial
FAQ
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What did Alexander Grinberg report in this MOV Form 4 filing?
What is a phantom stock unit in the MOV Form 4 disclosure?
How many phantom stock units does Alexander Grinberg hold after this MOV grant?
When will Grinberg’s MOV phantom stock units be distributed?
Does this MOV Form 4 show Grinberg buying or selling common stock?
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