Movado (MOV) SVP granted new phantom stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Feeney Linda reported acquisition or exercise transactions in this Form 4 filing.
Movado Group Inc senior vice president and principal accounting officer Linda Feeney received a grant of 34.95 Phantom Stock Units on common stock. Each phantom unit is economically equivalent to one Movado common share and is credited under the company’s Deferred Compensation Plan.
Following this grant, Feeney holds 571.68 Phantom Stock Units. These units are scheduled to be distributed in equal annual installments over 10 years after her employment with Movado ends, providing long‑term, stock‑linked incentive compensation rather than immediate cash or share delivery.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feeney Linda
Role
SVP, Principal Acct. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 34.95 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 571.68 shares (Direct)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock. 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
Phantom Stock Units granted: 34.95 units
Total Phantom Units after grant: 571.68 units
Economic equivalence: 1 unit = 1 share
+2 more
5 metrics
Phantom Stock Units granted
34.95 units
Grant on 2026-03-31 coded as award acquisition (A)
Total Phantom Units after grant
571.68 units
Holdings following reported transaction
Economic equivalence
1 unit = 1 share
Each phantom stock unit equals one Movado common share economically
Payout period
10 years
Distributable in equal annual installments after employment termination
Transaction price per unit
$0.0000
Awarded at no exercise or purchase price
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, economic equivalent, Grant, award, or other acquisition
4 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit" and footnote defining economic equivalent"
Deferred Compensation Plan financial
"Phantom stock units acquired under issuer's Deferred Compensation Plan distributable in equal annual installments"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock."
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for code A"
FAQ
What insider transaction did Movado Group (MOV) report for Linda Feeney?
Movado reported that SVP and principal accounting officer Linda Feeney received 34.95 Phantom Stock Units tied to Movado common stock. This Form 4 filing shows a routine compensation-related award rather than an open-market stock purchase or sale.
What is a Phantom Stock Unit in the Movado Group (MOV) filing?
A Phantom Stock Unit is an award whose value tracks Movado Group common stock, without issuing actual shares immediately. In this filing, each phantom unit is the economic equivalent of one common share, aligning executive compensation with future share performance.
How many Phantom Stock Units does Linda Feeney hold after this Movado (MOV) award?
After receiving 34.95 new Phantom Stock Units, Linda Feeney holds a total of 571.68 phantom units. This total reflects her accumulated, stock-linked compensation position as reported in the Form 4, not current ownership of Movado common shares.
When will Linda Feeney’s Movado (MOV) Phantom Stock Units be paid out?
The Phantom Stock Units are distributable in equal annual installments over 10 years after Linda Feeney’s termination of employment with Movado. This long-term payout structure encourages retention and ties her compensation to Movado’s longer-term performance.
Does the Movado (MOV) Form 4 show any stock being bought or sold on the market?
No, the Form 4 shows a grant of Phantom Stock Units classified as a derivative award, not an open-market trade. The transaction code A denotes a grant or award acquisition, so it reflects compensation, not a market purchase or sale of MOV shares.