Movado SVP granted phantom stock units
Feeney Linda reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 34.95 | $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
economic equivalent financial
Grant, award, or other acquisition financial
FAQ
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What insider transaction did Movado Group (MOV) report for Linda Feeney?
What is a Phantom Stock Unit in the Movado Group (MOV) filing?
How many Phantom Stock Units does Linda Feeney hold after this Movado (MOV) award?
When will Linda Feeney’s Movado (MOV) Phantom Stock Units be paid out?
Does the Movado (MOV) Form 4 show any stock being bought or sold on the market?
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