Movado CEO logs tax-withholding share disposition
Movado Group CEO Efraim Grinberg reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Movado Group CEO Efraim Grinberg reported a tax-related share disposition. The company withheld 11,926 shares of common stock at $24.05 per share to cover tax withholding obligations tied to the vesting of stock awards granted on March 27, 2023. After this non-market transaction, he holds 374,676.599 shares directly, plus 17,715 shares held by a trust and 9,935 shares held in an IRA.
Insider Trade Summary
Exercise Price or Tax Liability: 11,926 shares
Exercise Price or Tax Liability
3 txns
Insider
GRINBERG EFRAIM
Role
Chairman - CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 11,926 | $24.05 | $287K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 374,676.599 shares (Direct);
Common Stock — 17,715 shares (Indirect, By trust);
Common Stock — 9,935 shares (Indirect, By IRA)
Footnotes (1)
- F1. Consists of shares withheld by the company to satisfy the tax withholding obligations upon vesting of stock awards previously granted on March 27, 2023.
Key Figures
Tax-withheld shares: 11,926 shares
Withholding price: $24.05 per share
Direct holdings after transaction: 374,676.599 shares
+3 more
6 metrics
Tax-withheld shares
11,926 shares
Shares withheld to satisfy tax obligations on vested awards
Withholding price
$24.05 per share
Value used for tax-withholding share disposition
Direct holdings after transaction
374,676.599 shares
Common stock directly owned following tax withholding
Trust holdings
17,715 shares
Common stock held indirectly by trust
IRA holdings
9,935 shares
Common stock held indirectly by IRA
Tax-withholding transactions
1 transaction
Code F disposition to satisfy tax withholding
Key Terms
tax withholding obligations, vesting of stock awards, trust, IRA, +1 more
5 terms
tax withholding obligations financial
"shares withheld by the company to satisfy the tax withholding obligations upon vesting"
vesting of stock awards financial
"upon vesting of stock awards previously granted on March 27, 2023"
trust financial
"nature_of_ownership": "By trust""
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MOV CEO Efraim Grinberg report in this Form 4?
Efraim Grinberg reported a tax-withholding disposition of shares. The company withheld 11,926 Movado common shares at $24.05 each to satisfy tax obligations from vesting stock awards granted on March 27, 2023, rather than selling shares on the open market.
Was the MOV Form 4 transaction an open-market stock sale?
No, the Form 4 does not show an open-market sale. The 11,926 Movado shares were withheld by the company to cover tax withholding obligations upon vesting of previously granted stock awards, a routine compensation-related mechanism rather than a discretionary share sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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