Movado SVP granted 30.510 phantom stock units
MOVADO GROUP INC executive Michelle Kennedy, SVP of Human Resources, received a grant of 30.510 phantom stock units on common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
MOVADO GROUP INC executive Michelle Kennedy, SVP of Human Resources, received a grant of 30.510 phantom stock units on common stock. Each phantom stock unit is the economic equivalent of one share of Movado Group common stock. Following this award, she holds 548.370 phantom stock units.
The phantom stock units were acquired under the issuer's Deferred Compensation Plan and are scheduled to be distributed in equal annual installments over 10 years after her employment with the company ends. This is a compensation-related, non-cash equity-linked award rather than an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 30.51 | $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
termination of employment financial
AI-generated analysis. How Rhea-AI works. Not financial advice.