Movado Group (NYSE: MOV) SVP awarded new phantom stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kennedy Michelle
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 30.51 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 548.37 shares (Direct, null)
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: 30.510 units
Total phantom units after grant: 548.370 units
Transaction price per unit: $0.0000
+2 more
5 metrics
Phantom stock units granted
30.510 units
Grant on 2026-06-30 to SVP, Human Resources
Total phantom units after grant
548.370 units
Phantom stock units following reported transaction
Transaction price per unit
$0.0000
Reported grant price per phantom stock unit
Underlying common stock equivalence
1:1 ratio
Each phantom stock unit equals one common share economically
Distribution schedule
10 years
Equal annual installments after termination of employment
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, economic equivalent, termination of employment
4 terms
Phantom Stock Unit financial
"Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock."
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."
termination of employment financial
"Installments for 10 years following date of reporting person's termination of employment with issuer."