Movado Group (NYSE: MOV) SVP receives phantom stock award in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sussis Mitchell Cole reported acquisition or exercise transactions in this Form 4 filing.
MOVADO GROUP INC Senior VP and General Counsel Mitchell Cole Sussis received a routine grant of phantom stock units linked to the company’s common stock. The award covers 29.4 phantom stock units, each economically equivalent to one share of common stock.
Following this grant, Sussis holds a total of 1,611.07 phantom stock units. These units were granted under Movado’s Deferred Compensation Plan and will be distributed in equal annual installments over 10 years after the end of Sussis’s employment with the company, making this a long-term, non-cash compensation arrangement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sussis Mitchell Cole
Role
Senior VP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 29.4 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 1,611.07 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: 29.4 units
Total phantom units after grant: 1,611.07 units
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
Phantom stock units granted
29.4 units
Grant of phantom stock units on 2026-06-30
Total phantom units after grant
1,611.07 units
Holdings following the reported transaction
Grant price per unit
$0.0000 per unit
Non-cash phantom stock award
Payout period
10 years
Annual installments after termination of employment
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Form 4
3 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 for 10 years…"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did MOV Senior VP Mitchell Cole Sussis report in this Form 4?
Mitchell Cole Sussis reported receiving a grant of 29.4 phantom stock units. These units are part of deferred, non-cash compensation and are economically equivalent to Movado Group common shares, increasing his total phantom units to 1,611.07.
What is a phantom stock unit in the MOV Form 4 filing?
A phantom stock unit is a deferred compensation instrument whose value tracks a company’s stock. In this case, each phantom unit equals one Movado Group common share economically but does not represent actual share ownership or voting rights.
How many phantom stock units does the MOV executive hold after this grant?
After the award, the executive holds 1,611.07 phantom stock units. The Form 4 shows a grant of 29.4 new units, bringing the total phantom stock-based deferred compensation position to that level under Movado’s plan.
When will the MOV phantom stock units be paid out to the executive?
The phantom stock units are distributable in equal annual installments for 10 years. Payments begin after the reporting person’s termination of employment with Movado Group, making this compensation primarily a long-term retirement-style benefit.
Does MOVADO GROUP receive cash from this phantom stock grant?
No cash changes hands at the time of a phantom stock grant. The award is a non-cash, deferred compensation promise whose payout depends on future employment termination and the company’s plan rules, rather than an immediate cash transaction.