Movado (NYSE: MOV) CFO exercises 13,660 options, boosts direct share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movado Group Inc. Chief Financial Officer Sallie A. DeMarsilis exercised stock options and had shares withheld for taxes. On June 18, 2026, she exercised employee stock options covering 13,660 shares of common stock at an exercise price of $23.35 per share, converting them into common stock. To cover tax obligations, 11,005 common shares were disposed of as a tax-withholding transaction at $38.38 per share rather than through an open-market sale. After these transactions, she directly owned 128,951 shares of Movado common stock, reflecting a net increase in her equity position from this option exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,660 shares exercised/converted
Mixed
3 txns
Insider
DEMARSILIS SALLIE A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option | 13,660 | $0.00 | -- |
| Exercise | Common Stock | 13,660 | $23.35 | $319K |
| Tax Withholding | Common Stock | 11,005 | $38.38 | $422K |
Holdings After Transaction:
Employee Stock Option — 0 shares (Direct, null);
Common Stock — 139,956 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 13,660 shares
Exercise price: $23.35 per share
Tax-withholding shares: 11,005 shares
+5 more
8 metrics
Options exercised
13,660 shares
Employee stock options converted to common stock on June 18, 2026
Exercise price
$23.35 per share
Strike price for exercised employee stock options
Tax-withholding shares
11,005 shares
Shares delivered to satisfy tax liability at $38.38 per share
Market value for withholding
$38.38 per share
Price used for tax-withholding disposition of common stock
Shares owned after transactions
128,951 shares
Direct Movado common stock holdings after June 18, 2026
Net shares added
2,655 shares
Options exercised (13,660) minus tax-withheld shares (11,005)
Tax-withholding transaction code
Code F
Payment of tax liability by delivering securities
Option exercise transaction code
Code M
Exercise or conversion of derivative security
Key Terms
Employee Stock Option, derivative security, tax-withholding disposition, exercise price
4 terms
Employee Stock Option financial
"security_title": "Employee Stock Option""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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.
exercise price financial
"conversion_or_exercise_price": "23.3500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did Movado (MOV) disclose for its CFO?
Movado reported its CFO Sallie A. DeMarsilis exercised employee stock options for 13,660 common shares and had 11,005 shares withheld to cover tax obligations, resulting in a net increase in directly held common stock.
How many Movado (MOV) options did the CFO exercise and at what price?
Sallie A. DeMarsilis exercised employee stock options on 13,660 underlying common shares at an exercise price of $23.35 per share, converting those options into Movado common stock on June 18, 2026.
What are the Movado (MOV) CFO’s holdings after the reported transactions?
Following the June 18, 2026 transactions, the CFO directly owned 128,951 shares of Movado common stock. The derivativeSummary shows no remaining options from the exercised grant after this activity.
Were there both acquisition and disposition transactions in this Movado (MOV) Form 4?
Yes. The CFO acquired common stock by exercising options on 13,660 shares and disposed of 11,005 shares through a tax-withholding transaction, a non-market mechanism used to satisfy tax obligations on equity compensation.