Movado (NYSE: MOV) CFO granted additional phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movado Group Inc. Chief Financial Officer Sallie A. DeMarsilis received an award of 83.2600 phantom stock units on Movado common stock. Each phantom unit is economically equivalent to one share of common stock and increases her total phantom stock holdings to 5,195.6500 units.
The phantom stock units were granted under Movado’s Deferred Compensation Plan and carry no cash exercise price. According to the plan terms, they are distributable in equal annual installments over 10 years after her employment with Movado ends, making this a long-term, non-cash compensation award rather than a market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEMARSILIS SALLIE A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 83.26 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 5,195.65 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: 83.2600 units
Total phantom units after award: 5,195.6500 units
Grant price per unit: $0.0000
+2 more
5 metrics
Phantom stock units granted
83.2600 units
Award to CFO on 2026-06-30
Total phantom units after award
5,195.6500 units
CFO phantom stock balance following transaction
Grant price per unit
$0.0000
Non-cash phantom stock award
Underlying common stock equivalence
1:1 with common shares
Each phantom unit equals one Movado share economically
Payout schedule
10 annual installments
Following termination of employment under Deferred Compensation Plan
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, economic equivalent, phantom stock
4 terms
Phantom Stock Unit financial
"security_title: "Phantom Stock Unit""
Deferred Compensation Plan financial
"Phantom stock units acquired under issuer's Deferred Compensation Plan distributable"
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"
phantom stock financial
"Each share of phantom stock is the economic equivalent of one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
FAQ
What did MOVADO GROUP INC (MOV) disclose in this Form 4 for its CFO?
Movado reported that CFO Sallie A. DeMarsilis received 83.2600 phantom stock units tied to Movado common stock. This award raises her total phantom stock holdings to 5,195.6500 units as part of long-term, non-cash compensation.
What are phantom stock units in the MOV Form 4 filing?
The filing states each phantom stock unit is the economic equivalent of one Movado common share. These units track the value of Movado stock but are paid in cash or shares later, functioning as deferred equity-linked compensation for the executive.
How and when will the Movado CFO’s phantom stock units be paid out?
According to the filing, phantom stock units granted under Movado’s Deferred Compensation Plan are distributed in equal annual installments over 10 years. Payments begin after the reporting person’s termination of employment with Movado Group Inc., supporting long-term retention.
Does the MOV Form 4 show a stock purchase or sale by the CFO?
No, the Form 4 describes a grant of phantom stock units as compensation, not an open-market stock purchase or sale. The transaction code is “A” for award, and the price per unit is reported as 0.0000, reflecting a non-cash grant.
What is the CFO’s total phantom stock position after this MOV award?
After receiving 83.2600 additional phantom stock units, the CFO’s total phantom stock holdings are 5,195.6500 units. Each unit is economically equivalent to one share of Movado common stock, aligning her compensation more closely with shareholder value.