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Movado Group (MOV) CFO has 2,903 shares withheld for tax obligations

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Movado Group Inc. Chief Financial Officer Sallie A. Demarsilis reported a routine tax-related share disposition. On March 27, 2026, 2,903 shares of common stock were withheld by the company at $24.05 per share to cover tax withholding obligations tied to vesting of stock awards granted on March 27, 2023. After this non-market transaction, Demarsilis directly held 126,296 shares of Movado Group common stock.

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Insider DEMARSILIS SALLIE A
Role Chief Financial Officer
Type Security Shares Price Value
Tax Withholding Common Stock 2,903 $24.05 $70K
Holdings After Transaction: Common Stock — 126,296 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 2,903 shares Common Stock withheld on March 27, 2026
Withholding price per share $24.05 per share Value used for tax-withholding disposition
Shares held after transaction 126,296 shares Direct common stock holdings after March 27, 2026 transaction
Original grant date March 27, 2023 Stock awards whose vesting triggered tax withholding
tax withholding obligations financial
"Consists of shares withheld by the company to satisfy the tax withholding obligations upon vesting"
vesting of stock awards financial
"to satisfy the tax withholding obligations upon vesting of stock awards previously granted"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type": "non-derivative""
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
DEMARSILIS SALLIE A
(Last)(First)(Middle)
C/O MOVADO GROUP, INC.,
650 FROM ROAD, SUITE 375
(Street)
PARAMUS NEW JERSEY 07652
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MOVADO GROUP INC [ MOV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/27/2026F2,903D$24.05(1)126,296D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of shares withheld by the company to satisfy the tax withholding obligations upon vesting of stock awards previously granted on March 27, 2023.
/s/ Mitchell C. Sussis, attorney-in-fact03/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MOV Chief Financial Officer Sallie Demarsilis report?

Sallie Demarsilis reported a tax-related share disposition. The company withheld 2,903 shares of Movado Group common stock at $24.05 per share to satisfy tax withholding obligations when previously granted stock awards vested.

Was the MOV CFO’s Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 2,903 shares were withheld by Movado Group to cover tax obligations upon vesting of stock awards granted on March 27, 2023, rather than sold on the open market.

How many MOV shares were withheld for Sallie Demarsilis’s tax obligations?

Movado Group withheld 2,903 shares of common stock. These shares were valued at $24.05 per share and were used to satisfy tax withholding obligations triggered by the vesting of previously granted stock awards.

What is Sallie Demarsilis’s MOV shareholding after the reported Form 4 transaction?

After the tax-related withholding, Sallie Demarsilis directly holds 126,296 shares of Movado Group common stock. This figure reflects her remaining direct ownership following the 2,903 shares withheld by the company for tax obligations.

What triggered the tax withholding disposition reported in MOV’s Form 4?

The tax withholding disposition was triggered by the vesting of stock awards granted on March 27, 2023. When these awards vested on March 27, 2026, Movado Group withheld 2,903 shares to satisfy associated tax withholding obligations.