Movado CEO exercises 100,000 stock options
Movado Group Inc. Chairman and CEO Efraim Grinberg exercised stock options and had shares withheld for taxes.
Rhea-AI Filing Summary
Movado Group Inc. Chairman and CEO Efraim Grinberg exercised stock options and had shares withheld for taxes. He exercised 100,000 Employee Stock Options at an exercise price of $16.87 per share, receiving 100,000 shares of Common Stock.
To cover tax obligations, 80,817 Common Shares were disposed of through a tax-withholding transaction at $27.08 per share, which is not an open-market sale. After these transactions, he holds approximately 393,859.599 Common Shares directly, plus 17,715 shares held by a trust and 9,935 shares held in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
100,000 shares exercised/converted
Exercise
5 txns
Insider
GRINBERG EFRAIM
Role
Chairman - CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option | 100,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 100,000 | $16.87 | $1.69M |
| Exercise Price or Tax Liability | Common Stock | 80,817 | $27.08 | $2.19M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option — 100,000 contracts (Direct);
Common Stock — 393,859.599 shares (Direct);
Common Stock — 17,715 shares (Indirect, By trust);
Common Stock — 9,935 shares (Indirect, By IRA)
Key Figures
Options Exercised: 100,000 shares
Exercise Price: $16.87/share
Tax-Withheld Shares: 80,817 shares
+5 more
8 metrics
Options Exercised
100,000 shares
Employee Stock Option exercise at $16.87 on 2026-04-16
Exercise Price
$16.87/share
Employee Stock Option strike price
Tax-Withheld Shares
80,817 shares
Shares disposed under code F at $27.08/share
Tax-Withholding Price
$27.08/share
Price for F-code tax-withholding disposition
Direct Holdings After
393,859.599 shares
Common Stock directly held following transactions
Indirect Trust Holdings
17,715 shares
Common Stock held indirectly by trust
Indirect IRA Holdings
9,935 shares
Common Stock held indirectly by IRA
Option Expiration
2030-12-01
Expiration date of Employee Stock Option grant
Key Terms
Employee Stock Option, tax-withholding disposition, derivative exercise/conversion, By trust, +1 more
5 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.
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
By trust financial
"nature_of_ownership": "By trust""
By IRA financial
"nature_of_ownership": "By IRA""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MOVADO GROUP INC (MOV) report for Efraim Grinberg?
MOVADO GROUP INC reported that Chairman and CEO Efraim Grinberg exercised 100,000 Employee Stock Options at $16.87 per share. The exercise converted derivative options into Common Stock as part of his equity compensation structure, rather than reflecting an open-market purchase.
Was the Movado (MOV) Form 4 transaction an open-market sale by Efraim Grinberg?
No, the filing shows a stock option exercise and a tax-withholding disposition, not an open-market sale. The 80,817 shares with code F were withheld to satisfy tax or exercise-related obligations, a routine administrative step in equity compensation plans.
What does transaction code M mean in the Movado (MOV) Form 4 for Efraim Grinberg?
Transaction code M indicates the exercise or conversion of a derivative security, such as a stock option. In this case, Efraim Grinberg exercised 100,000 Employee Stock Options at an exercise price of $16.87 per share, receiving 100,000 Movado Common Shares.
What does transaction code F signify in Efraim Grinberg’s Movado (MOV) Form 4 filing?
Transaction code F signifies a tax-withholding disposition, where shares are delivered to cover tax or exercise costs. For Movado, 80,817 Common Shares at $27.08 per share were used this way, meaning those shares satisfied obligations rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
