Movado Group (NYSE: MOV) SVP awarded new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Feeney Linda reported acquisition or exercise transactions in this Form 4 filing.
MOVADO GROUP INC senior vice president and principal accounting officer Linda Feeney reported receiving a grant of 19.7600 phantom stock units on June 30, 2026. Each phantom stock unit is the economic equivalent of one share of Movado common stock.
The units were granted under the company’s Deferred Compensation Plan and will be distributed in equal annual installments for 10 years after her employment with Movado ends. Following this award, Feeney holds a total of 591.3900 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feeney Linda
Role
SVP, Principal Acct. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 19.76 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 591.39 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: 19.7600 units
Total phantom stock units after grant: 591.3900 units
Grant price per phantom unit: $0.0000 per unit
+2 more
5 metrics
Phantom stock units granted
19.7600 units
Grant on June 30, 2026
Total phantom stock units after grant
591.3900 units
Holdings following transaction
Grant price per phantom unit
$0.0000 per unit
Compensation-related award, not market purchase
Economic equivalence ratio
1 unit : 1 common share
Each phantom stock unit equals one Movado common share economically
Payout period
10 years
Equal annual installments after termination of employment
Key Terms
Phantom Stock Unit, Deferred Compensation Plan, Grant, award, or other acquisition
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MOV executive Linda Feeney report?
Linda Feeney reported a grant of 19.7600 phantom stock units. These units were awarded on June 30, 2026, under Movado’s Deferred Compensation Plan and increase her total phantom stock holdings to 591.3900 units, all tied economically to Movado common shares.
What are phantom stock units in the Movado (MOV) Form 4 filing?
Phantom stock units are bookkeeping entries that mirror Movado common stock value. The filing states each phantom stock unit is the economic equivalent of one common share, giving the holder stock-like economic exposure without receiving actual shares at grant.
How many Movado phantom stock units does Linda Feeney hold after this grant?
After the June 30, 2026 grant, Linda Feeney holds 591.3900 phantom stock units. This total includes the newly granted 19.7600 units, all recorded as directly owned derivative interests linked economically to Movado’s common stock performance.
How will Linda Feeney’s Movado phantom stock units be paid out?
The phantom stock units will be distributed in equal annual installments for 10 years. Payments begin after Feeney’s termination of employment with Movado, reflecting the company’s Deferred Compensation Plan design to provide long-term, post-employment economic benefits.
Does the Movado phantom stock grant involve a market purchase or sale?
No, the Form 4 labels this as a grant or award acquisition, not a market trade. The transaction code is “A,” and the price per unit is reported as 0.0000, indicating a compensation-related award rather than an open-market purchase or sale.