Movado Group (MOV) director adds phantom stock units in deferred plan

Rhea-AI Filing Summary

Movado Group Inc. director reported a change in deferred equity holdings. On 12/31/2025, the reporting person acquired 38.05 phantom stock units, which are derivative securities that track Movado Group common stock.

Each phantom stock unit is the economic equivalent of one share of Movado Group common stock and was acquired under the company’s Deferred Compensation Plan. After this transaction, the reporting person beneficially owns 2,824.2 phantom stock units on a direct basis.

According to the plan terms, these phantom stock units are distributable in equal annual installments for 10 years following the reporting person’s termination of employment with Movado Group.

SEC Form 4

FORM 4

UNITED 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^*

GRINBERG ALEXANDER

(Last) (First) (Middle)

C/O MOVADO GROUP, INC.,

650 FROM ROAD, SUITE 375

(Street)

PARAMUS NJ 07652

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MOVADO GROUP INC [ MOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Unit	(1)	12/31/2025		A		38.05		(2)	(2)	Common Stock	38.05	$0	2,824.2	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.

2. 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.

	/s/ Mitchell C. Sussis, attorney-in-fact	01/05/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did Movado Group (MOV) report in this Form 4?

The filing reports that a Movado Group director acquired 38.05 phantom stock units on 12/31/2025, increasing the director’s deferred equity position tied to Movado Group common stock.

How many Movado Group phantom stock units does the insider own after this transaction?

Following the reported transaction, the director beneficially owns 2,824.2 phantom stock units, held as a direct interest.

What is a phantom stock unit in the context of Movado Group (MOV)?

The filing states that each phantom stock unit is the economic equivalent of one share of Movado Group, Inc. common stock, meaning its value mirrors the value of a common share without being an actual share.

Under what plan were the Movado Group phantom stock units acquired?

The phantom stock units were acquired under Movado Group’s Deferred Compensation Plan, as described in the explanation of responses.

When will the Movado Group phantom stock units be paid out to the insider?

The filing explains that phantom stock units acquired under the Deferred Compensation Plan are distributable in equal annual installments for 10 years after the reporting person’s termination of employment with Movado Group.

Did the Movado Group insider pay anything for the phantom stock units?

The table lists the price of the derivative security as $0, indicating no cash price was paid for the phantom stock units in this transaction.