Movado Group (NYSE: MOV) GC exercises 7,980 options; shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOVADO GROUP INC Senior VP and General Counsel Mitchell Cole Sussis reported routine equity compensation transactions. On 2026-06-22, he exercised options to acquire 7,980 shares of common stock at $23.35 per share. To cover tax obligations, 6,245 shares were automatically withheld at a value of $39.26 per share, rather than sold in the open market. Following these transactions, he directly holds 47,765 shares of Movado common stock. No open‑market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,980 shares exercised/converted
Mixed
3 txns
Insider
Sussis Mitchell Cole
Role
Senior VP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option | 7,980 | $0.00 | -- |
| Exercise | Common Stock | 7,980 | $23.35 | $186K |
| Tax Withholding | Common Stock | 6,245 | $39.26 | $245K |
Holdings After Transaction:
Employee Stock Option — 0 shares (Direct, null);
Common Stock — 54,010 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 7,980 shares
Exercise price: $23.35/share
Shares withheld for tax: 6,245 shares
+4 more
7 metrics
Options exercised
7,980 shares
Common stock acquired via option exercise on 2026-06-22
Exercise price
$23.35/share
Employee stock option conversion price
Shares withheld for tax
6,245 shares
F-code tax-withholding disposition on 2026-06-22
Withholding share value
$39.26/share
Value used for tax-withholding shares
Shares held after transactions
47,765 shares
Direct common stock ownership after 2026-06-22 activity
Net buy/sell direction
Neutral
No open-market buys or sells in this Form 4
Option expiration
April 17, 2027
Expiration date of exercised employee stock options
Key Terms
tax-withholding disposition, Exercise or conversion of derivative security, Employee Stock Option, derivative security
4 terms
tax-withholding disposition financial
"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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did MOV Senior VP and General Counsel report?
Mitchell Cole Sussis exercised stock options for 7,980 Movado shares and had 6,245 shares withheld to cover taxes. These were compensation-related events, not open-market trades, and left him holding 47,765 common shares directly.
What was the exercise price of the MOV stock options used in this transaction?
The employee stock options were exercised at an exercise price of $23.35 per share. These options related to 7,980 underlying shares of Movado common stock and were originally granted with an expiration date of April 17, 2027.
What does the neutral net buy/sell direction in the MOV Form 4 indicate?
The neutral net buy/sell direction indicates no net open-market buying or selling in this report. Activity consisted of an option exercise to acquire shares and a related tax-withholding share disposition, typical for equity compensation administration.