Movado CEO awarded 296 phantom stock units
MOVADO GROUP INC Chairman and CEO Efraim Grinberg received a grant of 296.2900 phantom stock units tied to the company’s common stock.
Rhea-AI Filing Summary
MOVADO GROUP INC Chairman and CEO Efraim Grinberg received a grant of 296.2900 phantom stock units tied to the company’s common stock. Each phantom unit is economically equivalent to one share of common stock and was awarded at a price of $0.0000 per unit.
After this award, Grinberg holds a total of 35,867.3900 phantom stock units. These units were acquired under the issuer’s Deferred Compensation Plan and are scheduled to be distributed in equal annual installments over 10 years following his termination of employment with the company.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 296.29 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.
- F2. 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
Key Terms
Phantom Stock Unit financial
Deferred Compensation Plan financial
Grant, award, or other acquisition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MOV (Movado Group Inc) insider Efraim Grinberg report on this Form 4?
Is this MOV Form 4 transaction a stock purchase or sale?
How many phantom stock units does MOV’s CEO hold after this grant?
When will Efraim Grinberg’s MOV phantom stock units be paid out?
What is a phantom stock unit in the context of MOV’s Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.