Movado Group (MOV) CEO Grinberg receives 296 phantom stock units in deferred award
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRINBERG EFRAIM
Role
Chairman - CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 296.29 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Unit — 35,867.39 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: 296.2900 units
Phantom units after grant: 35,867.3900 units
Grant price per unit: $0.0000 per unit
+2 more
5 metrics
Phantom stock units granted
296.2900 units
Grant on 2026-06-30 coded as acquisition (A)
Phantom units after grant
35,867.3900 units
Total phantom stock holdings following transaction
Grant price per unit
$0.0000 per unit
Economic grant price for phantom stock units
Underlying common shares
296.2900 shares
Underlying common stock equivalent for new phantom units
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 did MOV (Movado Group Inc) insider Efraim Grinberg report on this Form 4?
Efraim Grinberg reported receiving 296.2900 phantom stock units linked to Movado Group common stock. The units were granted at $0.0000 per unit and increase his total phantom stock holdings to 35,867.3900 units under the company’s Deferred Compensation Plan.
Is this MOV Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition coded as a grant or award, not a market purchase or sale. Grinberg received 296.2900 phantom stock units as compensation, with no cash price paid per unit and no open-market trading involved.
How many phantom stock units does MOV’s CEO hold after this grant?
Following the reported grant, Efraim Grinberg holds 35,867.3900 phantom stock units. Each phantom stock unit is economically equivalent to one share of Movado Group common stock, providing deferred, stock-linked compensation rather than immediate share ownership or voting rights.
When will Efraim Grinberg’s MOV phantom stock units be paid out?
The phantom stock units are distributable in equal annual installments over 10 years. Payments begin after Grinberg’s termination of employment with Movado Group, reflecting long-term deferred compensation rather than near-term cash or share delivery during his current service.
What is a phantom stock unit in the context of MOV’s Form 4 filing?
A phantom stock unit is a deferred compensation instrument whose value tracks the company’s common stock. For Movado Group, each phantom unit is the economic equivalent of one share of common stock, but settles in deferred payments rather than granting current stock ownership.