Movado (NYSE: MOV) CEO exercises 50K stock options and nets new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Movado Group Inc. chairman and CEO Efraim Grinberg exercised employee stock options and settled related taxes using shares. He exercised options to acquire 50,000 shares of common stock at $16.87 per share and 36,713 shares were withheld at $38.69 per share to cover tax obligations, resulting in a net 13,287 shares from the exercise. Following these transactions, he holds 443,859.599 shares of common stock directly, plus 9,935 shares held indirectly through an IRA and 17,715 shares held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Mixed
5 txns
Insider
GRINBERG EFRAIM
Role
Chairman - CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $16.87 | $844K |
| Tax Withholding | Common Stock | 36,713 | $38.69 | $1.42M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option — 50,000 shares (Direct, null);
Common Stock — 443,859.599 shares (Direct, null);
Common Stock — 17,715 shares (Indirect, By trust)
Footnotes (1)
Key Figures
Options exercised: 50,000 shares
Exercise price: $16.87/share
Tax-withholding shares: 36,713 shares
+4 more
7 metrics
Options exercised
50,000 shares
Employee stock option exercise at $16.87 per share on 2026-06-23
Exercise price
$16.87/share
Strike price of Employee Stock Option underlying 50,000 MOV shares
Tax-withholding shares
36,713 shares
Shares withheld to cover tax liability at $38.69 per share
Tax-withholding price
$38.69/share
Value used for shares withheld for taxes on 2026-06-23
Direct holdings after transactions
443,859.599 shares
Common stock directly owned by Efraim Grinberg after Form 4 transactions
Indirect IRA holdings
9,935 shares
Common stock held indirectly through IRA, as of 2026-06-23
Indirect trust holdings
17,715 shares
Common stock held indirectly by trust, as of 2026-06-23
Key Terms
tax-withholding disposition, Employee Stock Option, derivative exercise/conversion, indirect ownership, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "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.
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 exercise/conversion financial
""transaction_action": "derivative exercise/conversion""
indirect ownership financial
""ownership_type": "indirect""
nature of ownership financial
""nature_of_ownership": "By trust""
FAQ
What insider transaction did MOVADO GROUP INC (MOV) report for Efraim Grinberg?
MOVADO GROUP INC reported that chairman and CEO Efraim Grinberg exercised employee stock options for 50,000 common shares and had 36,713 shares withheld to cover tax obligations, resulting in a net increase of 13,287 directly held shares.
At what prices did Efraim Grinberg’s MOV stock option exercise and tax withholding occur?
Efraim Grinberg exercised employee stock options at a strike price of $16.87 per MOV share. To cover related tax obligations, 36,713 shares were withheld at a market price of $38.69 per share, according to the Form 4 disclosure.
What type of derivative security did Efraim Grinberg exercise in the MOV Form 4?
Efraim Grinberg exercised 50,000 shares of an Employee Stock Option with a conversion or exercise price of $16.87 per MOV share. The underlying security was common stock, and the transaction is classified as a derivative exercise.