Movado (NYSE: MOV) CEO Efraim Grinberg awarded 84,763 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRINBERG EFRAIM reported acquisition or exercise transactions in this Form 4 filing.
MOVADO GROUP INC Chairman and CEO Efraim Grinberg received a grant of 84,763 shares of common stock at no cost, reflecting equity-based compensation rather than an open-market purchase. After this award, he directly holds 386,602.599 shares, with additional indirect holdings through a trust and an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GRINBERG EFRAIM
Role
Chairman - CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 84,763 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 386,602.599 shares (Direct);
Common Stock — 17,715 shares (Indirect, By trust)
Footnotes (1)
FAQ
What insider transaction did MOV (Movado Group Inc) report for Efraim Grinberg?
Movado reported that Chairman and CEO Efraim Grinberg received a grant of 84,763 shares of common stock. The award was recorded at a price of $0.00 per share, indicating equity compensation rather than an open-market purchase.
What indirect MOV holdings are reported for Efraim Grinberg in this Form 4?
The filing shows 17,715 shares held indirectly by a trust and 9,935 shares held indirectly via an IRA. These positions are classified as indirect ownership, separate from his directly held 386,602.599 shares of Movado common stock.
What does transaction code A mean in the MOV Form 4 for Efraim Grinberg?
Transaction code A in this Form 4 indicates a grant, award, or other acquisition of shares. For Efraim Grinberg, it represents the receipt of 84,763 shares of Movado common stock as equity compensation, not a cash-funded market purchase.