Movado Group (NYSE: MOV) CEO receives shares from phantom stock units

Rhea-AI Filing Summary

Movado Group Inc. Chairman and CEO Efraim Grinberg reported the delivery of common shares tied to deferred compensation. On January 2, 2026, he acquired 3,534 shares of Movado common stock in a transaction coded “M,” reflecting the distribution of shares underlying previously reported phantom stock units. After this transaction, he directly held 301,839.599 common shares. He also reported indirect holdings of 17,715 shares held by a trust and 9,935 shares held by an IRA.

The filing also shows activity in phantom stock units, which are stated to be the economic equivalent of Movado common shares. A total of 3,533.596 phantom stock units were converted into the same number of common shares, and 35,289.694 phantom stock units remained directly held following the reported transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GRINBERG EFRAIM

(Last) (First) (Middle)

C/O MOVADO GROUP, INC.,

650 FROM ROAD, SUITE 375

(Street)

PARAMUS NJ 07652

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MOVADO GROUP INC [ MOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman - CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/02/2026		M		3,534	A	(1)	301,839.599	D
Common Stock								17,715	I	By trust
Common Stock								9,935	I	By IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Unit	(1)	01/02/2025		M			3,533.596	(2)	(2)	Common Stock	3,533.596	$0	35,289.694	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.

2. Phantom stock units acquired under issuer's Deferred Compensation Plan. Shares of common stock underlying such phantom units distributed to the reporting person on January 2, 2026 pursuant to the reporting person's distribution election(s) on file.

	/s/ Mitchell C. Sussis, attorney-in-fact	01/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Movado Group Inc (MOV) report for Efraim Grinberg?

The filing reports that on January 2, 2026, Efraim Grinberg, Chairman, CEO, director, and 10% owner of Movado Group Inc, acquired 3,534 shares of common stock in a transaction coded “M,” related to phantom stock units.

How many Movado Group Inc (MOV) shares does Efraim Grinberg hold after this Form 4?

Following the reported transaction, Efraim Grinberg directly held 301,839.599 shares of Movado common stock, with additional indirect holdings of 17,715 shares by a trust and 9,935 shares by an IRA.

What are the phantom stock units mentioned in the Movado (MOV) Form 4?

The filing explains that each phantom stock unit is the economic equivalent of one share of Movado Group, Inc. common stock and was acquired under the issuer's Deferred Compensation Plan.

How many Movado (MOV) phantom stock units were converted and how many remain?

On a transaction dated January 2, 2025, 3,533.596 phantom stock units were converted into the same number of common shares, and 35,289.694 phantom stock units remained directly held after the reported transactions.

When were the Movado (MOV) phantom stock-based shares distributed to the reporting person?

The filing states that shares of common stock underlying the phantom stock units were distributed to the reporting person on January 2, 2026 pursuant to the distribution elections on file.

What is the relationship of the reporting person to Movado Group Inc (MOV)?

The reporting person, GRINBERG EFRAIM, is identified as a director, Chairman - CEO, and a 10% owner of Movado Group Inc.