Movado (MOV) Form 4: 44.99 Phantom Units Acquired on 09/30/2025
Linda Feeney, Senior Vice President and Principal Accounting Officer of Movado Group, Inc. (MOV), reported acquisition of 44.99 phantom stock units on 09/30/2025.
Rhea-AI Filing Summary
Linda Feeney, Senior Vice President and Principal Accounting Officer of Movado Group, Inc. (MOV), reported acquisition of 44.99 phantom stock units on 09/30/2025. Each phantom unit is the economic equivalent of one share of Movado common stock and the report shows 501.33 shares beneficially owned following the transaction. The phantom units were granted under the issuer's Deferred Compensation Plan and are distributable in equal annual installments for 10 years following termination of employment. The Form 4 was executed by an attorney-in-fact and dated 10/02/2025.
Positive
- 44.99 phantom stock units granted to Linda Feeney on 09/30/2025
- Phantom units are the economic equivalent of common shares and are payable in equal annual installments for 10 years, supporting long-term retention
Negative
- None.
Insights
Insider received 44.99 phantom units under deferred comp plan.
The grant is a non-cash compensation award: the Form 4 shows the units priced at $0 and described as economic equivalents to common shares, indicating payout substitutes rather than immediate share issuance.
The units are payable in equal annual installments for 10 years after termination, which spreads future cash or stock obligations over a long period and aligns long-term retention with the issuer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 44.99 | $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.
FAQ
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What did Linda Feeney report on the Movado (MOV) Form 4?
What is the economic nature of the phantom stock units?
When will the phantom units be paid out?
Was there any cash price paid for the phantom units?
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