Movado (MOV) HR SVP receives 46.7 phantom stock units under deferred compensation plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kennedy Michelle reported acquisition or exercise transactions in this Form 4 filing.

Movado Group Inc. senior vice president of human resources Michelle Kennedy received a grant of phantom stock units under the company’s deferred compensation plan. The award covers 46.690 phantom stock units, each economically equivalent to one share of Movado Group common stock.

Following this grant, Kennedy holds a total of 517.890 phantom stock units directly. These units are not an open-market purchase or sale; they are a compensation-related award. The phantom stock units are scheduled to be distributed in equal annual installments over 10 years after her employment with Movado Group ends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kennedy Michelle

Role SVP, Human Resources

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit	46.69	$0.00	--

Holdings After Transaction: Phantom Stock Unit — 517.89 shares (Direct)

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 units granted: 46.690 units Total phantom units after grant: 517.890 units Economic equivalence: 1 unit = 1 share +1 more

4 metrics

Phantom units granted 46.690 units Grant of phantom stock units on March 31, 2026

Total phantom units after grant 517.890 units Direct phantom stock holdings following transaction

Economic equivalence 1 unit = 1 share Each phantom stock unit equals one Movado common share economically

Distribution period 10 years Annual installments over 10 years after employment termination

Key Terms

Phantom Stock Unit, Deferred Compensation Plan, economic equivalent, Form 4

4 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"

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.

economic equivalent financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 05:09 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Kennedy Michelle

(Last)

(First)

(Middle)

C/O MOVADO GROUP, INC.,

650 FROM ROAD, SUITE 375

(Street)

PARAMUS

NEW JERSEY

07652

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Human Resources

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Unit	⁽¹⁾	03/31/2026		A		46.69		⁽²⁾	⁽²⁾	Common Stock	46.69	$0	517.89	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 distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer.

	/s/ Mitchell C. Sussis, attorney-in-fact	04/01/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did MOV executive Michelle Kennedy report in this Form 4 filing?

Michelle Kennedy reported receiving 46.690 phantom stock units as a compensation grant. These units are tied to Movado Group Inc. common stock value and increase her total phantom stock holdings to 517.890 units held directly under the company’s deferred compensation plan.

Is Michelle Kennedy buying or selling MOV shares in this Form 4?

This Form 4 does not show an open-market buy or sell of MOV shares. It reports a grant of 46.690 phantom stock units as compensation, economically equivalent to common stock, increasing her deferred phantom holdings to 517.890 units without cash trading activity.

How many phantom stock units does Michelle Kennedy now hold at Movado (MOV)?

After this grant, Michelle Kennedy holds 517.890 phantom stock units. The filing shows a new award of 46.690 units, bringing her total direct phantom stock balance to 517.890 units, each economically tied to one share of Movado Group common stock value.

What are phantom stock units in the Movado (MOV) deferred compensation plan?

Phantom stock units are bookkeeping entries whose value tracks Movado common stock. Each unit equals one share economically but does not represent actual stock ownership. Under the deferred compensation plan, units are distributed in cash or equivalents after employment ends, over a defined payout schedule.

When will Michelle Kennedy’s Movado phantom stock units be paid out?

The phantom stock units are distributable in equal annual installments for 10 years. Payments begin after Michelle Kennedy’s termination of employment with Movado Group Inc., according to the deferred compensation plan terms referenced in the Form 4 filing footnotes.