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Movado Group Inc. Chief Financial Officer Sallie A. DeMarsilis exercised stock options and had shares withheld for taxes. On June 18, 2026, she exercised employee stock options covering 13,660 shares of common stock at an exercise price of $23.35 per share, converting them into common stock. To cover tax obligations, 11,005 common shares were disposed of as a tax-withholding transaction at $38.38 per share rather than through an open-market sale. After these transactions, she directly owned 128,951 shares of Movado common stock, reflecting a net increase in her equity position from this option exercise.
Movado Group reported a strong first quarter of fiscal 2027, with net sales of $142.4 million, up 8.1% from $131.8 million a year earlier. Gross profit rose to $81.6 million and operating income jumped to $7.0 million from $0.3 million, reflecting higher sales and a 320 basis-point gross margin expansion.
Net income attributable to Movado increased to $6.9 million, or diluted EPS of $0.30, compared with $0.06 in the prior-year quarter; adjusted EPS was $0.32. The company ended the quarter with $225.3 million in cash and no debt, repurchased 61,000 shares, and the Board approved a 14% increase in the quarterly dividend to $0.40 per share.
Movado Group, Inc. calls a virtual-only 2026 annual meeting for June 17, 2026, asking shareholders to elect eight directors, ratify PricewaterhouseCoopers LLP as auditor for fiscal 2027, and approve an advisory vote on executive compensation. Holders of Common Stock get one vote per share and Class A Common Stock ten votes per share as of April 24, 2026.
Executive Chair and CEO Efraim Grinberg beneficially owns 5,353,718 Class A shares and 502,952 Common shares, representing 66.81% of total voting power. For fiscal 2026, Movado reports net sales of $671.3 million and operating income of $29.8 million, with $57.9 million in operating cash flow and $230.5 million in cash and no debt.
Given economic uncertainty, the Compensation and Human Capital Committee used discretion under the Annual Incentive Compensation Plan and paid bonuses at 90% of target. All 2026 long‑term awards were time‑based RSUs, and CEO total compensation was $5,228,254, yielding a CEO‑to‑median employee pay ratio of 162 to 1.
Movado Group Inc. Chairman and CEO Efraim Grinberg exercised stock options and had shares withheld for taxes. He exercised 100,000 Employee Stock Options at an exercise price of $16.87 per share, receiving 100,000 shares of Common Stock.
To cover tax obligations, 80,817 Common Shares were disposed of through a tax-withholding transaction at $27.08 per share, which is not an open-market sale. After these transactions, he holds approximately 393,859.599 Common Shares directly, plus 17,715 shares held by a trust and 9,935 shares held in an IRA.
Movado Group director Alexander Grinberg reported an open-market sale of 4,935 shares of Common Stock held in his IRA at $43.05 per share on January 5, 2022. This transaction reduced his IRA position in the stock to zero.
After the sale, he continued to hold 24,066 shares directly and 6,426 shares indirectly through a trust. A footnote explains that later ownership reports had inadvertently overstated his indirect holdings by still counting the IRA shares that were already sold on this date.
Sussis Mitchell Cole reported acquisition or exercise transactions in this Form 4 filing.
MOVADO GROUP INC Senior VP and General Counsel Mitchell Cole Sussis received a grant of 52.380 phantom stock units on Movado Group common stock. Each phantom stock unit is the economic equivalent of one share of common stock and was awarded at no cash cost to the insider.
After this grant, Sussis holds a total of 1,581.790 phantom stock units. These units were granted under the company’s Deferred Compensation Plan and are scheduled to be paid out in equal annual installments over 10 years after Sussis’s employment with Movado ends.
Soltani Behzad reported acquisition or exercise transactions in this Form 4 filing.
Movado Group EVP & COO Behzad Soltani reported a compensation-related grant of 136.93 phantom stock units on common stock. Each phantom stock unit is the economic equivalent of one Movado Group common share and was awarded at a stated price of $0.00 per unit.
The units were granted under the company’s Deferred Compensation Plan and will be distributed in equal annual installments for 10 years after Soltani’s termination of employment with Movado Group. Following this award, Soltani directly holds 2,207.46 phantom stock units.
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.
Movado Group Inc. Chairman and CEO Efraim Grinberg received a grant of 286.6500 Phantom Stock Units on March 31, 2026. Each phantom stock unit is economically equivalent to one share of Movado common stock and was awarded as compensation, not an open-market purchase or sale. Following this award, Grinberg holds 35,573.6200 Phantom Stock Units. These units were acquired under the company’s Deferred Compensation Plan and are scheduled to be distributed in equal annual installments over 10 years after his employment with Movado ends.