Behzad Soltani - Mar 29, 2024 Form 4 Insider Report for MOVADO GROUP INC (MOV)

Role
EVP,Commercial President & CTO
Signature
/s/ Mitchell C. Sussis attorney-in-fact
Stock symbol
MOV
Transactions as of
Mar 29, 2024
Transactions value $
-$53,570
Form type
4
Date filed
4/2/2024, 05:46 PM
Previous filing
Jan 2, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOV Common Stock Tax liability -$53.6K -1.92K -7.72% $27.93 22.9K Mar 29, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MOV Phantom Stock Unit Award $0 +69.4 +5.08% $0.00 1.43K Mar 31, 2024 Common Stock 69.4 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares withheld by the company to satisfy the tax withholding obligations upon the vesting of stock awards previously granted on March 29, 2021.
F2 Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.
F3 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.