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

Role: EVP,Commercial President & CTO
Signature: /s/ Mitchell C. Sussis attorney-in-fact
Issuer symbol: MOV
Transactions as of: 29 Mar 2024
Net transactions value: -$53,570
Form type: 4
Filing time: 02 Apr 2024, 17:46:29 UTC
Previous filing: 02 Jan 2024
Next filing: 03 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MOV	Common Stock	Tax liability	$53,570	-1,918	-7.7%	$27.93	22,914	29 Mar 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	+5.1%	$0.000000	1,435	31 Mar 2024	Common Stock	69		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.