GRINBERG EFRAIM 4
4 · MOVADO GROUP INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Movado (MOV) 10% Owner Efraim Grinberg Withholds 11,926 Shares
What Happened
Efraim Grinberg, a >10% owner of Movado Group Inc. (MOV), had 11,926 shares withheld by the company on March 27, 2026 to satisfy tax withholding obligations tied to vested stock awards. The withholding was recorded at $24.05 per share, a total value of approximately $286,820. This is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-27
- Transaction: 11,926 shares withheld (disposed) at $24.05 per share; total value ≈ $286,820
- Footnote: Shares were withheld by the company to satisfy tax withholding on awards granted March 27, 2023 (F1)
- Shares owned after the transaction: not specified in the provided filing
- Filing date: 2026-03-31 — filed within the normal Form 4 reporting window (timely)
Context
This was a routine cashless withholding to cover taxes upon vesting of previously granted awards, not a market sale. For retail investors, tax-withholding disposals typically reflect administrative requirements rather than a reflection of the insider’s view on the company’s stock. As a 10% owner, Grinberg is a significant stakeholder; this filing documents the tax-related disposition, not a deliberate share sale or purchase.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-27$24.05/sh−11,926$286,820→ 374,676.599 total
- 17,715(indirect: By Trust)
Common Stock
- 9,935(indirect: By IRA)
Common Stock
Footnotes (1)
- [F1]Consists of shares withheld by the company to satisfy the tax withholding obligations upon vesting of stock awards previously granted on March 27, 2023.