DEMARSILIS SALLIE A 4

What Happened Sallie A. DeMarsilis, Chief Financial Officer of Movado Group, Inc. (MOV), was granted 148.34 phantom stock units on 2026-03-31. The Form 4 lists the transaction as an award/acquisition (derivative) at $0.00 per unit (total reported value $0) because these are compensation units rather than an open-market purchase. This is a compensation grant, not a sale or market purchase.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-01 (timely filing).
• Instrument: 148.34 phantom stock units (derivative award), price recorded as $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Each phantom stock unit equals the economic equivalent of one share of Movado common stock.
  • F2: Units are granted under the issuer’s Deferred Compensation Plan and are distributable in equal annual installments for 10 years following the reporting person’s termination of employment.
• Transaction code: A = Award/Grant (derivative).

Context Phantom stock units are a form of deferred compensation that track the value of company shares but do not transfer actual shares immediately; payout value will depend on Movado’s stock price at distribution. Because this was a grant (not a market purchase), it signals compensation/retention rather than a direct insider bullish or bearish market action.