GRINBERG ALEXANDER 4

What Happened Alexander Grinberg, a director of Movado Group, Inc. (MOV), was granted 37.49 phantom stock units on March 31, 2026. The grant is recorded as a derivative award at $0.00 per unit (total recorded value $0) and represents the economic equivalent of 37.49 shares of Movado common stock rather than an open‑market purchase.

Key Details

• Transaction date and type: 2026-03-31 — Grant/Award of phantom stock units (code A, derivative).
• Quantity and price: 37.49 units @ $0.00 (total $0 as reported).
• Shares owned after transaction: Not specified in the provided filing.
• Filing: Report filed 2026-04-01 for the reporting period ending 2026-03-31 (appears timely).
• Notable footnotes:
  • F1: Each phantom stock unit is the economic equivalent of one share of Movado common stock.
  • F2: Units are under the issuer’s Deferred Compensation Plan and are distributable in equal annual installments for 10 years following the reporting person’s termination.

Context This was an awarded, deferred-compensation grant (phantom stock), not an outright purchase or sale. Phantom units typically confer economic exposure to the stock’s value and are paid or settled according to the plan terms (here, in annual installments over 10 years after termination), so they do not represent immediate share transfers or market sales.