GRINBERG EFRAIM 4

What Happened

• Efraim Grinberg, identified as a 10% owner of Movado Group Inc. (MOV), was granted 286.65 phantom stock units on 2026-03-31. The units were reported as acquired at $0.00 (derivative award), so no cash changed hands in this filing. This is an award of deferred compensation rather than an open-market purchase or a sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
• Units granted: 286.65 phantom stock units; reported price per unit: $0.00; reported total value: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — each phantom stock unit is the economic equivalent of one Movado common share. F2 — units were 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 type: A = Award/Grant of a derivative (phantom stock). Not a purchase or sale.

Context

• Phantom units are derivative awards that track the economic value of common stock but typically do not convey voting rights until (if) settled; here they are deferred and payable over 10 years after termination. Such grants are generally part of compensation arrangements and should be viewed as compensation-related, not direct market-timing by the insider.