Soltani Behzad 4

What Happened

• Behzad Soltani, EVP & COO of Movado Group, Inc. (MOV), received an award of 136.93 phantom stock units on 2026-03-31. The filing shows a price of $0.00 (no cash paid) and the units are recorded as a derivative award (transaction code A).

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (timely).
• Award: 136.93 phantom stock units at $0.00.
• Footnote: Each phantom stock unit is the economic equivalent of one share of Movado common stock.
• Payout terms: Units under the issuer’s Deferred Compensation Plan are distributable in equal annual installments for 10 years following the reporting person’s termination of employment.
• Shares owned after the transaction: not specified in the supplied filing excerpt.

Context

• This was a compensation award (not an open‑market purchase or sale), so it reflects company compensation practices rather than a direct buy/sell signal from the insider.
• Phantom stock units are derivative awards that generally track the value of common shares and are typically settled in cash or stock per plan terms; here they are deferred and paid out over 10 years after termination.