DEMARSILIS SALLIE A 4
4 · MOVADO GROUP INC · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Movado (MOV) CFO Sallie DeMarsilis Receives Phantom Stock Award
What Happened Sallie A. DeMarsilis, Chief Financial Officer of Movado Group, Inc. (MOV), received an award of 83.26 phantom stock units on June 30, 2026. The grant is reported as a derivative award (code A) at $0.00 per unit (total reported value $0 at grant). This is a deferred compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-02 (appears timely).
- Award: 83.26 phantom stock units, price reported $0.00 (derivative award).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes:
- Each phantom stock unit is the economic equivalent of one share of Movado common stock.
- Units are distributable in equal annual installments for 10 years following the reporting person’s termination of employment (Deferred Compensation Plan).
- Transaction code: A = Award/Grant (derivative), not a purchase (P) or sale (S).
Context Phantom stock units are deferred-compensation awards that mirror the economic value of company shares but do not represent current common-stock ownership or an immediate cash transaction. Payouts typically occur later (here, in equal annual installments over 10 years after termination), so this award is a retention/compensation vehicle rather than an immediate market bet by the CFO.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-06-30+83.26→ 5,195.65 total→ Common Stock (83.26 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.
- [F2]Phantom stock units acquired under issuer's Deferred Compensation Plan distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer.