DEMARSILIS SALLIE A 4

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.