Feeney Linda 4

What Happened

• Linda Feeney, Senior Vice President and Principal Accounting Officer of Movado Group, Inc., received a grant of 19.76 phantom stock units on 2026-06-30. The units were reported at $0.00 per unit (no cash exchanged) and are recorded as a derivative award (transaction code A). Footnote F1 states each phantom unit is the economic equivalent of one share of Movado common stock.

Key Details

• Transaction date and filing: Award dated 2026-06-30; Form 4 filed 2026-07-02 (filed two days after the reported transaction).
• Amount: 19.76 phantom stock units granted at $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each phantom stock unit equals the economic value of one share of Movado common stock.
  • F2: Units were granted under the issuer’s Deferred Compensation Plan and are distributable in equal annual installments for 10 years after the reporting person’s termination of employment.
• Filing timeliness: The Form 4 was filed shortly after the grant date and appears to meet the usual two-business-day reporting window for insiders.

Context

• These phantom stock units are a form of deferred compensation that track the economic value of Movado shares but do not necessarily represent immediate ownership, voting rights, or saleable common stock. Distribution is delayed and tied to the Deferred Compensation Plan terms (10-year installment schedule after termination). Grants like this are commonly part of executive compensation and do not by themselves indicate a buy or sell signal.