GRINBERG ALEXANDER 4

What Happened

• Alexander Grinberg, a director of Movado Group, Inc. (MOV), received an award of 21.04 phantom stock units (derivative securities) on 2026-06-30. The reported price per unit is $0.00 (non-cash award); the filing records this as an award/grant (transaction code A).
• This is a grant of phantom stock (economic equivalent to common shares), not an open-market purchase or sale, and does not represent immediate acquisition of tradable common stock.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely under the two-business-day rule).
• Amount: 21.04 phantom stock units; reported value per unit: $0.00; total cash consideration reported: $0.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: (1) Each phantom unit equals the economic equivalent of one Movado common share. (2) 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.

Context

• Phantom stock is a derivative compensation vehicle that mirrors the economic return of common shares but does not convey immediate voting rights or tradable shares. Payouts typically occur later (here, in annual installments after termination), so this award is part of director compensation rather than a direct market signal to buy or sell Movado stock.