GRINBERG EFRAIM 4

What Happened
Efraim Grinberg, a 10% owner of Movado Group, Inc. (MOV), received a grant of 296.29 phantom stock units on 2026-06-30. The units were reported at $0.00 per unit (derivative award), so no cash was exchanged. This was an award/grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (appears within the typical 2-business-day reporting window).
• Instrument: 296.29 phantom stock units (derivative award), reported at $0.00 per unit; total reported cash value $0.
• Shares owned after transaction: not specified in the reported data.
• Footnotes: F1 — each phantom stock unit is economically equivalent to 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 following the reporting person’s termination of employment.
• Transaction type: Award/Grant (code A); not a purchase (P) or sale (S).

Context
Phantom stock is a deferred-compensation derivative that mirrors economic exposure to company shares but does not represent immediate common-stock ownership or an open-market purchase. The grant indicates compensation or long-term retention design rather than an immediate bullish purchase of stock to increase ownership.