Kennedy Michelle 4
4 · MOVADO GROUP INC · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Movado (MOV) SVP Michelle Kennedy Receives Phantom Stock Award
What Happened Michelle Kennedy, Senior Vice President of Human Resources at Movado Group, Inc. (MOV), was granted 30.51 phantom stock units on 2026-06-30. The Form 4 reports the acquisition as an award/derivative (code A) at $0.00 per unit (total reported acquisition value $0). This is a compensation-related award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-30; Form filed 2026-07-02 (no indication of a late filing).
- Transaction type: Award / grant of phantom stock units (derivative), 30.51 units @ $0.00.
- Shares owned after transaction: Not stated in the filing.
- Footnotes:
- F1: Each phantom stock unit is the economic equivalent of one Movado common share.
- F2: Units are 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.
Context Phantom stock units are a form of deferred compensation that track the economic value of company shares but typically do not convey immediate ownership, voting rights, or dividends in the same way as issued common stock. These units will be paid out over time per the deferred compensation plan terms and do not represent an immediate cash purchase or sale by the insider.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-06-30+30.51→ 548.37 total→ Common Stock (30.51 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.