Movado (MOV) CFO Sallie Demarsilis Receives Phantom Stock Award

What Happened
Sallie A. Demarsilis, Chief Financial Officer of Movado Group, Inc. (MOV), was granted 109.28 phantom stock units on 2026-09-30. The filing shows these units were awarded at $0.00 per unit (derivative award), meaning this was a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Amount: 109.28 phantom stock units; Price: $0.00 (derivative award).
• Shares/units acquired are phantom stock — economic equivalents of Movado common shares (Footnote F1).
• Payout terms: units granted under the issuer’s Deferred Compensation Plan and are distributable in equal annual installments for 10 years following termination of employment (Footnote F2).
• Filing date: 2026-10-01 (filing appears timely based on the report date).
• The Form 4 does not disclose total shares/units owned by Ms. Demarsilis after this grant.

Context
This was a compensation grant of phantom stock units (a derivative award tied to Movado common shares) rather than a cash buy or sale; such awards are common as part of executive compensation and vesting/payment terms can delay any economic benefit until termination or distribution events. The units are not immediately tradable shares but will be paid out per the deferred compensation schedule described.