Movado (MOV) SVP Linda Feeney Receives 26.01 Phantom Shares

What Happened

• Linda Feeney, SVP and Principal Accounting Officer of Movado Group, Inc. (MOV), was granted 26.01 phantom stock units on 2026-09-30. The units were reported as acquired at $0.00 (derivative award), i.e., no cash was paid by the insider. The Form 4 lists this as an award/grant (transaction code A).

Key Details

• Transaction date and price: 2026-09-30; 26.01 units at $0.00 each (derivative award).
• Filing timeliness: Report filed 2026-10-01 (timely; Form 4 is typically due within 2 business days).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • Each phantom stock unit equals the economic value of one Movado common share (F1).
  • Units were granted under the issuer’s Deferred Compensation Plan and will be distributable in equal annual installments for 10 years after the reporting person’s termination of employment (F2).
• Transaction code: A (award/grant of derivative securities).

Context

• This was a compensation award (phantom stock derivative), not an open-market purchase or sale. Phantom units track the economic value of common shares but typically do not convey immediate voting rights or actual stock ownership until settled.
• Such grants are commonly used for executive compensation and retention; they do not by themselves indicate the insider buying or selling shares in the market.