Movado (MOV) Director Alexander Grinberg Receives Phantom Stock Award

What Happened

• Alexander Grinberg, a director of Movado Group, Inc. (MOV), was granted 27.61 phantom shares (derivative award) on 2026-09-30. The units were recorded at $0.00 per unit (no cash purchase) and are reported as an award/grant (Form 4 transaction code A).

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (timely filing).
• Quantity: 27.61 phantom stock units; Price: $0.00; Total reported value: $0 (derivative award).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: (1) Each phantom stock unit is the economic equivalent of one share of Movado common stock. (2) These 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.
• Filing timeliness: Filed the next business day, consistent with Form 4 reporting requirements.

Context

• This was an award of phantom stock (a deferred/derivative compensation vehicle), not an open‑market purchase or sale. Phantom units generally mirror economic exposure to stock value but do not represent immediate transfer of common shares; payouts are deferred per the plan terms and do not necessarily indicate near‑term buying or selling by the insider.