DEMARSILIS SALLIE A 4
4 · MOVADO GROUP INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Movado (MOV) CFO Sallie Demarsilis Withholds 2,903 Shares
What Happened
- Sallie A. Demarsilis, Chief Financial Officer of Movado Group Inc. (MOV), had 2,903 shares withheld by the company on 2026-03-27 to satisfy tax withholding obligations related to vested stock awards. The withholding price was $24.05 per share, for a notional value of approximately $69,817. The transaction is reported on a Form 4 filed 2026-03-31.
Key Details
- Transaction date and price: 2026-03-27 at $24.05 per share.
- Shares involved: 2,903 shares withheld (disposition reported).
- Total value: ~ $69,817 (2,903 × $24.05).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: Withholding was to satisfy tax obligations on awards granted March 27, 2023 (footnote F1).
- Transaction code: F (tax withholding); this is not an open‑market sale.
- Filing timeliness: Form 4 was filed on 2026-03-31 and appears timely.
Context
- This was a company share-withholding to cover taxes upon vesting, effectively a cashless action, not a sale to a third party. Such withholding is routine administrative handling of tax obligations and does not, by itself, indicate a change in the insider’s market view.
Insider Transaction Report
Form 4
DEMARSILIS SALLIE A
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-27$24.05/sh−2,903$69,817→ 126,296 total
Footnotes (1)
- [F1]Consists of shares withheld by the company to satisfy the tax withholding obligations upon vesting of stock awards previously granted on March 27, 2023.
Signature
/s/ Mitchell C. Sussis, attorney-in-fact|2026-03-31