Kennedy Michelle 4

What Happened

• Michelle Kennedy, Senior Vice President, Human Resources at Movado Group (MOV), had 2,155 shares withheld by the company to satisfy tax withholding obligations upon vesting of stock awards. The shares were valued at $24.05 each, for a total of approximately $51,828. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-27
• Price per share: $24.05; Total value: ~$51,828
• Transaction type: F (shares withheld to satisfy tax withholding on vested awards)
• Footnote: F1 — shares were withheld to satisfy tax withholding upon vesting of awards originally granted on March 27, 2023
• Shares owned after transaction: not specified in the supplied filing
• Filing timeliness: Report filed 2026-03-31 (timely relative to the reported transaction date)

Context

• This is a routine tax-withholding action tied to vesting of previously granted awards (a common administrative disposition). It should not be interpreted as an open-market sale signaling sentiment; it simply reduces the net shares delivered to the insider to cover taxes.