Sussis Mitchell Cole 4

What Happened
Mitchell Cole Sussis, Senior Vice President and General Counsel of Movado Group, had 1,467 shares withheld by the company on 2026-03-27 to satisfy tax withholding obligations tied to the vesting of previously granted stock awards. The withheld shares were priced at $24.05 each, representing $35,281 in value. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-27; reported on Form 4 filed 2026-03-31.
• Action/type: Tax withholding upon vesting (transaction code F).
• Shares withheld/disposed: 1,467 shares at $24.05 each; total value $35,281.
• Footnote: Withholding consists of shares withheld by the company to satisfy tax obligations on awards granted March 27, 2023 (per F1).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed within days after the transaction; no late-filing flag indicated.

Context
This was a routine tax-withholding transaction related to vested equity awards (a common administrative step). It does not represent an active open-market sale or a purchase signal by the insider and should be interpreted as settlement for tax purposes rather than a discretionary trade.