Kennedy Michelle 4

What Happened

• Michelle Kennedy, Senior Vice President, Human Resources of Movado Group, Inc. (MOV), received a grant of 46.69 phantom stock units on 2026-03-31. The grant was recorded at $0.00 per unit (no cash paid) and is reported as a derivative award.
• These phantom units are the economic equivalent of common shares and are part of the issuer's Deferred Compensation Plan; they do not represent immediately issued common stock or an open‑market purchase.

Key Details

• Transaction date: 2026-03-31; Filing date (Form 4): 2026-04-01 (appears timely).
• Award: 46.69 phantom stock units acquired at $0.00 (derivative award).
• Total cash exchanged at grant: $0.00.
• Footnotes: F1 — each phantom unit equals the economic equivalent of one share of Movado common stock. F2 — units under the Deferred Compensation Plan are distributable in equal annual installments for 10 years following the reporting person’s termination of employment.
• Shares/units owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or sale activity reported in this transaction.

Context

• Phantom stock is a compensation vehicle that tracks the value of company stock and typically pays out in cash or stock later; it’s a grant/compensation event rather than a purchase or sale indicating immediate insider conviction.
• For retail investors, routine awards to executives are common and primarily reflect compensation policy rather than near‑term trading intent.