Sussis Mitchell Cole 4

What Happened

• Mitchell Cole Sussis, Senior Vice President and General Counsel of Movado Group, Inc., was granted 52.38 phantom stock units on 2026-03-31. The filing reports these as a derivative award at $0.00 per unit (total reported value $0), coded as an Award/Grant (A) on the Form 4.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (filed within the standard Form 4 reporting window).
• Grant details: 52.38 phantom stock units acquired, reported at $0.00 per unit.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) each phantom unit is the economic equivalent of one share of Movado common stock; (F2) units are payable under the issuer’s Deferred Compensation Plan in equal annual installments over 10 years following the reporting person’s termination of employment.
• Transaction code: A = Award/Grant (derivative security).

Context

• This was a compensation award (phantom stock), not an open-market purchase or sale. Phantom units typically provide long-term economic exposure tied to the company’s stock rather than immediate share ownership or sale, and the reported deferred payout schedule means any economic benefit is spread over years after employment ends. Such grants are common executive compensation and should be interpreted as part of pay alignment rather than a direct trading signal.