Movado Group (NYSE: MOV) SVP stock award leads to 230-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOVADO GROUP INC senior vice president and Principal Accounting Officer Linda Feeney reported a routine tax-related share disposition. On March 27, 230 shares of common stock were withheld by the company at $24.05 per share to cover tax withholding obligations tied to the vesting of stock awards granted on March 27, 2023. After this non-market transaction, she directly holds 5,240 shares of Movado common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feeney Linda
Role
SVP, Principal Acct. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 230 | $24.05 | $6K |
Holdings After Transaction:
Common Stock — 5,240 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 230 shares
Withholding price per share: $24.05 per share
Shares held after transaction: 5,240 shares
+1 more
4 metrics
Shares withheld for taxes
230 shares
Withheld on March 27 to satisfy tax obligations
Withholding price per share
$24.05 per share
Value used for 230 withheld shares
Shares held after transaction
5,240 shares
Direct holdings of Movado common stock after withholding
Tax withholding shares (summary)
230 shares
TaxWithholdingShares in transaction summary
Key Terms
tax withholding obligations, vesting of stock awards, Principal Acct. Officer, Form 4
4 terms
tax withholding obligations financial
"shares withheld by the company to satisfy the tax withholding obligations upon vesting"
vesting of stock awards financial
"upon vesting of stock awards previously granted on March 27, 2023"
Principal Acct. Officer financial
"officer_title": "SVP, Principal Acct. Officer""
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did MOV executive Linda Feeney report on this Form 4?
Linda Feeney reported a tax-related share disposition. The company withheld 230 shares of Movado common stock on March 27 to satisfy tax withholding obligations arising from the vesting of stock awards granted on March 27, 2023.
What role does Linda Feeney hold at MOVADO GROUP INC in this Form 4?
Linda Feeney is identified as an officer of MOVADO GROUP INC, serving as senior vice president and Principal Accounting Officer. The reported Form 4 transaction reflects equity compensation tax withholding associated with her role rather than an open-market trade.