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Movado Group (NYSE: MOV) SVP stock award leads to 230-share tax withholding
Movado Group’s Senior Vice President and Principal Accounting Officer, Linda Feeney, reported a routine tax-related share disposition where 230 shares of common stock were withheld by the company to cover tax obligations from vested stock awards. This non-market transaction on March 27, priced at $24.05 per share, leaves Feeney with 5,240 directly held shares of Movado common stock. The event is characterized as a standard administrative process rather than a market sale.