Companies Movado Group Inc
Movado (MOV): executive pay, fiscal 2026
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CEO pay, last three years
- $5,091,430FY2024
- $5,180,710FY2025
- $5,228,254FY2026
CEO total pay was $5,228,254 in fiscal 2026, up from $5,180,710 in fiscal 2025.
FY2026: salary $1,300,001 · bonus $1,755,000 · stock awards $1,949,998
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Efraim Grinberg | $1,300,001 | $1,755,000 | $1,949,998 | — | — | $0 | $223,255 | $5,228,254 |
| Chair and Chief Executive Officer | ||||||||
| Sallie DeMarsilis | 672,751 | 454,106 | 504,559 | — | — | 0 | 104,475 | 1,735,892 |
| EVP, Chief Financial Officer | ||||||||
| Behzad Soltani | 621,001 | 419,175 | 465,752 | — | — | 0 | 49,260 | 1,555,188 |
| EVP, Chief Operating Officer | ||||||||
| Michelle Kennedy | 473,419 | 213,779 | 237,530 | — | — | 0 | 65,956 | 990,684 |
| SVP, Chief Human Resources Officer | ||||||||
| Mitchell Sussis | 473,419 | 213,779 | 237,530 | — | — | 0 | 35,556 | 960,284 |
| SVP, General Counsel and Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Efraim Grinberg | $5,228,254 | $5,180,710 | $5,091,430 | ↑ +47,544 |
| Sallie DeMarsilis | 1,735,892 | 1,303,406 | 1,239,714 | ↑ +432,486 |
| Behzad Soltani | 1,555,188 | 1,155,326 | 1,121,978 | ↑ +399,862 |
| Michelle Kennedy | 990,684 | 741,683 | 1,096,647 | ↑ +249,001 |
| Mitchell Sussis | 960,284 | 748,537 | 702,310 | ↑ +211,747 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation philosophy is guided by core principles of paying for performance, driving sustainable growth, recognizing individuals and teams, aligning with shareholders, and using appropriate judgment. A significant portion of executive pay is at-risk and contingent on performance aligned with company strategies, with a large portion comprised of equity-based awards to align interests with shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Behzad Soltani | RSU | 2025-04-21 | — | — | 34,577 | — | $465,752 |
| Michelle Kennedy | RSU | 2025-04-21 | — | — | 17,634 | — | 237,530 |
| Mitchell Sussis | RSU | 2025-04-21 | — | — | 17,634 | — | 237,530 |
| Sallie DeMarsilis | RSU | 2025-04-21 | — | — | 37,458 | — | 504,559 |
| Efraim Grinberg | RSU | 2025-04-21 | — | — | 144,766 | — | 1,949,998 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Behzad Soltani | $465,752 | $0 | $0 | 0.0% |
| Michelle Kennedy | 237,530 | 0 | 0 | 0.0% |
| Mitchell Sussis | 237,530 | 0 | 0 | 0.0% |
| Sallie DeMarsilis | 504,559 | 0 | 0 | 0.0% |
| Efraim Grinberg | 1,949,998 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Mitchell Sussis | RSU | 25,758 | — | $587,282 |
| Michelle Kennedy | RSU | 27,797 | — | 633,772 |
| Behzad Soltani | RSU | 50,824 | — | 1,158,787 |
| Sallie DeMarsilis | RSU | 55,060 | — | 1,255,368 |
| Grinberg | RSU | 215,717 | — | 4,918,348 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Alan H. HowardIndependent · Lead Independent Director · Audit · Compensation and Human Capital (Chair) | $172,500 | $200,000 | $0 | — | $174 | $372,674 |
| Peter A. BridgmanIndependent · Audit (Chair) | 125,000 | 125,000 | 0 | — | 0 | 250,000 |
| Ann KirschnerIndependent · Nominating, Governance and Corporate Responsibility (Chair) | 117,500 | 125,000 | 0 | — | 925 | 243,425 |
| Stephen SadoveIndependent · Audit | 112,500 | 125,000 | 0 | — | 1,285 | 238,785 |
| Richard IssermanIndependent · Audit | 102,500 | 125,000 | 0 | — | 420 | 227,920 |
| Maya PetersonIndependent | 100,000 | 125,000 | 0 | — | 769 | 225,769 |
| Alex GrinbergEmployee director | — | — | — | — | — | 0 |
| Efraim GrinbergEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $95,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 17,500 |
| Stock ownership guideline | $250,000 |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $730,000 |
| Equity awards (grant-date value) | $825,000 |
| All other compensation | $3,573 |
| Total cost of the board | $1,558,573 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Movado as a peer
Companies that benchmark against MOV
13 companies name MOV as a compensation peer
The list of companies that name MOV as a peer is temporarily unavailable — recheck shortly.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Movado Group Inc | 2026 | Efraim Grinberg | $1,300,001 | $1,949,998 | — | — | $5,228,254 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-17 | 73,196,126 | 530,635 | 20,460 | 99.28% | Passed |
| 2025 | 2025-06-18 | 72,422,202 | 2,002,346 | 30,157 | 97.31% | Passed |
| 2024 | 2024-06-20 | 75,278,580 | 782,558 | 35,168 | 98.97% | Passed |
| 2023 | 2023-06-23 | 77,288,023 | 665,533 | 14,548 | 99.15% | Passed |
| 2022 | 2022-06-23 | 67,309,043 | 10,766,512 | 59,036 | 86.21% | Passed |
| 2021 | 2021-06-24 | 65,965,683 | 11,578,088 | 37,074 | 85.07% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-17 | 99.28%a |
| 2025 | 2025-06-18 | 97.31%b |
| 2024 | 2024-06-20 | 98.97%c |
a. Approved under the standard stated in the filing — “With respect to the aforementioned proposals, abstentions will not be counted as votes cast in accordance with New York law.”.
b. Approved under the standard stated in the filing — “With respect to the aforementioned proposals, abstentions will not be counted as votes cast in accordance with New York law.”.
c. Approved under the standard stated in the filing — “With respect to the aforementioned proposals, abstentions will not be counted as votes cast in accordance with New York law.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 162 : 1 |
|---|---|
| CEO total compensation | $5,228,254 |
| Median employee compensation | $32,312 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (26 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Efraim Grinberg. DEF 14A, filed 2026-05-06. Section “Summary Compensation Table for Fiscal 2026” · page 29. As printed: 5,228,254. View filing ↗
- Section 01, Sallie DeMarsilis. DEF 14A, filed 2026-05-06. Section “Summary Compensation Table for Fiscal 2026” · page 29. As printed: 1,735,892. View filing ↗
- Section 01, Behzad Soltani. DEF 14A, filed 2026-05-06. Section “Summary Compensation Table for Fiscal 2026” · page 29. As printed: 1,555,188. View filing ↗
- Section 01, Michelle Kennedy. DEF 14A, filed 2026-05-06. Section “Summary Compensation Table for Fiscal 2026” · page 29. As printed: 990,684. View filing ↗
- Section 01, Mitchell Sussis. DEF 14A, filed 2026-05-06. Section “Summary Compensation Table for Fiscal 2026” · page 29. As printed: 960,284. View filing ↗
- Section 03, Behzad Soltani RSU. DEF 14A, filed 2026-05-06. Section “Grants of Plan-Based Awards in Fiscal 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Michelle Kennedy RSU. DEF 14A, filed 2026-05-06. Section “Grants of Plan-Based Awards in Fiscal 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Mitchell Sussis RSU. DEF 14A, filed 2026-05-06. Section “Grants of Plan-Based Awards in Fiscal 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Sallie DeMarsilis RSU. DEF 14A, filed 2026-05-06. Section “Grants of Plan-Based Awards in Fiscal 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Efraim Grinberg RSU. DEF 14A, filed 2026-05-06. Section “Grants of Plan-Based Awards in Fiscal 2026” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-05-06. Section “CEO Pay Ratio”. As printed: 162 : 1. View filing ↗
- Section 08, Alan H. Howard. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 372,674. View filing ↗
- Section 08, Peter A. Bridgman. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 250,000. View filing ↗
- Section 08, Ann Kirschner. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 243,425. View filing ↗
- Section 08, Stephen Sadove. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 238,785. View filing ↗
- Section 08, Richard Isserman. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 227,920. View filing ↗
- Section 08, Maya Peterson. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 225,769. View filing ↗
- Section 08, Alex Grinberg. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Efraim Grinberg. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-22. Item 5.07 · say-on-pay result. As reported: 99.28% (votes for as printed: 73,196,126). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-23. Item 5.07 · say-on-pay result. As reported: 97.31% (votes for as printed: 72,422,202). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-25. Item 5.07 · say-on-pay result. As reported: 98.97% (votes for as printed: 75,278,580). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 730,000 + equity 825,000 + all other 3,573 = 1,558,573, summed across the director compensation table rows.
- Movado Group Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-05-06. CEO total compensation as printed in Movado Group Inc's own proxy. As printed: 5,228,254. View filing ↗