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Efraim Grinberg has been the CEO of Movado Group, Inc. since 2001. Under his leadership, he has navigated the company through many economic challenges, notably implementing a strong compensation philosophy focused on performance. For example, in 2014, Grinberg earned a...

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Efraim Grinberg

CEO of Movado Group

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

June 1, 1958 - 67 years ago

CEO of Movado Group for

16 years 5 months (Jan 2009 - Present)

Previous Experience

Joined Movado Group in June 1980, served in various roles including Vice President of Marketing, Senior Vice President of Marketing, President and Chief Operating Officer, and President.

Rivals

Competitors/colleagues of Efraim Grinberg

Holdings

See how much did Efraim Grinberg make over time.

Efraim Grinberg has significant holdings in Movado, owning large blocks of Class A and Common Stock that reflect both family investment and corporate strategy. His investments peaked at around $7.4 million in late 2019, showcasing his family's strong connection to...

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Total Stock Sold

$16.44M

MOV

$16.44M

418,545 MOV shares

What if they kept their stock?

If Efraim Grinberg didn't sell their stock, today they would have:
Extra MOV418,545 shares worth $4.39M.
This is -73.27% and $12.05M less than what they got when they sold the stock.

Charitable Transactions

MOV

9,700 shares

MOV

Recent Charitable Transactions

MOV

5,000 shares

MOV

Oct 23, 2013

Charity

MOV

1,700 shares

MOV

Jan 31, 2011

Charity

MOV

3,000 shares

MOV

Jan 31, 2009

Charity

Insider Trading

See recent insider trades of Efraim Grinberg.

MOV

35,998 shares

MOV

Apr 1, 2024

Received

MOV

34,953 shares

MOV

Mar 27, 2023

Received

MOV

24,645 shares

MOV

Mar 28, 2022

Received

MOV

$174.55K

MOV at $41.07/share

Jan 7, 2022

Sale

MOV

$301.30K

MOV at $41.85/share

Jan 4, 2022

Sale

MOV

$669.77K

MOV at $42.15/share

Dec 30, 2021

Sale

MOV

$397.48K

MOV at $41.86/share

Dec 27, 2021

Sale

MOV

$397.48K

MOV at $41.86/share

Dec 27, 2021

Sale

MOV

$201.62K

MOV at $40.32/share

Dec 22, 2021

Sale

MOV

$535.98K

MOV at $38.83/share

Dec 17, 2021

Sale

Compensation History

See how much did Efraim Grinberg make over time.

Efraim Grinberg's compensation shows a tight alignment with Movado's performance. For 2014, he received just over $1.25 million. His salary made up the large majority of his total compensation, as no performance-based bonuses were awarded due to unmet profit targets. Grinberg's pay package is structured to attract and retain talented executives while keeping a close eye on performance metrics like operating profit. Over the years, his total earnings have varied, reflecting the financial health of Movado. While his bonuses fluctuated based on performance, the absence of stock options reflects a focused approach on cash-based compensation. This highlights an interesting aspect of corporate leadership; he prioritizes immediate performance over longer-term stock options, which can shift with market volatility.

Year

2014

Total Compensation

$1.26M

Salary

$1.00M

Board Justification

The compensation philosophy aims to attract, retain, and motivate highly qualified individuals, aligning their interests with those of shareholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonuses were paid to any of the Covered Employees or to any of the other named executive officers, including the CEO, due to not reaching the required level of $90 million in operating profit necessary to fund the bonus pool under the Annual Incentive Compensation Plan.

Other

$258.24K

Board Justification

Includes a taxable car allowance, automobile insurance reimbursement, life insurance premiums, and contributions to retirement plans.

Restricted Stock

$0.00(0 Common Stock)

Board Justification

No stock awards were vested in fiscal 2015 as the performance targets were not met.

Performance Metrics

The performance metrics for determining compensation included adjusted operating profit, which was set at $40 million as a threshold for the Executive Performance Plan.