Movado Group CEO Efraim Grinberg's 2019 pay jumps 56% to $5.5M
Movado Group reports 2019 executive compensation
By ExecPay News
Published: May 7, 2019
Movado Group reported fiscal year 2019 executive compensation information on May 7, 2019.
In 2019, five executives at Movado Group received on average a compensation package of $1.8M, a 37% increase compared to previous year.
Average pay of disclosed executives at Movado Group
Efraim Grinberg, Chief Executive Officer, received $5.5M in total, which increased by 56% compared to 2018. 38% of Grinberg's compensation, or $2.1M, was in non-equity incentive plan. Grinberg also received $1.1M in salary, $2M in stock awards, as well as $261K in other compensation.
For fiscal year 2019, the median employee pay was $32,388 at Movado Group. Therefore, the ratio of Efraim Grinberg's pay to the median employee pay was 169 to one.
Sallie A. DeMarsilis, Chief Financial Officer, received a compensation package of $1.2M, which increased by 10% compared to previous year. 42% of the compensation package, or $521K, was in salary.
Frank A. Morelli, SVP Global Info. Tech. & Operations, earned $1.1M in 2019, a 11% increase compared to previous year.
Mitchell C. Sussis, General Counsel, received $761K in 2019, which increases by 7% compared to 2018.
Vivian D'Elia, SVP Human Resources, earned $564K in 2019, a 9% increase compared to previous year.
Movado Group's fiscal year ends on January 31.
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Source: SEC filing on May 7, 2019.