Form 4: Amelia Varela, President of Steven Madden, Ltd., Reports Acquisition of 6,005 Shares of Common Stock

Amelia Varela, President of Steven Madden, Ltd., reported the acquisition of 6,005 shares of common stock on March 15, 2024, as part of a restricted stock grant.

Summary

• On March 18, 2024, Amelia Varela, President of Steven Madden, Ltd., filed a Form 4 with the SEC.
• The report details a transaction that occurred on March 15, 2024, where Ms. Varela acquired 6,005 shares of Steven Madden, Ltd. common stock.
• This acquisition was a restricted stock grant under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
• The stock will vest in substantially equal installments annually from March 15, 2025, to March 15, 2029.
• Until fully vested, the stock is subject to forfeiture according to the plan's terms.
• Following the reported transaction, Ms. Varela beneficially owns 212,335 shares of Steven Madden, Ltd. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The restricted stock grant aligns Ms. Varela's interests with the long-term performance of Steven Madden, Ltd.

Future Outlook

The restricted stock grant vests over five years, suggesting a commitment from the executive to the company's long-term success.

Industry Context

Stock grants are a common form of executive compensation in the fashion and retail industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded companies, including those in the fashion and retail sector like Nike (NKE), Adidas (ADS.DE), and Tapestry (TPR).
• The vesting schedule of five years is also fairly standard, encouraging long-term commitment.
• The size of the grant should be compared to grants given to executives at peer companies to determine if it is above or below industry averages.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with the company's long-term performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates