Form 4: Maria Teresa Kumar Reports Stock Grant and Disposal in Steven Madden, Ltd.

Director Maria Teresa Kumar reported the acquisition of 2,906 shares of Steven Madden, Ltd. common stock through a restricted stock grant and the disposal of 13,046 shares on May 22, 2024.

Summary

• On May 22, 2024, Maria Teresa Kumar, a director of Steven Madden, Ltd. (SHOO), reported a transaction involving the company's common stock.
• Kumar acquired 2,906 shares of common stock through a restricted stock grant.
• The grant was made under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
• These shares will vest on May 20, 2025, and are subject to forfeiture until fully vested.
• Kumar also disposed of 13,046 shares of common stock.
• Following these transactions, Kumar beneficially owns 13,046 shares of Steven Madden, Ltd.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports facts without expressing any opinion or forward-looking statements.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions can provide insights into management's perspective on the company's value and future prospects.

Key Dates