Form 4: Steven Madden CEO Edward Rosenfeld Reports Stock Transaction
SEC Form 4 Filing
Edward Rosenfeld, CEO of Steven Madden, Ltd., reports disposition of shares to cover tax obligations related to vesting restricted stock.
Summary
- Edward R. Rosenfeld, the CEO of Steven Madden, Ltd. (SHOO), filed a Form 4 on March 4, 2024, reporting a transaction involving the company's common stock.
- On March 1, 2024, Rosenfeld disposed of 45,787 shares of common stock at a price of $42.71 per share to satisfy tax obligations related to the vesting of restricted stock.
- Following the transaction, Rosenfeld directly owns 663,866 shares of Steven Madden, Ltd.
- Rosenfeld also indirectly owns 234,000 shares through the Rosenfeld 2021 Family Trust, but disclaims beneficial ownership of these shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/04/2024 | Date of Form 4 filing. |
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