Form 4: Steven Madden CEO Edward Rosenfeld Reports Stock Transactions
SEC Form 4 Filing
Edward Rosenfeld, CEO of Steven Madden, Ltd., reports the withholding of shares to cover tax obligations related to vesting restricted stock and holdings in a family trust.
Summary
- On February 28, 2025, Edward Rosenfeld, the CEO of Steven Madden, Ltd., had 35,662 shares withheld to cover tax obligations related to the vesting of 64,484 shares of restricted common stock.
- The price per share for this transaction was $32.79, leaving Rosenfeld with 646,304 directly owned shares.
- On March 1, 2025, an additional 6,748 shares were withheld for tax obligations related to the vesting of 16,334 shares of restricted common stock at a price of $32.79 per share, resulting in 639,556 directly owned shares.
- Rosenfeld also reports indirect ownership of 234,000 shares through the Rosenfeld 2021 Family Trust but disclaims beneficial ownership of these securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | 35,662 shares withheld to satisfy tax obligations related to vesting of restricted common stock. |
| 03/01/2025 | 6,748 shares withheld to satisfy tax obligations related to vesting of restricted common stock. |
| 03/03/2025 | Date of signature by Attorney-in-Fact for Edward R. Rosenfeld. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.