Form 4: Steven Madden CEO Reports Tax-Related Stock Disposition
Insider Transaction Report
Steven Madden CEO Edward R. Rosenfeld reported a tax-related disposition of 8,331 shares of common stock at $42.93 per share, following the vesting of restricted stock.
Summary
- Edward R. Rosenfeld, Chief Executive Officer of STEVEN MADDEN, LTD. (SHOO), reported a transaction on December 1, 2025.
- The transaction involved the disposition of 8,331 shares of common stock at a price of $42.93 per share.
- These shares were withheld to satisfy tax obligations in connection with the vesting of 15,064 shares of restricted common stock.
- Following this transaction, Mr. Rosenfeld directly beneficially owns 765,612 shares of common stock.
- Additionally, 234,000 shares are indirectly beneficially owned by the Rosenfeld 2021 Family Trust, though Mr. Rosenfeld disclaims beneficial ownership of these securities.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary tax-related stock disposition by the CEO following restricted stock vesting. This is a neutral event and does not reflect a change in management's sentiment towards the company's prospects.
Future Outlook
This filing is a routine insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This is a standard insider transaction report (Form 4) detailing a tax-related stock disposition by a company executive. It does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Compliance | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 12/01/2025 | Indicates adherence to insider trading compliance protocols, providing a pre-arranged framework for stock transactions by insiders. |
Related Party Transactions
- 234,000 shares are indirectly beneficially owned by the Rosenfeld 2021 Family Trust, though the reporting person disclaims beneficial ownership of these securities.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary tax-related transaction by an executive and does not signal a change in company fundamentals or management's view.
Key Dates
| Date | Description |
|---|---|
| 12/01/2025 | Date of transaction (shares withheld for tax obligations) |
| 12/02/2025 | Date the Form 4 was signed and filed |
Recommendation
holdThis Form 4 reports a routine tax-related stock disposition by the CEO following restricted stock vesting. This is a non-discretionary event and does not indicate a change in management's view of the company's prospects or fundamental performance. Therefore, it is not a signal for investment action, and a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Steven Madden, SHOO, Edward Rosenfeld, CEO, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock
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