Form 4: Steven Madden CEO Rosenfeld Reports Stock Transactions

Edward R. Rosenfeld, CEO of Steven Madden, Ltd., reports the withholding of shares to cover tax obligations and disclaims beneficial ownership of shares held in a family trust.

Summary

• On February 1, 2025, Edward R. Rosenfeld, the CEO of Steven Madden, Ltd., reported a transaction involving the company's common stock.
• 6,742 shares were withheld to satisfy tax obligations related to the vesting of 12,106 shares of restricted common stock.
• The price per share for the tax withholding was $41.05.
• Following the transaction, Rosenfeld directly owns 681,966 shares.
• Rosenfeld also reported indirect ownership of 234,000 shares held by the Rosenfeld 2021 Family Trust but disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the sentiment is neutral.

Management Comments

• The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations and does not represent a significant change in ownership.

Key Dates