Form 4: Steven Madden CFO Sells Shares for Tax Obligations

Steven Madden CFO Zine Mazouzi disposed of shares to cover tax withholding obligations related to equity awards.

Summary

• Zine Mazouzi, Chief Financial Officer of Steven Madden, Ltd. (SHOO), reported two dispositions of common stock.
• On January 2, 2026, 1,933 shares were disposed of at a price of $42.2 per share.
• On January 4, 2026, an additional 2,102 shares were disposed of at a price of $42.2 per share.
• These transactions, totaling 4,035 shares, were made to satisfy tax withholding obligations, as indicated by the transaction code 'F'.
• Following these transactions, Zine Mazouzi beneficially owns 60,449 shares of Steven Madden, Ltd. common stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: Neutral, as this is a routine tax-related disposition of shares by an insider, typically non-discretionary and pre-scheduled under a Rule 10b5-1 plan.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction for tax withholding purposes, common across all industries for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Key Dates

Keywords

Steven Madden, SHOO, Form 4, Insider Transaction, CFO, Stock Sale, Tax Withholding, Rule 10b5-1