Form 4: Steven Madden CFO Sells Shares to Cover Tax Obligations

Steven Madden's Chief Financial Officer, Zine Mazouzi, sold shares to cover tax obligations related to the vesting of restricted stock.

Summary

• Zine Mazouzi, the Chief Financial Officer of Steven Madden, Ltd., sold a total of 4,161 shares of common stock.
• These sales were executed on January 2, 2025, and January 4, 2025, at prices of $41.96 and $41.91 per share, respectively.
• The sales were made to cover tax obligations arising from the vesting of restricted stock.
• After these transactions, Mazouzi directly owns 69,896 shares of Steven Madden common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with restricted stock units.
• Companies like Nike (NKE) and Crocs (CROX) also see similar filings from their executives when stock options or restricted stock vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine sales to cover tax obligations.

Key Dates

Keywords

Steven Madden, SHOO, insider trading, Form 4, Zine Mazouzi, CFO, stock sale, tax obligations, restricted stock