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

Steven Madden's Chief Financial Officer, Zine Mazouzi, sold 372 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Zine Mazouzi, the Chief Financial Officer of Steven Madden, Ltd., sold 372 shares of the company's common stock on November 29, 2024.
• The sale was executed at a price of $45.58 per share.
• This transaction was to cover tax obligations arising from the vesting of 1,030 shares of restricted common stock.
• Following the transaction, Mazouzi directly owns 74,057 shares of Steven Madden stock.

Sentiment

Score: 5

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

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.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

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