Form 4: Steven Madden CFO Zine Mazouzi Receives Stock Grant

Steven Madden's Chief Financial Officer, Zine Mazouzi, reported a restricted stock grant and shares withheld for tax obligations.

Summary

• Zine Mazouzi, Chief Financial Officer of Steven Madden, Ltd., reported transactions on March 15, 2026.
• Mazouzi received a restricted stock grant of 7,969 shares of common stock with a par value of $0.0001 per share.
• 713 shares were disposed of (withheld) to satisfy tax obligations in connection with the vesting of 1,977 shares of restricted common stock.
• The shares withheld for tax purposes were valued at $31.37 per share.
• Following these transactions, Mazouzi beneficially owns 65,922 shares of common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting ongoing executive incentive alignment and a standard compensation practice, with no negative operational implications.

Positives

• CFO Zine Mazouzi received a restricted stock grant of 7,969 shares, aligning management's long-term interests with shareholders.
• The grant is made under the Steven Madden, Ltd. 2019 Incentive Compensation Plan, indicating an ongoing executive incentive program.

Negatives

• 713 shares were disposed of to satisfy tax obligations, which is a routine event but represents a reduction in direct ownership.

Risks

• The restricted stock grant is subject to forfeiture until fully vested, linking compensation to continued employment and company performance over several years.

Future Outlook

The restricted stock grant will vest in substantially equal installments annually from March 15, 2027, through March 15, 2031, indicating a long-term incentive structure for the CFO.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through restricted stock grants with multi-year vesting, is a common practice in the retail and fashion industry to align executive incentives with long-term shareholder value. This grant to Steven Madden's CFO is consistent with typical compensation strategies seen across publicly traded companies in the sector, such as Capri Holdings (CPRI) or Tapestry (TPR), which also utilize equity-based incentives.

Comparison to Industry Standards

• The use of restricted stock grants with multi-year vesting schedules is a standard practice for executive compensation across industries, including fashion and retail, aligning executive interests with long-term company performance.
• The withholding of shares for tax obligations upon vesting is also a routine and expected event for equity compensation, comparable to practices at companies like Nike (NKE) or Lululemon (LULU) when their executives' restricted stock units vest.

Stakeholder Impact

• Shareholders: The restricted stock grant aligns the CFO's long-term interests with shareholder value creation, as the value of the grant is tied to the company's stock performance.
• Employees: The grant is part of an incentive compensation plan, which can positively influence overall employee morale and retention if similar plans are available to other key personnel.

Next Steps

• Future vesting of the restricted stock grant will occur in substantially equal installments on March 15, 2027, March 15, 2028, March 15, 2029, March 15, 2030, and March 15, 2031.

Key Dates

Recommendation

This Form 4 filing reports routine executive compensation activity (restricted stock grant and tax withholding upon vesting). It does not provide new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. It simply reflects standard insider transaction reporting.

Keywords

Steven Madden, SHOO, Form 4, Insider Trading, Restricted Stock, Stock Grant, CFO, Zine Mazouzi, Executive Compensation, Beneficial Ownership