Form 4: Steven Madden CFO Zine Mazouzi Reports Stock Sale and Grant

Chief Financial Officer of Steven Madden, Zine Mazouzi, reports the sale of 7,246 shares of common stock and the acquisition of 6,005 shares through a restricted stock grant.

Summary

• On March 14, 2024, Zine Mazouzi, the Chief Financial Officer of Steven Madden, Ltd., sold 7,246 shares of common stock at a weighted average price of $41.6555.
• The sale was executed in multiple transactions with prices ranging from $41.435 to $42.08.
• On March 15, 2024, Mazouzi acquired 6,005 shares of restricted stock granted by Steven Madden, Ltd. under the 2019 Incentive Compensation Plan.
• The restricted stock will vest in substantially equal installments annually from March 15, 2025, to March 15, 2029, and is subject to forfeiture until fully vested.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document reports routine insider transactions (stock sale and grant) without indicating any significant positive or negative implications for the company.

Positives

• The grant of restricted stock to the CFO aligns his interests with the long-term performance of the company.

Future Outlook

The restricted stock grant vests over five years, suggesting a long-term commitment from the CFO.

Industry Context

Insider transactions are common and closely monitored, but this transaction appears routine.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the fashion and retail industry, aligning management incentives with shareholder value.
• Comparable companies like Tapestry (TPR) and Capri Holdings (CPRI) also utilize stock grants as part of their executive compensation plans.
• The vesting schedule of the restricted stock is fairly standard, with annual vesting over a multi-year period.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The restricted stock grant incentivizes the CFO to focus on long-term value creation, which benefits shareholders.

Key Dates