Form 4: Steven Madden CFO Zine Mazouzi Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zine Mazouzi, CFO of Steven Madden, Ltd., sold 361 shares of common stock on August 2, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On August 2, 2024, Zine Mazouzi, the Chief Financial Officer of Steven Madden, Ltd. (SHOO), disposed of 361 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of 1,000 shares of restricted common stock.
- The sale price was $41.61 per share.
- Following the transaction, Mazouzi directly owns 74,429 shares of Steven Madden, Ltd.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/02/2024 | Date of the stock transaction (sale of 361 shares). |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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