Form 4: Steven Madden Director Receives Restricted Stock Grant

Director Peter Allan Davis of Steven Madden, Ltd. was granted 2,964 shares of restricted stock under the company's incentive plan.

Summary

• Peter Allan Davis, a Director at Steven Madden, Ltd., received a grant of 2,964 shares of common stock on May 20, 2026.
• This grant is part of the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
• The restricted stock will vest and cease to be restricted on May 20, 2027.
• Until fully vested, the shares are subject to forfeiture according to the plan's terms.
• Following the transaction, Mr. Davis beneficially owns 8,681 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing standard director compensation practices rather than significant financial performance or strategic shifts.

Positives

• Director compensation through restricted stock aligns management interests with long-term shareholder value.
• The grant indicates continued investment in key personnel and leadership.
• The vesting schedule encourages retention and performance over the next year.

Negatives

• The shares are subject to forfeiture until fully vested, indicating potential conditions for ownership.
• No immediate financial benefit is realized by the director until vesting occurs.

Risks

• The forfeiture clause presents a risk to the director's ownership if vesting conditions are not met.
• Potential for future dilution if the incentive plan involves significant share issuance.

Future Outlook

The restricted stock grant is subject to vesting on May 20, 2027, after which it will no longer be restricted and will not be subject to forfeiture.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common form of executive and director compensation in the retail sector, designed to incentivize long-term performance and retention.

Stakeholder Impact

• Shareholders: The grant is a standard compensation practice and does not immediately impact share count or value, but aligns director interests with long-term company performance.
• Employees: The incentive plan may set a precedent for employee compensation structures.
• Management: The director receives equity compensation, aligning their interests with shareholders.

Next Steps

• The restricted stock will vest on May 20, 2027.
• The director will continue to hold 8,681 shares of common stock following the grant.

Key Dates

Keywords

Steven Madden, SHOO, Form 4, Restricted Stock, Incentive Compensation Plan, Director, Beneficial Ownership, Securities Exchange Act