Form 4: Steven Madden Director Robert Garrett Smith Receives Stock Grant
SEC Form 4 Filing
Director Robert Garrett Smith received a grant of 2,906 shares of Steven Madden, Ltd. common stock on May 22, 2024.
Summary
- On May 22, 2024, Robert Garrett Smith, a director of Steven Madden, Ltd., acquired 2,906 shares of common stock.
- The acquisition was a grant under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
- The granted stock will vest on May 20, 2025, and is subject to forfeiture until fully vested.
- Following the transaction, Smith directly owns 15,324 shares of Steven Madden, Ltd. common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.
Positives
- The stock grant aligns the director's interests with those of the shareholders.
- The vesting period encourages long-term commitment from the director.
Industry Context
Stock grants to directors are a common practice to incentivize and align their interests with the company's long-term performance.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock grant to Robert Garrett Smith. |
| 05/20/2025 | Vesting date for the restricted stock. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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