Form 4: Steven Madden EVP Lisa Keith Reports Acquisition of 1,976 Shares of Common Stock

Lisa Keith, EVP, General Counsel, and Secretary of Steven Madden, Ltd., reported acquiring 1,976 shares of common stock on March 14, 2025, through a restricted stock grant.

Summary

• Lisa Keith, an executive at Steven Madden, Ltd., filed a Form 4 indicating a change in beneficial ownership.
• On March 14, 2025, Ms. Keith acquired 1,976 shares of Steven Madden, Ltd. common stock.
• This acquisition was a result of a restricted stock grant under the company's 2019 Incentive Compensation Plan.
• The shares will vest in equal installments annually from March 15, 2026, to March 15, 2030.
• Prior to this transaction, Ms. Keith beneficially owned 29,043 shares.
• The transaction was reported on March 18, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The restricted stock grant aligns Ms. Keith's interests with the long-term performance of Steven Madden, Ltd.

Future Outlook

The restricted stock grant is part of the Steven Madden, Ltd. 2019 Incentive Compensation Plan, suggesting continued use of equity-based compensation.

Industry Context

Equity compensation is a common practice in the fashion and retail industry to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Many publicly traded companies, including competitors like Deckers Outdoor Corporation (DECK) and Crocs, Inc. (CROX), utilize similar equity-based compensation plans for their executives.
• The vesting schedule of the restricted stock is typical, with annual vesting over a period of several years, similar to grants at companies like Nike (NKE) and Adidas (ADS.DE).

Stakeholder Impact

• The stock grant could have a slightly dilutive effect on existing shareholders, but it also incentivizes the executive to improve company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Lisa Keith, Steven Madden, SHOO, Restricted Stock, Incentive Compensation Plan