Form 4: Steven Madden EVP Sells 2,500 Shares

Steven Madden, Ltd.'s EVP, General Counsel, and Secretary, Lisa Keith, sold 2,500 shares of common stock for approximately $42.05 per share.

Summary

• Lisa Keith, Executive Vice President, General Counsel, and Secretary of Steven Madden, Ltd. (SHOO), reported a sale of common stock.
• The transaction involved the disposition of 2,500 shares of SHOO common stock.
• The shares were sold on November 25, 2025, at a weighted average price of $42.0532 per share.
• The sales occurred in multiple transactions within a price range of $42.053 to $42.08 per share.
• Following this transaction, Lisa Keith beneficially owns 25,962 shares of Steven Madden, Ltd. common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered neutral in terms of market sentiment as it's not indicative of new fundamental information.

Negatives

• The sale of 2,500 shares by a key executive, while pre-scheduled under a 10b5-1 plan, represents a reduction in insider ownership.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• The sale of 2,500 shares by an executive is a minor transaction relative to the company's total outstanding shares and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Steven Madden, SHOO, Insider Sale, Form 4, Executive Stock Transaction, Lisa Keith, 10b5-1 Plan, Footwear Industry