Form 4: Steven Madden Executive Lisa Keith Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Lisa Keith, EVP, Gen. Counsel, and Secretary of Steven Madden, Ltd., disposed of 93 shares of common stock on March 1, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 1, 2024, Lisa Keith, an executive at Steven Madden, Ltd., disposed of 93 shares of common stock.
- The transaction was executed to satisfy tax obligations associated with the vesting of 258 shares of restricted common stock.
- The price per share was $42.71.
- Following the transaction, Lisa Keith beneficially owns 23,087 shares of Steven Madden, Ltd.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This particular filing reflects a common practice of executives selling shares to cover tax obligations arising from the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal transaction |
| 03/04/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.