Form 4: Steven Madden Executive Lisa Keith Reports Stock Transaction
SEC Filing
Lisa Keith, EVP, Gen. Counsel, and Secretary of Steven Madden, Ltd., reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 1, 2025, Lisa Keith, EVP, Gen. Counsel, and Secretary of Steven Madden, Ltd. (SHOO), disposed of 1,570 shares of common stock to cover tax obligations.
- The shares were sold at a price of $41.05 per share.
- Following the transaction, Lisa Keith directly owns 27,161 shares of Steven Madden, Ltd.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it's a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock transaction |
| 02/03/2025 | Date of signature on the Form 4 filing |
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