Form 4: Steven Madden Ltd. Director Ravi Sachdev Receives Stock Grant

Director Ravi Sachdev receives 2,906 shares of restricted stock from Steven Madden, Ltd. under the 2019 Incentive Compensation Plan.

Summary

• On May 22, 2024, Ravi Sachdev, a director of Steven Madden, Ltd., was granted 2,906 shares of common stock.
• The grant was made under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
• These shares are restricted and will vest on May 20, 2025.
• Until fully vested, the shares are subject to forfeiture according to the plan's terms.
• Following this transaction, Sachdev directly owns 79,229 shares of Steven Madden, Ltd. common stock.

Sentiment

Score: 7

Explanation: Routine stock grant to a director, indicating confidence in the company's future. It's a standard practice, so the sentiment is moderately positive.

Positives

• The stock grant aligns the director's interests with the company's performance through the vesting schedule.

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 slightly positive impact on shareholder sentiment as it aligns director interests with company performance.

Key Dates