Form 4: Steven Madden President Amelia Varela Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Amelia Varela, President of Steven Madden, Ltd., disposed of 4,760 shares of common stock on March 1, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 1, 2024, Amelia Varela, President of Steven Madden, Ltd., disposed of 4,760 shares of common stock.
- The transaction was executed at a price of $42.71 per share.
- The shares were withheld to satisfy tax obligations related to the vesting of 9,319 shares of restricted common stock.
- Following the transaction, Varela directly owns 206,330 shares of Steven Madden, Ltd.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations and may not reflect a change in the executive's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal transaction. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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