Form 4: Steven Madden President Amelia Varela Sells Shares to Cover Tax Obligations

Amelia Varela, President of Steven Madden, Ltd., sold shares to cover tax obligations related to the vesting of restricted stock.

Summary

• Amelia Varela, President of Steven Madden, Ltd., has reported the sale of company stock.
• The sales were executed on January 2, 2025, and January 3, 2025.
• These transactions were to cover tax obligations related to the vesting of restricted stock.
• On January 2, 2025, 2,935 shares were sold at a price of $41.96 per share.
• On January 3, 2025, 4,490 shares were sold at a price of $41.91 per share.
• Following these transactions, Ms. Varela directly owns 204,910 shares of Steven Madden, Ltd.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock as part of their compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The sale of shares by Ms. Varela is consistent with standard practices for executives receiving stock-based compensation.
• Similar transactions are regularly reported by executives at comparable companies in the fashion and retail industry.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are routine transactions.
• The sales do not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Steven Madden, Amelia Varela, stock sale, insider trading, restricted stock, tax obligations, SHOO