Form 4: Steven Madden President Amelia Varela Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Amelia Varela, President of Steven Madden, Ltd., sold 5,374 shares of common stock on March 1, 2025, to cover tax obligations related to vesting restricted stock.
Summary
- On March 1, 2025, Amelia Varela, President of Steven Madden, Ltd., disposed of 5,374 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of 10,520 shares of restricted common stock.
- The sale price was $32.79 per share.
- Following the transaction, Varela directly owns 199,536 shares of Steven Madden, Ltd.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock are a common practice among corporate executives and directors. These transactions are publicly disclosed through SEC filings like Form 4.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Sale of common stock. |
| 03/03/2025 | Date of signature on the Form 4. |
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.