Form 4: Steven Madden President Sells Shares for Tax Liability

Amelia Varela, President and Director of Steven Madden, Ltd., disposed of 4,718 shares of common stock at $42.2 per share under a Rule 10b5-1 plan.

Summary

• Amelia Varela, President and Director of Steven Madden, Ltd. (SHOO), reported a transaction involving the company's common stock.
• On January 3, 2026, Varela disposed of 4,718 shares of common stock.
• The shares were disposed of at a price of $42.2 per share.
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
• Following this transaction, Varela directly beneficially owns 189,699 shares of Steven Madden, Ltd. common stock.
• The transaction code 'F' typically indicates a payment of exercise price or tax liability by delivering or withholding securities.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax liabilities, executed under a pre-arranged Rule 10b5-1 plan, and does not reflect a change in the reporting person's investment sentiment or the company's operational performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor dilution from the sale, but primarily a routine tax event. No significant impact on company strategy or operations.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an insider to cover tax liabilities, executed under a pre-arranged Rule 10b5-1 plan. Such transactions are generally not indicative of a change in the company's fundamental outlook or the insider's long-term confidence, thus a "hold" recommendation remains appropriate based solely on this filing.

Keywords

Steven Madden, SHOO, Amelia Varela, Insider Trading, Form 4, Stock Sale, Director, President, Common Stock, 10b5-1 Plan