Mazouzi Zine 4

What Happened
Mazouzi Zine, Chief Financial Officer of Steven Madden, Ltd. (SHOO), had a total of 1,783 shares withheld on March 1, 2026 to satisfy tax obligations related to the vesting of restricted common stock. The withheld shares were reported as dispositions at $36.10 per share for total proceeds (value) of $64,367. These were tax-withholdings tied to vesting (Form 4 code F), not open-market sales.

Key Details

• Transaction date: 2026-03-01 (reported on Form 4 filed 2026-03-02). Filing appears timely (filed one day after the transaction date).
• Individual withholdings reported:
  • 365 shares @ $36.10 = $13,177
  • 465 shares @ $36.10 = $16,787
  • 520 shares @ $36.10 = $18,772
  • 433 shares @ $36.10 = $15,631
• Total withheld: 1,783 shares for ~$64,367.
• Footnotes: F1–F4 indicate these withholdings satisfied tax obligations tied to the vesting of 1,011; 1,289; 1,441; and 1,201 restricted shares, respectively (total vested = 4,942 shares, with 1,783 withheld).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction code F denotes shares withheld to cover tax withholding on vested restricted stock (a routine administrative disposition).

Context
This is a routine tax-withholding event associated with restricted stock vesting, not an open-market sale or a purchase. Such withholdings are common and generally reflect payroll/tax treatment rather than a change in the insider's sentiment about the stock. Purchases or open-market sales typically carry more weight for assessing insider confidence.