Rosenfeld Edward R. 4

What Happened

• Edward R. Rosenfeld, CEO of Steven Madden, had shares withheld to satisfy tax obligations in connection with the vesting of restricted stock. Two dispositions were reported on 2026-02-28: 9,033 shares withheld at $36.10 each for $326,091, and 12,928 shares withheld at $36.10 each for $466,701 — a combined 21,961 shares and ~$792,792.
• These transactions are recorded as tax-withholding dispositions (code F), not open-market sales driven by a decision to liquidate other holdings.

Key Details

• Transaction date: 2026-02-28; Filing date: 2026-03-02 (timely under Section 16 reporting rules).
• Prices and amounts: 9,033 shares @ $36.10 = $326,091; 12,928 shares @ $36.10 = $466,701; total 21,961 shares = $792,792.
• Footnotes: F1 = shares withheld related to vesting of 16,334 restricted shares; F2 = shares withheld related to vesting of 26,878 restricted shares. F3 states the reporting person disclaims beneficial ownership of these securities.
• Shares owned after the transactions are not specified in the provided filing details.

Context

• This was a routine tax-withholding event tied to restricted stock vesting (often called "sell-to-cover"), where a portion of vested shares is withheld to pay taxes. Such transactions are standard and do not necessarily signal executive sentiment about the stock.
• The filing is timely and factual; no 10b5-1 plan, gift, or open-market purchase is indicated.