Rosenfeld Edward R. 4
4 · STEVEN MADDEN, LTD. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Steven Madden (SHOO) CEO Edward Rosenfeld Withholds Shares for Taxes
What Happened
- Edward R. Rosenfeld, CEO of Steven Madden, Ltd. (SHOO), had 23,713 shares withheld on March 1, 2026 to satisfy tax obligations tied to the vesting of restricted common stock. The filing shows three withholding transactions: 5,594 shares at $36.10 ($201,943), 8,554 shares at $36.10 ($308,799), and 9,565 shares at $36.10 ($345,297), totaling $856,039. These were tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction date: 2026-03-01; Form 4 filed: 2026-03-02 (timely; within required reporting window).
- Price reported: $36.10 per share for each withholding; total shares withheld = 23,713; total value ≈ $856,039.
- Underlying vested shares: withholding related to vesting of 10,114; 15,468; and 17,296 restricted shares (total vested 42,878). Net shares remaining from those grants after withholding ≈ 19,165.
- Transaction code: F — shares withheld to satisfy tax obligations on vesting (not a purchase or open-market sale).
- Footnote: the reporting person disclaims beneficial ownership of these securities as noted in the filing (standard disclosure).
Context
- This is a routine "sell-to-cover" or withholding to pay taxes on vested restricted stock rather than a discretionary sale; such transactions are administrative and common after vesting. They do not necessarily reflect a CEO’s view on the company’s stock.
Insider Transaction Report
Form 4
Rosenfeld Edward R.
Chief Executive Officer
Transactions
- Tax Payment
Common Stock par value $0.0001 per share
[F1]2026-03-01$36.10/sh−5,594$201,943→ 733,065 total - Tax Payment
Common Stock par value $0.0001 per share
[F2]2026-03-01$36.10/sh−8,554$308,799→ 724,511 total - Tax Payment
Common Stock par value $0.0001 per share
[F3]2026-03-01$36.10/sh−9,565$345,297→ 714,946 total
Holdings
- 234,000(indirect: By Trust)
Common Stock par value $0.0001 per share
[F4]
Footnotes (4)
- [F1]Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 10,114 shares of restricted common stock of Steven Madden, Ltd.
- [F2]Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 15,468 shares of restricted common stock of Steven Madden, Ltd.
- [F3]Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 17,296 shares of restricted common stock of Steven Madden, Ltd.
- [F4]The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes.
Signature
/s/ Mike Lomenzo, Attorney-in-Fact for Edward R. Rosenfeld|2026-03-02