Rosenfeld Edward R. 4

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.