Keith Lisa 4

What Happened
Lisa Keith, EVP, General Counsel and Secretary of Steven Madden, Ltd. (SHOO), was granted 1,594 restricted shares on March 15, 2026 (award, code A) at $0.00. Separately, 143 shares were withheld (code F) to satisfy tax obligations at a per-share value of $31.37, totaling $4,486 (reported as a disposition for tax withholding).

Key Details

• Transaction dates: March 15, 2026 (reported on Form 4 filed March 16, 2026 — timely filing).
• Grant: 1,594 restricted shares granted at $0.00.
• Tax withholding: 143 shares withheld at $31.37/share = $4,486.
• Shares owned after the transactions: not specified in the filing.
• Footnote F1: The 1,594 restricted shares vest in substantially equal installments on March 15 of 2027, 2028, 2029, 2030 and 2031 and are subject to forfeiture until fully vested under the 2019 Incentive Compensation Plan.
• Footnote F2: The 143 shares withheld represent shares surrendered to satisfy tax obligations in connection with the vesting of 396 shares of restricted stock (as described in the filing).
• Transaction codes: A = award/grant; F = tax withholding.

Context
Restricted stock grants are compensatory and not purchases of company stock; they do not by themselves indicate buying or selling sentiment. Withholding of shares to cover taxes is routine when restricted shares vest.