STEVEN MADDEN, LTD.·4

Mar 16, 5:15 PM ET

VARELA AMELIA 4

Research Summary

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Steven Madden (SHOO) President Amelia Varela Receives Restricted Shares

What Happened Amelia Varela, President and Director of Steven Madden, Ltd. (SHOO), was granted 7,969 restricted shares on March 15, 2026 (transaction code A). On the same date, 1,010 shares were withheld/disposed (transaction code F) to satisfy tax obligations at $31.37 per share, producing proceeds of $31,684. The restricted shares will vest in substantially equal installments on March 15 of 2027, 2028, 2029, 2030 and 2031 and remain subject to forfeiture until vested.

Key Details

  • Transaction dates: March 15, 2026 (grant and tax withholding).
  • Grant: 7,969 restricted shares (price reported as $0 — award/compensation).
  • Withholding: 1,010 shares withheld at $31.37/share = $31,684 (disposition for tax withholding).
  • Footnotes: F1 describes the five-year vesting schedule (2027–2031). F2 states the withheld shares relate to tax obligations in connection with the vesting of 1,977 shares.
  • Shares owned after the transaction: not specified in the filing.
  • Filing timeliness: Report filed March 16, 2026 for transactions on March 15, 2026 (appears timely).

Context This filing documents a standard restricted stock award and associated tax withholding (share surrender), not an open-market sale. Tax-withholding dispositions are routine for vested awards and do not necessarily indicate any change in insider sentiment.