Davis Peter Allan 4

What Happened Davis Peter Allan, a director of Steven Madden, Ltd. (SHOO), was granted 2,964 restricted shares on May 20, 2026. The grant is reported as an award (transaction code A) with a reported acquisition price of $0.00 on the Form 4 — this reflects a compensation grant, not an open‑market purchase. The shares will vest and cease to be restricted on May 20, 2027 and are subject to forfeiture until then per the plan.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
• Transaction type/code: Award (A); shares granted: 2,964; reported price: $0.00 (compensation grant).
• Vesting/conditions: Vesting date 2027-05-20; subject to forfeiture until fully vested (see footnote F1).
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax withholding, or sale reported in this filing.

Context Restricted stock awards are a form of compensation for directors and typically vest after a set period; they do not represent an immediate buy or sell by the insider. Such grants signal compensation expense and align directors with shareholder interests over the vesting term but should not be interpreted alone as a bullish or bearish market signal.