Ferrara Al 4

What Happened
Al Ferrara, a director of Steven Madden, Ltd. (SHOO), was granted 2,964 restricted shares on May 20, 2026. The Form 4 reports an acquisition price of $0.00 (award/grant). The shares will vest and cease to be restricted on May 20, 2027 and are subject to forfeiture until fully vested under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.

Key Details

• Transaction date: 2026-05-20 (reported on Form 4 filed 2026-05-21).
• Transaction type/code: Grant / Award (A).
• Shares granted: 2,964 at $0.00 (Form 4 shows $0 total).
• Vesting: May 20, 2027; subject to forfeiture per footnote F1.
• Shares owned after transaction: not specified in the provided filing data.
• Filing timeliness: Form 4 filed one day after the grant (appears timely under Section 16 reporting rules).

Context
This was a restricted stock grant as director compensation, not an open‑market purchase or sale. Restricted grants are common for board compensation and don’t necessarily signal immediate insider buying or selling sentiment; the reported $0.00 reflects the grant price on the Form 4, not the market value (economic value = shares × market price).