Sachdev Ravi 4
4 · STEVEN MADDEN, LTD. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Steven Madden (SHOO) Director Ravi Sachdev Receives Award
What Happened
Ravi Sachdev, a director of Steven Madden, Ltd. (SHOO), received a grant of 2,964 restricted common shares on May 20, 2026. The shares were granted at $0.00 per share (no cash exchanged) under the Steven Madden, Ltd. 2019 Incentive Compensation Plan.
Key Details
- Transaction type/code: Award/Grant (A).
- Transaction date: 2026-05-20; Form 4 filed 2026-05-21.
- Shares granted: 2,964 restricted shares; reported acquisition price $0.00 (total $0 reported).
- Vesting/conditions: These shares vest and cease to be restricted on May 20, 2027 and are subject to forfeiture until vested (per footnote).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Filed the day after the transaction (not indicated as late).
Context
This was a restricted stock award (compensation), not an open-market purchase or sale. Restricted grants to directors are common as part of annual compensation and do not provide immediate liquidity — the shares remain subject to forfeiture until the stated vesting date. Such awards are routine and not a direct market signal of insider buying or selling.
Insider Transaction Report
- Award
Common Stock, par value $0.0001 per share
[F1]2026-05-20+2,964→ 87,053 total
Footnotes (1)
- [F1]Reflects restricted stock grant made by Steven Madden, Ltd. (the "Company") to the reporting person on May 20, 2026 under the Steven Madden, Ltd. 2019 Incentive Compensation Plan (the "Plan"), which stock will vest and cease to be restricted on May 20, 2027 and until fully vested will be subject to forfeiture pursuant to the terms of the Plan.