Sachdev Ravi 4

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.