Reed Arian Simone 4

What Happened
Reed Arian Simone, a director of Steven Madden, Ltd. (SHOO), reported two transactions on May 20, 2026: a sale of 648 shares at $39.97 each for total proceeds of $25,899, and a grant of 2,964 restricted shares (awarded at no cash cost). The restricted stock grant was made under the company’s 2019 Incentive Compensation Plan and will vest and cease to be restricted on May 20, 2027; until then it is subject to forfeiture under the plan. The sale was an open market or private sale (code S) and the award is reported as an acquisition/grant (code A).

Key Details

• Transaction dates: May 20, 2026 (both sale and grant). Filing date: May 21, 2026 (timely filed).
• Sale: 648 shares @ $39.97 = $25,899. Grant: 2,964 shares @ $0.00 (restricted stock award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Grant vests on May 20, 2027 and remains subject to forfeiture until fully vested (per the Steven Madden, Ltd. 2019 Incentive Compensation Plan).
• Transaction codes: S = sale; A = award/grant. No 10b5-1 or tax-withholding notation was provided in the excerpt.

Context
Restricted stock awards are compensation and do not require cash outlay by the recipient; they become freely tradeable only after vesting and any applicable forfeiture conditions lapse. Sales by directors can reflect many routine reasons (portfolio management, tax obligations, etc.); the filing itself is factual and does not indicate the director’s motives.