Steve Madden (NASDAQ: SHOO) CEO awarded new restricted stock grant
Rhea-AI Filing Summary
Rosenfeld Edward R. reported acquisition or exercise transactions in this Form 4 filing.
Steven Madden, Ltd. reported that Chief Executive Officer Edward R. Rosenfeld received a grant of 108,384 shares of restricted common stock on March 15, 2026 under the company’s 2019 Incentive Compensation Plan. The shares were granted at $0.0000 per share as equity compensation, not as an open-market purchase.
The restricted stock will vest in substantially equal installments on March 15 of each year from 2027 through 2031, and will be subject to forfeiture until fully vested under the plan’s terms. Following this award, Rosenfeld directly holds 823,330 common shares.
The filing also shows 234,000 common shares held indirectly by the Rosenfeld 2021 Family Trust. A footnote states Rosenfeld disclaims beneficial ownership of these trust-held securities, meaning they are associated with him but he does not admit beneficial ownership for Section 16 or other purposes.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock par value $0.0001 per share | 108,384 | $0.00 | -- |
| holding | Common Stock par value $0.0001 per share | -- | -- | -- |
Footnotes (1)
- Reflects restricted stock grant made by Steven Madden, Ltd. (the "Company") to the reporting person on March 15, 2026 under the Steven Madden, Ltd. 2019 Incentive Compensation Plan (the "Plan"), which stock will vest and cease to be restricted in substantially equal installments on March 15, 2027, March 15, 2028, March 15, 2029, March 15, 2030 and March 15, 2031, and until fully vested will be subject to forfeiture pursuant to the terms of the Plan. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes.