Steven Madden (SHOO) director granted 2,964 restricted shares under 2019 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEVEN MADDEN, LTD. director Mitchell S. Klipper reported an acquisition of company stock as part of his compensation. He received a grant of 2,964 shares of common stock at no cash cost, increasing his direct holdings to 36,473 shares.
The shares are a restricted stock award granted under the Steven Madden, Ltd. 2019 Incentive Compensation Plan. This stock will vest and cease to be restricted on May 20, 2027, and remains subject to forfeiture until fully vested under the terms of the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KLIPPER MITCHELL S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 2,964 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 36,473 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 2,964 shares
Grant price: $0.00 per share
Holdings after grant: 36,473 shares
+1 more
4 metrics
Restricted stock grant
2,964 shares
Common Stock award on May 20, 2026
Grant price
$0.00 per share
Reported transaction price for restricted stock
Holdings after grant
36,473 shares
Total direct common stock holdings post-transaction
Vesting date
May 20, 2027
Date restricted stock will fully vest
Key Terms
restricted stock grant, 2019 Incentive Compensation Plan, vest, forfeiture
4 terms
restricted stock grant financial
"Reflects restricted stock grant made by Steven Madden, Ltd."
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
2019 Incentive Compensation Plan financial
"under the Steven Madden, Ltd. 2019 Incentive Compensation Plan (the "Plan")"
vest financial
"which stock will vest and cease to be restricted on May 20, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
forfeiture financial
"until fully vested will be subject to forfeiture pursuant to the terms of the Plan"
FAQ
What did Mitchell S. Klipper report in the latest SHOO Form 4 filing?
Mitchell S. Klipper reported receiving 2,964 shares of STEVEN MADDEN, LTD. common stock as a restricted stock grant. The award was made under the 2019 Incentive Compensation Plan and increased his direct holdings to 36,473 shares following the transaction.
Was the SHOO Form 4 transaction an open-market purchase or a stock grant?
The Form 4 for SHOO shows a stock grant, not an open-market purchase. Klipper received 2,964 restricted shares as a compensation award with a reported price of $0.00 per share under the company’s 2019 Incentive Compensation Plan.
What plan governed the restricted stock award reported in the SHOO Form 4?
The restricted stock award was granted under the Steven Madden, Ltd. 2019 Incentive Compensation Plan. The footnote explains that the 2,964 shares are subject to vesting and potential forfeiture based on the plan’s terms until May 20, 2027.