Director at Steven Madden (NASDAQ: SHOO) receives stock grant and sells shares

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

STEVEN MADDEN, LTD. director Reed Arian Simone reported a mix of equity compensation and share sales. On May 20, 2026, Simone received a grant of 2,964 shares of restricted common stock under the company’s 2019 Incentive Compensation Plan. These shares will vest and cease to be restricted on May 20, 2027, and remain subject to forfeiture until fully vested. The same day, Simone sold 648 shares of common stock in an open-market transaction at an average price of $39.9675 per share. After these transactions, Simone directly holds 8,057 shares of Steven Madden common stock.

Insider Trade Summary

Net Seller: 648 shares ($25,899)

Net Sell 2 txns

Insider Reed Arian Simone

Role null

Sold 648 shs ($26K)

Type	Security	Shares	Price	Value
Sale	Common Stock par value $0.0001 per share	648	$39.9675	$26K
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 — 8,057 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 2,964 shares Restricted stock vesting date: May 20, 2027 Shares sold: 648 shares +2 more

5 metrics

Restricted stock grant 2,964 shares Common stock granted May 20, 2026 under 2019 Incentive Compensation Plan

Restricted stock vesting date May 20, 2027 Grant vests and ceases to be restricted on this date

Shares sold 648 shares Open-market sale of common stock on May 20, 2026

Sale price $39.9675 per share Average price for 648 shares sold on May 20, 2026

Shares owned after transactions 8,057 shares Direct common stock holdings following the reported transactions

Key Terms

restricted stock grant, 2019 Incentive Compensation Plan, vest, subject to forfeiture, +1 more

5 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.

subject to forfeiture financial

"until fully vested will be subject to forfeiture pursuant to the terms of the Plan"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 04:53 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reed Arian Simone

(Last)

(First)

(Middle)

C/O STEVEN MADDEN, LTD.

52-16 BARNETT AVENUE

(Street)

LONG ISLAND CITY

NEW YORK

11104

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STEVEN MADDEN, LTD. [ SHOO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock par value $0.0001 per share	05/20/2026		S		648	D	$39.9675	8,057	D
Common Stock par value $0.0001 per share	05/20/2026		A		2,964⁽¹⁾	A	$0	11,021	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

	/s/ Mike Lomenzo, Attorney-in-Fact for Arian Simone Reed	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Reed Arian Simone report for STEVEN MADDEN, LTD. (SHOO)?

Reed Arian Simone reported receiving 2,964 shares of restricted common stock as a grant and selling 648 common shares in an open-market transaction at $39.9675 per share, leaving direct ownership of 8,057 shares after these Form 4-reported transactions.

How many Steven Madden (SHOO) shares did Reed Arian Simone sell and at what price?

Simone sold 648 shares of Steven Madden common stock in an open-market trade at an average price of $39.9675 per share. This sale occurred on May 20, 2026, alongside a separate restricted stock grant reported in the same Form 4 filing.

What restricted stock grant did Reed Arian Simone receive from STEVEN MADDEN, LTD.?

Simone received a grant of 2,964 shares of restricted common stock from Steven Madden under its 2019 Incentive Compensation Plan. The shares were granted on May 20, 2026, at no purchase price, as part of equity-based compensation reported on Form 4.

When will Reed Arian Simone’s restricted Steven Madden (SHOO) shares vest?

The 2,964 restricted shares granted to Simone will vest and cease to be restricted on May 20, 2027. Until that vesting date, the shares remain subject to forfeiture under the terms of Steven Madden’s 2019 Incentive Compensation Plan.

How many Steven Madden (SHOO) shares does Reed Arian Simone own after the reported transactions?

After the May 20, 2026 grant and sale, Simone directly holds 8,057 shares of Steven Madden common stock. This figure reflects the net position disclosed in the Form 4 following receipt of 2,964 restricted shares and the sale of 648 shares.

Under which plan was Reed Arian Simone’s Steven Madden restricted stock grant issued?

The 2,964-share restricted stock grant to Simone was issued under Steven Madden, Ltd.’s 2019 Incentive Compensation Plan. That plan governs vesting, forfeiture, and other terms for equity awards, including the one vesting on May 20, 2027.