Steven Madden (SHOO) EVP uses 94 shares to cover tax withholding

Rhea-AI Filing Summary

Steven Madden, Ltd. executive Lisa Keith reported a small insider transaction involving company stock. On March 1, 2026, 94 shares of common stock were disposed of at $36.10 per share as a tax-withholding disposition. According to the footnote, these shares were withheld to cover her tax obligations when 258 restricted shares vested. After this withholding, she directly holds 24,279 shares of Steven Madden common stock.

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

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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^*

Keith Lisa

(Last) (First) (Middle)

C/O STEVEN MADDEN, LTD.

52-16 BARNETT AVENUE

(Street)

LONG ISLAND CITY NY 11104

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen. Counsel, Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock par value $0.0001 per share	03/01/2026		F		94(1)	D	$36.1	24,279	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 258 shares of restricted common stock of Steven Madden, Ltd.

	/s/ Mike Lomenzo, Attorney-in-Fact for Lisa Keith	03/02/2026
	** 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).
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FAQ

What insider transaction did Steven Madden (SHOO) report for Lisa Keith?

Steven Madden reported that executive Lisa Keith had 94 common shares withheld to cover taxes upon vesting of 258 restricted shares. This tax-withholding disposition is an administrative event tied to equity compensation, not an open-market stock sale.

How many Steven Madden (SHOO) shares were disposed of in this Form 4?

The filing shows a disposition of 94 shares of Steven Madden common stock. These shares were withheld at $36.10 per share to satisfy tax obligations related to vesting restricted stock, rather than being sold in an open-market transaction.

Why were Lisa Keith’s Steven Madden (SHOO) shares disposed of?

The shares were disposed of to satisfy Lisa Keith’s tax obligations when 258 restricted common shares vested. The company withheld 94 shares, a standard practice in stock-based compensation, instead of requiring a separate cash payment for the related taxes.

What price per share was used for Lisa Keith’s SHOO tax-withholding disposition?

The disposition used a price of $36.10 per share for the 94 withheld shares. This value is reported in the Form 4 and serves as the basis for calculating the stock portion of her tax liability on the vesting award.

How many Steven Madden (SHOO) shares does Lisa Keith hold after this transaction?

After the tax-withholding disposition, Lisa Keith directly holds 24,279 shares of Steven Madden common stock. This post-transaction balance reflects her remaining equity stake following the withholding of 94 shares to cover the tax impact of vested restricted stock.

Was Lisa Keith’s Steven Madden (SHOO) transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 lists code F, indicating a tax-withholding disposition, where 94 shares were retained by the company to pay taxes on the vesting of 258 restricted shares awarded to Lisa Keith.