Steven Madden CEO reports tax-withholding share disposals

Accepted by SEC EDGAR 03/02/2026 - 04:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

STEVEN MADDEN, LTD. Chief Executive Officer Edward R. Rosenfeld reported routine share dispositions tied to tax withholding rather than open-market selling. On February 28, 2026, he delivered 9,033 and 12,928 shares of common stock at $36.10 per share to cover tax obligations from the vesting of 16,334 and 26,878 restricted shares, respectively. After these transactions, he held 751,587 and then 738,659 shares directly. The filing also notes 234,000 shares held indirectly by the Rosenfeld 2021 Family Trust, for which he disclaims beneficial ownership.

Insider Trade Summary

Exercise Price or Tax Liability: 21,961 shares

Exercise Price or Tax Liability 2 txns

Insider Rosenfeld Edward R.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock par value $0.0001 per share	9,033	$36.10	$326K
Exercise Price or Tax Liability	Common Stock par value $0.0001 per share	12,928	$36.10	$467K
Holding	Common Stock par value $0.0001 per share	--	--	--

Holdings After Transaction: Common Stock par value $0.0001 per share — 738,659 shares (Direct); Common Stock par value $0.0001 per share — 234,000 shares (Indirect, By Rosenfeld 2021 Family Trust)

Holdings Before and After: Common Stock par value $0.0001 per share, 760,620 to 738,659 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 16,334 shares of restricted common stock of Steven Madden, Ltd.
2. F2. Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 26,878 shares of restricted common stock of Steven Madden, Ltd.
3. F3. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SHOO CEO Edward Rosenfeld report on this Form 4?

Edward Rosenfeld reported two dispositions of Steven Madden common stock used for tax withholding, not open-market sales. He delivered 9,033 and 12,928 shares at $36.10 per share to satisfy tax obligations arising from vesting restricted stock awards.

Were Edward Rosenfeld’s SHOO stock transactions open-market sales?

No, the transactions were not open-market sales. They were coded “F” and described as shares withheld to pay tax liabilities connected to vesting of restricted stock, meaning shares were delivered back to the company rather than sold on the open market.

How many Steven Madden shares does Edward Rosenfeld hold directly after these transactions?

After the tax-withholding dispositions, Edward Rosenfeld’s direct ownership changed from 751,587 to 738,659 shares of Steven Madden common stock. These figures reflect his remaining direct holdings following delivery of shares to satisfy his associated tax obligations.

What restricted stock vestings triggered the SHOO tax-withholding dispositions?

The dispositions were tied to vesting of 16,334 and 26,878 shares of restricted common stock. Shares were withheld to cover Rosenfeld’s tax obligations arising from these vestings, as described explicitly in the accompanying Form 4 footnotes.

What is the role of the Rosenfeld 2021 Family Trust in SHOO share ownership?

The Form 4 shows 234,000 Steven Madden shares held indirectly through the Rosenfeld 2021 Family Trust. The filing states that Rosenfeld disclaims beneficial ownership of these securities, indicating they are attributed to the trust rather than to him personally for ownership purposes.

At what price were the SHOO shares used for tax withholding valued?

The shares delivered for tax withholding were valued at $36.10 per share. Both dispositions, totaling 9,033 and 12,928 shares, used this same price to satisfy Rosenfeld’s tax obligations arising from restricted stock vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Rosenfeld Edward R.

(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)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		F		9,033(1)	D	$36.1	751,587	D
Common Stock par value $0.0001 per share	02/28/2026		F		12,928(2)	D	$36.1	738,659	D
Common Stock par value $0.0001 per share								234,000(3)	I	By Rosenfeld 2021 Family Trust

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 16,334 shares of restricted common stock of Steven Madden, Ltd.

2. Represents shares withheld to satisfy the reporting person's tax obligations in connection with the vesting of 26,878 shares of restricted common stock of Steven Madden, Ltd.

3. 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.

	/s/ Mike Lomenzo, Attorney-in-Fact for Edward R. Rosenfeld	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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