Karla Frieders, Chief Merchandising Officer of Steven Madden, Ltd. (NASDAQ:SHOO), recently sold a significant number of shares of the company. (NASDAQ:SHOO), recently sold a significant number of shares of the company. On June 3, 2024, Frieders sold 10,000 shares at a weighted average price of $44.9052, for a total transaction value of approximately $449,052. The sales were made in multiple transactions with prices ranging from $44.80 to $45.05.
This sale follows a transaction that occurred on June 1, in which the shares were retained to satisfy tax obligations related to the vesting of restricted stock. In this transaction, 2,176 shares were retained at a price of $44.45 per share, for a total of $96,723. Note that these shares were not sold in the market, but were used to cover the tax liability associated with the vesting of the restricted stock, as noted in the footnotes of the SEC document.
After these transactions, Frieders’ direct ownership in the company is 86,658 shares of common stock. The executive’s recent sales are part of routine disclosures that company insiders are required to make when trading their company’s stock.
Investors often track these insider transactions to understand management sentiment on the company’s prospects. However, these transactions may be influenced by a variety of personal financial considerations and do not necessarily indicate a change in the company’s performance or future prospects.
Steven Madden, Ltd. is known for its fashionable footwear and accessories and continues to be a major player in the industry through its portfolio of diverse brands. The company’s shares are listed on the NASDAQ and offer investors the opportunity to participate in the company’s financial journey.
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