Steven Madden Ltd. has entered into a new employment agreement with President Amelia Newton Varela, effective January 1, 2026, and running through December 31, 2028. Under the agreement, Varela will receive an annual performance-based cash bonus tied to the company’s EBIT, with the potential to earn 30% of her salary at the threshold level, 50% at the target, and up to 80% at the maximum. Additionally, she will be granted restricted common stock vesting 25% per year over four years, starting January 2, 2027. If terminated without cause, Varela is entitled to salary continuation and, in certain circumstances related to a change of control, a cash payment up to two and a half times her salary plus the average bonus from the prior three years, subject to IRS limits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steven Madden Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-001108), on January 09, 2026, and is solely responsible for the information contained therein.