Steven Madden enters new 3-year CEO employment agreement with Rosenfeld; base salary set at $1.08M-$1.17M

STEVEN MADDEN, LTD.

Term runs Dec 31, 2021 through Dec 31, 2024; base salary $1,083,538 (2022), $1,126,879 (2023), $1,171,954 (2024).
Restricted stock grant on Dec 31, 2021: target value $3.5M, vesting 20% annually over 5 years starting Dec 1, 2022.
Additional restricted stock grant on Feb 1, 2022: target value $2.5M, vesting 20% annually over 5 years starting Feb 1, 2023.
Change-of-control severance: 2.5x (base salary + average 3-year cash bonus) payable within 10 days.
Non-compete extends 6 months post-termination (6 months for cause/voluntary quit) within U.S. for footwear/apparel/fashion products.

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