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Steven Madden Signs New Three-Year President Employment Agreement

Story Highlights
  • Steven Madden renewed President Amelia Varela’s contract through 2028 with higher salary and stock grants.
  • The agreement strengthens retention and incentive structures via EBIT-based bonuses and change-of-control severance terms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Steven Madden Signs New Three-Year President Employment Agreement

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An announcement from Steven Madden ( (SHOO) ) is now available.

On January 6, 2026, Steven Madden, Ltd. entered into a new three-year employment agreement with President Amelia Newton Varela, effective January 1, 2026 through December 31, 2028, replacing her prior contract that expired on December 31, 2025. The agreement sets escalating annual base salaries of $825,000 for 2026, $850,000 for 2027, and $875,000 for 2028, a monthly automobile allowance, a grant of restricted stock vesting over four years starting in January 2027, and eligibility for an annual performance-based cash bonus tied to EBIT, with payouts ranging from 30% to 80% of salary depending on performance. The contract also details severance protections, including salary continuation if terminated without cause and enhanced cash benefits in connection with a qualifying change of control, underscoring the company’s intent to retain key leadership and align executive incentives with shareholder and earnings performance.

The most recent analyst rating on (SHOO) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.

Spark’s Take on SHOO Stock

According to Spark, TipRanks’ AI Analyst, SHOO is a Neutral.

Steven Madden’s stock score reflects a stable financial position with moderate growth prospects. Strong technical momentum and positive direct-to-consumer performance are offset by valuation concerns and tariff-related challenges impacting wholesale revenue.

To see Spark’s full report on SHOO stock, click here.

More about Steven Madden

Steven Madden, Ltd. is a footwear and accessories company that designs, sources, and markets fashion-forward shoes, handbags, and related products, with a focus on style-conscious consumers in the U.S. and international markets.

Average Trading Volume: 1,140,950

Technical Sentiment Signal: Buy

Current Market Cap: $3.2B

See more data about SHOO stock on TipRanks’ Stock Analysis page.

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