Steven Madden renews President Amelia Newton Varela's employment agreement through 2028
Steven Madden entered a new three-year employment agreement with President Amelia Newton Varela, running January 1, 2026 through December 31, 2028, replacing her prior agreement that expired December 31, 2025. The filing sets her base salary, a performance-based cash bonus tied to EBIT, and a restricted stock grant worth $1.1 million, giving shareholders a clear view of the compensation terms for a senior executive.
Key points
- Base salary of $825,000 for 2026, $850,000 for 2027 and $875,000 for 2028, plus a $1,250 monthly automobile allowance
- Restricted stock grant of $1,100,000 in value, vesting 25% per year for four years starting January 2, 2027
- Annual cash bonus of 30% to 80% of salary based on EBIT, with a threshold at 90% of plan and a maximum at 130% of plan
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.