Form 4: Caleres CEO Schmidt Sells Shares for Tax Obligation

Caleres President & CEO John W. Schmidt disposed of 14,196 shares of common stock to cover tax liabilities at a price of $10.95 per share.

Summary

• John W. Schmidt, President & CEO and Director of Caleres Inc. (CAL), reported a transaction on March 21, 2026.
• He disposed of 14,196 shares of Caleres common stock.
• The transaction was coded 'F', indicating a disposition to the issuer to pay tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security or derivative security.
• The price per share for the disposition was $10.95.
• Following this transaction, Schmidt directly beneficially owns 414,840 shares of common stock.
• He also indirectly holds 2,500 shares through his spouse and 6,090 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction for tax purposes, which is a neutral event and does not reflect on the company's operational performance or future prospects.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those for tax purposes, are common for executives receiving equity compensation and typically do not signal a change in company fundamentals or strategic direction within the broader industry.

Related Party Transactions

• John W. Schmidt, President & CEO, disposed of 14,196 shares of common stock to Caleres Inc. to satisfy tax withholding obligations related to equity compensation.

Stakeholder Impact

• Shareholders: A slight reduction in direct insider ownership, but this is a routine tax-related transaction and not indicative of a change in management's confidence or the company's operational health.

Key Dates

Recommendation

The filing details a routine disposition of shares by an executive to cover tax obligations, which is a common practice and does not provide new information to warrant a change in investment recommendation. The core investment thesis for Caleres remains unchanged based on this Form 4.

Keywords

Caleres, CAL, John W. Schmidt, Insider Trading, Form 4, Stock Sale, CEO, Director, Equity Compensation, Tax Liability