Form 4: Caleres Inc. CEO John W. Schmidt Reports Stock Disposals
SEC Form 4 Filing
John W. Schmidt, President & CEO of Caleres Inc., reported disposing of shares to cover tax obligations.
Summary
- On March 17 and 18, 2024, John W. Schmidt, the President & CEO of Caleres Inc., disposed of common stock to cover tax obligations.
- On March 17, 2024, 11,706 shares were disposed of at a price of $38.65.
- On March 18, 2024, 4,666 shares were disposed of at a price of $38.86.
- Following these transactions, Schmidt directly owns 319,291 shares of Caleres Inc.
- Schmidt also indirectly owns 2,500 shares through a spouse and 5,506 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to stock disposal for tax obligations, which is a common practice. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and is a standard practice for corporate officers and directors.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Disposal of 11,706 shares of common stock at $38.65 per share. |
| 03/18/2024 | Disposal of 4,666 shares of common stock at $38.86 per share. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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