Form 4: Caleres Inc. CFO Jack Calandra Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Jack Calandra, SVP and CFO of Caleres Inc., disposed of 4,676 shares of common stock on September 12, 2024, to cover tax obligations.
Summary
- On September 12, 2024, Jack Calandra, the SVP and Chief Financial Officer of Caleres Inc., disposed of 4,676 shares of common stock.
- The transaction was executed at a price of $31.12 per share.
- Following the transaction, Calandra directly owns 46,076 shares of Caleres Inc. common stock.
- Calandra also indirectly owns 135 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of an insider transaction for tax purposes and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of insider transactions, which are common and legal as long as they comply with SEC regulations. It's typical for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock disposal transaction |
| 09/16/2024 | Date of signature by attorney in fact |
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