Form 4: Caleres Inc. Chief Sourcing Officer, Daniel R. Freidman, Sells 15,000 Shares

Daniel R. Freidman, Chief Sourcing Officer of Caleres Inc., sold 15,000 shares of common stock at $37 per share on April 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 8, 2024, Daniel R. Freidman, the Chief Sourcing Officer of Caleres Inc., sold 15,000 shares of the company's common stock.
• The sale was executed at a price of $37 per share.
• Following the transaction, Freidman directly owns 64,167 shares of Caleres Inc.
• Freidman also indirectly owns 6,767 shares through a 401(k) plan.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 7, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some investors, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates