Form 4: Caleres Inc. Director Carla Hendra Reports Stock Unit Transaction
SEC Form 4 Filing
Director Carla Hendra reports the vesting and settlement of restricted stock units into common stock of Caleres Inc.
Summary
- On May 26, 2024, Carla Hendra, a director of Caleres Inc. (CAL), reported a transaction involving restricted stock units.
- 5,348.83 restricted stock units vested and were settled into an equal number of shares of common stock.
- The restricted stock units vested contingent upon the director's continued service for one year from the grant date and will be settled upon termination of service or another elected date.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 05/26/2024 | Date of transaction: vesting and settlement of restricted stock units. |
| 05/29/2024 | Date of signature on the Form 4 filing. |
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