Form 4: Caleres Inc. Director Lori Greeley Reports Acquisition of Restricted Stock Units

Director Lori Greeley acquired 4,564 restricted stock units of Caleres Inc. on June 3, 2024, convertible to common stock, contingent on continued service as a director.

Summary

• On June 3, 2024, Lori Greeley, a director of Caleres Inc., acquired 4,564 restricted stock units (RSUs).
• Each RSU represents the right to receive the fair market value of one share of Caleres Inc. common stock.
• The RSUs vest contingent on Greeley's continued service as a director through the next annual meeting of shareholders.
• The RSUs will be settled in shares of common stock upon termination of Greeley's service as a director or on another date elected by Greeley.
• The price of the derivative security is $35.06.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The restricted stock units will be settled in shares of common stock of the Company on the date the Director's service as a director terminates or such other date as the Director may elect.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The acquisition of restricted stock units by a director can signal alignment of interests with shareholders, potentially increasing investor confidence.

Key Dates