Form 4: Caleres Inc. Director Mahendra R Gupta Reports Acquisition and Disposal of Common Stock

Director Mahendra R Gupta of Caleres Inc. reports acquiring 4,564 shares of common stock at $35.06 and disposing of 27,009 shares on June 3, 2024.

Summary

• On June 3, 2024, Mahendra R Gupta, a director of Caleres Inc., acquired 4,564 shares of common stock at a price of $35.06 per share.
• The acquisition was made directly.
• On the same day, Gupta disposed of 27,009 shares of common stock.
• Following these transactions, Gupta beneficially owns 27,009 shares of Caleres Inc.
• The vesting of the restricted stock is contingent on continued service as a director through the next annual meeting of shareholders.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
• The filing ensures transparency for stakeholders regarding insider trading activities.

Key Dates