Form 4: Caleres Inc. Executive Chair Diane M. Sullivan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Diane M. Sullivan, Executive Chair of Caleres Inc., reports the disposition of shares to cover tax obligations, resulting in adjustments to her direct and indirect holdings.
Summary
- On March 17, 2024, Diane M. Sullivan disposed of 47,025 shares of Caleres Inc. common stock at a price of $38.65 per share to cover tax obligations.
- On March 18, 2024, she disposed of an additional 47,082 shares at $38.86 per share for the same reason.
- Following these transactions, Sullivan directly owns 298,149 shares of common stock.
- She also indirectly owns 110,236 shares through a trust and 10,461 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions for tax purposes, which is a normal course of business.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal as the transactions are related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Disposition of 47,025 shares of common stock at $38.65 per share. |
| 03/18/2024 | Disposition of 47,082 shares of common stock at $38.86 per share. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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