Form 4: Caleres Inc. Executive Chair Diane M. Sullivan Reports Sale of Common Stock

Diane M. Sullivan, Executive Chair of Caleres Inc., reported the sale of 6,856 shares of common stock on April 24, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 24, 2024, Diane M. Sullivan, the Executive Chair of Caleres Inc., sold 6,856 shares of common stock.
• The sale was executed at a weighted average price of $37.0937 per share, with individual transactions ranging from $36.79 to $37.615.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on January 19, 2024.
• Following the transaction, Sullivan directly owns 254,668 shares of Caleres Inc. common stock.
• Sullivan also indirectly owns 110,236 shares through a trust and 10,508 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to monitor.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates