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

Diane M. Sullivan, Executive Chair of Caleres Inc., reports selling 19,764 shares of common stock at a weighted average price of $33.661 per share.

Summary

• Diane M. Sullivan, the Executive Chair of Caleres Inc., filed a Form 4 with the SEC.
• The form reports the sale of 19,764 shares of Caleres Inc. common stock on June 17, 2024.
• The shares were sold at a weighted average price of $33.661.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 19, 2024.
• Following the transaction, Sullivan directly owns 173,816 shares and indirectly owns 110,236 shares through a trust and 10,575 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's future.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding transactions by company executives.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates