Form 4: Caleres Inc. Executive Daniel R. Freidman Reports Acquisition and Disposal of Common Stock

Chief Sourcing Officer of Caleres Inc., Daniel R. Freidman, reports transactions involving the company's common stock, including acquisition of restricted stock and indirect holdings through a 401(k) plan.

Summary

• On March 21, 2024, Daniel R. Freidman, Chief Sourcing Officer of Caleres Inc., reported changes in beneficial ownership of the company's common stock.
• Freidman acquired 6,724 shares of common stock at $0, likely representing a grant of restricted stock.
• He also disposed of 6,731 shares held indirectly through a 401(k) plan.
• Following these transactions, Freidman directly owns 79,167 shares and continues to hold shares indirectly through the 401(k) plan.
• The restricted stock vests 50% after 2 years and 50% after 3 years.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an officer, which is a routine regulatory filing.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates