Form 4: Caleres Inc. Executive Daniel R. Freidman Reports Stock Disposals
SEC Form 4 Filing
Daniel R. Freidman, Chief Sourcing Officer of Caleres Inc., reported the disposal of common stock to cover tax obligations.
Summary
- On March 17, 2024, Daniel R. Freidman, Chief Sourcing Officer of Caleres Inc., disposed of 2,266 shares of common stock at a price of $38.65.
- On March 18, 2024, Freidman disposed of an additional 1,602 shares of common stock at $38.86.
- Following these transactions, Freidman directly owns 72,443 shares of Caleres Inc.
- Freidman also indirectly owns 6,743 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals, likely for tax purposes, which is a routine event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on stock prices.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Disposal of 2,266 shares of common stock at $38.65. |
| 03/18/2024 | Disposal of 1,602 shares of common stock at $38.86. |
| 03/20/2024 | Date of signature by Thomas C. Burke, Attorney In Fact for Daniel R Friedman. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.