Form 4: Caleres Inc. Executive Thomas C. Burke Reports Stock Disposals
SEC Form 4 Filing
Thomas C. Burke, SVP and General Counsel of Caleres Inc., reports disposing of common stock to cover tax obligations.
Summary
- On March 17 and 18, 2024, Thomas C. Burke, SVP and General Counsel of Caleres Inc., disposed of 1,563 and 1,020 shares of common stock, respectively, to satisfy tax obligations.
- The shares were disposed of at prices of $38.65 and $38.86, respectively.
- Following these transactions, Burke directly owns 48,454 shares of Caleres Inc.
- He also indirectly owns 7,647 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock disposal by an executive could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Disposal of 1,563 shares of common stock at $38.65. |
| 03/18/2024 | Disposal of 1,020 shares of common stock at $38.86. |
| 03/20/2024 | Date of signature for the Form 4 filing. |
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.