Form 4: Caleres Inc. Executive Todd E Hasty Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Todd E Hasty, SVP and Chief Accounting Officer of Caleres Inc., reports disposing of company stock to cover tax obligations arising from vesting of restricted stock.
Summary
- On March 17 and 18, 2024, Todd E Hasty, the SVP and Chief Accounting Officer of Caleres Inc., disposed of shares of common stock to satisfy tax withholding obligations.
- The transactions involved the disposal of 1,140 shares at a price of $38.65 on March 17, 2024, and 728 shares at a price of $38.86 on March 18, 2024.
- Following these transactions, Hasty directly owns 20,546 shares of Caleres Inc. common stock.
- Hasty also indirectly owns 538 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity. There's no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders, as it is a routine transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Disposal of 1,140 shares of Common Stock at $38.65. |
| 03/18/2024 | Disposal of 728 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.