Form 4: Caleres Inc. SVP, CFO Jack Calandra Reports Acquisition of 11,206 Shares of Common Stock

Jack Calandra, SVP and CFO of Caleres Inc., reports acquiring 11,206 shares of common stock on March 21, 2024.

Summary

• On March 21, 2024, Jack Calandra, the SVP and Chief Financial Officer of Caleres Inc., acquired 11,206 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Calandra directly owns 50,752 shares of Caleres Inc. common stock.
• Calandra also indirectly owns 132 shares through a 401(k) plan.
• The acquired restricted stock vests 50% after 2 years and 50% after 3 years.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by an officer. The acquisition itself can be seen as a slightly positive signal, but the document is primarily informational.

Positives

• The acquisition of shares by a high-ranking officer may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The acquisition of shares by a company officer can positively influence shareholder sentiment.

Key Dates