Form 4: CALERES SVP Sells Shares for Tax Obligations

Caleres SVP and General Counsel Thomas C. Burke disposed of 890 shares of common stock to cover tax liabilities.

Summary

• Thomas C. Burke, SVP, General Counsel of Caleres Inc. (CAL), reported a transaction.
• On March 21, 2026, Burke disposed of 890 shares of common stock.
• The disposition was for tax withholding purposes (Transaction Code 'F') at a price of $10.95 per share.
• Following this transaction, Burke directly owns 66,411 shares and indirectly owns 8,459 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine tax-related sale by an executive and does not indicate a change in company fundamentals or management sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are a routine occurrence and generally do not signal a change in management's outlook on the company's prospects, unlike open market sales.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine tax-related sale by an executive, not indicative of a change in company value or outlook.

Key Dates

Recommendation

The Form 4 filing details a routine tax-related sale by an executive, which is a common occurrence and does not provide new information to warrant a change in investment recommendation. The transaction does not reflect a change in the company's fundamentals or the executive's long-term view.

Keywords

Caleres Inc., CAL, Form 4, Insider Trading, Stock Sale, Thomas C. Burke, Tax Withholding, Common Stock