Form 4: Shoe Carnival CEO Mark Worden Disposes of Shares to Cover Tax Obligations

Mark Worden, CEO of Shoe Carnival Inc., disposed of 28,412 shares of common stock on March 31, 2025, to cover income and payroll tax obligations related to vesting of restricted stock units and performance stock units.

Summary

• On March 31, 2025, Mark J. Worden, the President and CEO of Shoe Carnival Inc. (SCVL), disposed of 28,412 shares of common stock.
• The transaction was executed to satisfy income and payroll withholding tax obligations associated with the vesting of restricted stock units and performance stock units.
• The shares were disposed of at a price of $22 per share.
• Following the transaction, Worden directly owns 283,261 shares of Shoe Carnival Inc.

Sentiment

Score: 5

Explanation: This is a routine transaction to cover tax obligations, so it doesn't necessarily indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the CEO's long-term commitment to the company.

Key Dates

Keywords

Form 4, SHOE CARNIVAL INC, SCVL, Mark Worden, Stock Disposal, Tax Obligations, Insider Trading