Form 4: Shoe Carnival Chairman's Spouse Gifts Significant Shares to Charitable Fund

The spouse of Shoe Carnival's Chairman of the Board, J. Wayne Weaver, gifted 166,666 shares of common stock to a donor-advised charitable fund as part of estate planning.

Summary

• J. Wayne Weaver, Chairman of the Board, Director, and 10% Owner of Shoe Carnival Inc. (SCVL), filed a Form 4 reporting a transaction.
• The transaction occurred on June 12, 2025, and involved a gift (Transaction Code G) of common stock.
• A total of 166,666 shares of Shoe Carnival Common Stock were disposed of at a price of $0.0 per share, indicating a gift.
• The shares were gifted by Delores B. Weaver, the reporting person's spouse, to a donor-advised charitable gift fund.
• This gift was made as part of Delores B. Weaver's estate planning.
• Following the transaction, J. Wayne Weaver's beneficial ownership includes 4,833,178 shares indirectly owned by his spouse and 4,173,529 shares directly owned.
• The explanation clarifies that the spouse has no control over, cannot direct the disposition of, and has no pecuniary interest in the gifted shares held by the charitable fund.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 disclosing a personal stock gift by an insider's spouse, which does not inherently reflect positively or negatively on the company's operational performance or financial health.

Positives

• The transaction represents a philanthropic act by the spouse of a key insider, contributing to a charitable gift fund.

Negatives

• No direct negative implications for the company's operations or financial performance are indicated by this personal transaction.

Future Outlook

The document is a Form 4 filing detailing an insider stock transaction and does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is a routine disclosure of an insider's stock transaction, specifically a personal gift, and does not provide insights into broader industry trends or competitive dynamics within the retail footwear sector.

Related Party Transactions

• A significant gift of 166,666 shares of common stock by Delores B. Weaver, the spouse of Chairman of the Board J. Wayne Weaver, to a donor-advised charitable gift fund. This is a personal transaction by a related party.

Stakeholder Impact

• Shareholders: Minimal direct impact as the shares were gifted to a charitable fund, not sold into the open market, and the transaction is a personal estate planning matter.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal stock transaction.

Key Dates

Keywords

Shoe Carnival, SCVL, Form 4, insider transaction, stock gift, charitable donation, Wayne Weaver, Delores Weaver, beneficial ownership, SEC filing