Form 4: Shoe Carnival Chairman Wayne Weaver Reports Equity Grant and Tax-Related Share Withholding

Shoe Carnival Inc.'s Chairman of the Board, Wayne J. Weaver, reported the acquisition of 5,306 shares of common stock through an equity incentive plan and the disposition of 1,353 shares for tax withholding purposes on June 25, 2025.

Summary

• Wayne J. Weaver, Chairman of the Board, Director, and 10% Owner of Shoe Carnival Inc. (SCVL), reported changes in his beneficial ownership.
• On June 25, 2025, Mr. Weaver acquired 5,306 shares of unrestricted common stock at a price of $0.0, granted under the Shoe Carnival, Inc. Amended and Restated 2017 Equity Incentive Plan.
• Concurrently, on June 25, 2025, 1,353 shares were disposed of at a price of $18.85 per share to cover applicable income and payroll withholding taxes related to the grant.
• Following these transactions, Mr. Weaver directly beneficially owns 4,177,482 shares of common stock.
• Additionally, 4,833,178 shares are indirectly beneficially owned by his spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine equity grant and tax-related share withholding for an insider, which is a neutral event in terms of company performance or outlook.

Positives

• The grant of 5,306 shares of unrestricted common stock to Chairman Wayne J. Weaver aligns his interests with shareholder value creation and demonstrates continued executive compensation through equity.

Negatives

• No explicit negatives identified; the disposition of shares was for tax withholding, which is a standard administrative procedure following an equity grant.

Risks

• NA

Future Outlook

This Form 4 filing reports past transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis within the retail footwear sector.

Related Party Transactions

• Grant of 5,306 shares of unrestricted common stock to Chairman Wayne J. Weaver under the Shoe Carnival, Inc. Amended and Restated 2017 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The grant of shares to the Chairman aligns management's interests with shareholder value, while the tax withholding is a standard administrative process with minimal direct impact on the broader shareholder base.

Key Dates

Keywords

Shoe Carnival, SCVL, insider trading, Form 4, beneficial ownership, equity grant, stock compensation, Wayne Weaver, Chairman of the Board