Form 4: Shoe Carnival Director Andrea Guthrie Receives Restricted Stock Award

Shoe Carnival Inc. Director Andrea R. Guthrie was granted 5,306 shares of common stock as a restricted stock award, increasing her total beneficial ownership to 26,882 shares.

Summary

• Andrea R. Guthrie, a Director of Shoe Carnival Inc. (SCVL), received a restricted stock award.
• The award consists of 5,306 shares of common stock.
• The transaction date for this acquisition was June 25, 2025.
• The shares were acquired at a price of $0.0, indicating a grant rather than a cash purchase.
• Following this transaction, Ms. Guthrie's total beneficial ownership in Shoe Carnival Inc. is 26,882 shares of common stock.
• The restrictions on this stock award are set to lapse on January 2, 2026.

Sentiment

Score: 7

Explanation: The filing indicates a routine restricted stock award to a director, which is a positive sign of aligning management interests with shareholders, without any negative implications.

Positives

• The grant of restricted stock to a director aligns their long-term interests with those of the shareholders.
• An increase in a director's beneficial ownership demonstrates continued commitment to the company's performance.

Future Outlook

The restrictions on the 5,306 shares of common stock awarded to Director Andrea R. Guthrie are scheduled to lapse on January 2, 2026, at which point the shares will become fully vested.

Industry Context

The grant of restricted stock to a director is a standard practice in corporate governance, aligning the interests of the board member with long-term shareholder value. This type of compensation is common across various industries, including retail, to incentivize retention and performance.

Comparison to Industry Standards

• The use of restricted stock awards for director compensation is a widely accepted practice within the retail sector and broader corporate landscape, aligning director incentives with shareholder interests over a vesting period. While specific award sizes vary by company size and compensation philosophy, the mechanism itself is standard.

Related Party Transactions

• Grant of 5,306 restricted common shares to Andrea R. Guthrie, a Director of Shoe Carnival Inc., as part of her compensation.

Stakeholder Impact

• Shareholders: Increased alignment of the director's interests with long-term shareholder value due to the restricted stock award.

Next Steps

• Lapse of restrictions on the awarded stock on January 2, 2026.

Key Dates

Keywords

SCVL, Shoe Carnival, Andrea R. Guthrie, Form 4, SEC filing, beneficial ownership, restricted stock, stock award, director compensation, insider transaction