Form 4: Shoe Carnival Director's Spouse Acquires 285,500 Shares in Private Transaction

Delores B. Weaver's spouse acquired 285,500 shares of Shoe Carnival stock in a private transaction, increasing their indirect holdings.

Summary

• Delores B. Weaver, a director at Shoe Carnival Inc., reported a transaction where her spouse acquired 285,500 shares of common stock.
• The shares were purchased at a price of $33.91 per share.
• This transaction increased the indirect holdings of Delores B. Weaver to 4,173,529 shares.
• The spouse's purchase was a private transaction from the J. Wayne Weaver 2020 Grantor Retained Annuity Trust for Leigh Anne Weaver.
• Delores B. Weaver also directly owns 4,999,844 shares of Shoe Carnival stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no inherent positive or negative sentiment.

Industry Context

This transaction is a routine disclosure of insider trading activity and does not indicate any broader industry trends.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for publicly traded companies like Shoe Carnival.
• The transaction is similar to other Form 4 filings where directors or officers report changes in their beneficial ownership of company stock.
• The private nature of the transaction is not unusual for large shareholders.

Related Party Transactions

• The transaction involved a private purchase from the J. Wayne Weaver 2020 Grantor Retained Annuity Trust for Leigh Anne Weaver, indicating a related party transaction.

Stakeholder Impact

• The transaction increases the indirect ownership of a director, which may be of interest to shareholders.

Key Dates

Keywords

Shoe Carnival, SCVL, insider trading, share acquisition, Delores B. Weaver, director, private transaction, beneficial ownership