Form 4: Shoe Carnival Executive Carl N. Scibetta Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Carl N. Scibetta, SEVP Chief Merchandise Officer of Shoe Carnival Inc., reports disposing of shares to cover income and payroll tax obligations related to vesting stock units.
Summary
- On March 31, 2025, Carl N. Scibetta, SEVP Chief Merchandise Officer of Shoe Carnival Inc., disposed of 7,589 shares of common stock.
- The disposal was executed to satisfy income and payroll withholding tax obligations on the vesting of restricted stock units and performance stock units.
- The price per share was $22.
- Following the transaction, Scibetta directly owns 115,324 shares of Shoe Carnival Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, common for corporate executives who receive stock-based compensation. It reflects a standard practice of selling shares to cover tax liabilities upon vesting of stock units.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Disposal of shares. |
| 04/02/2025 | Date of signature on the report. |
Keywords
Form 4, insider trading, stock disposal, Carl N. Scibetta, SHOE CARNIVAL INC, SCVL
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.