Form 4: Wayne Weaver's Spouse Gifts SCVL Shares to Charity

Delores B. Weaver, spouse of Shoe Carnival Inc. Chairman Wayne J. Weaver, gifted 166,666 shares of common stock to a charitable fund.

Summary

• Wayne J. Weaver, a Director, 10% Owner, and Chairman of the Board of Shoe Carnival Inc. (SCVL), reported a change in beneficial ownership.
• On September 16, 2025, 166,666 shares of Shoe Carnival Inc. Common Stock were gifted.
• The shares were gifted by Delores B. Weaver, the reporting person's spouse, to a donor-advised charitable gift fund.
• This transaction was part of the spouse's estate planning.
• Following the gift, the reporting person's spouse has no control over, nor can direct the disposition of, the gifted shares by the charitable fund and has no pecuniary interest in them.
• After the reported transaction, Wayne J. Weaver directly beneficially owns 4,177,482 shares and indirectly beneficially owns 4,666,512 shares (by Spouse).

Sentiment

Score: 6

Explanation: The transaction is a gift to a charitable fund, which is generally viewed as a positive personal action. While it's a disposition of shares, it's not a sale for cash and is explicitly for estate planning, making its market impact largely neutral to slightly positive due to the charitable nature.

Positives

• The transaction represents a charitable contribution, which can be viewed positively from a corporate social responsibility perspective, even if it's a personal action by a related party.

Negatives

• The transaction involves a disposition of 166,666 shares from the beneficial ownership of a key insider's spouse, reducing the overall insider-related holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The shares were gifted by Delores B. Weaver, the reporting person's spouse, to a donor-advised charitable gift fund as part of her estate planning.
• The reporting person's spouse has no control over, and cannot direct the disposition of, the gifted shares by the charitable gift fund and has no pecuniary interest in the gifted shares.

Industry Context

This filing reports a personal insider transaction and does not provide information related to broader industry trends or competitor activities.

Related Party Transactions

• A gift of 166,666 shares of common stock by Delores B. Weaver, spouse of Chairman Wayne J. Weaver, to a donor-advised charitable gift fund.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a personal transaction by a related party for estate planning, not a company-level event or a sale for cash.
• Charitable Organizations: The recipient donor-advised fund benefits from the gifted shares.

Key Dates

Recommendation

This Form 4 filing details a personal charitable gift of shares by an insider's spouse for estate planning purposes. It does not contain information about the company's operational performance, financial health, or strategic outlook that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, as the filing itself does not provide new fundamental data to alter an existing investment thesis.

Keywords

Shoe Carnival, SCVL, Wayne Weaver, Insider Transaction, Form 4, Stock Gift, Charitable Giving, Beneficial Ownership