Director Ward Klein gets Caleres (CAL) stock instead of cash

Rhea-AI Filing Summary

Caleres director Ward M. Klein received a grant of 2,039 shares of common stock on January 31, 2026. The shares were valued at $12.26 each and were issued instead of a quarterly cash payment for his Board service. After this grant, he directly owns 103,359 Caleres shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KLEIN WARD M

(Last) (First) (Middle)

ENERGIZER HOLDINGS INC

533 MARYVILLE UNIVERSITY DR

(Street)

ST LOUIS MO 63141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CALERES INC [ CAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/31/2026		A		2,039(1)	A	$12.26	103,359	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of stock granted in lieu of quarterly cash payment for services rendered as a member of the Company's Board of Directors.

	Thomas C. Burke, Attny in Fact for Mr. Klein	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Caleres (CAL) report for Ward M. Klein?

Caleres reported that director Ward M. Klein received 2,039 shares of common stock on January 31, 2026. The shares were granted instead of a quarterly cash payment for his Board service, reflecting non-cash compensation in equity form.

At what price were Ward M. Klein’s Caleres (CAL) shares valued?

The 2,039 Caleres shares granted to Ward M. Klein were valued at $12.26 per share. This per-share value is reported for the stock award issued in lieu of his quarterly cash director fee for services on the Board.

How many Caleres (CAL) shares does Ward M. Klein own after this grant?

After the January 31, 2026 stock grant, Ward M. Klein beneficially owns 103,359 Caleres common shares directly. This total includes the newly awarded 2,039 shares issued as non-cash compensation for his Board of Directors service.

Why did Caleres (CAL) grant stock instead of cash to Ward M. Klein?

The filing states the shares represent stock granted in lieu of a quarterly cash payment. This means Caleres compensated Ward M. Klein for his Board of Directors service using equity rather than paying that portion of his fee in cash.

What role does Ward M. Klein have at Caleres (CAL)?

Ward M. Klein serves as a director of Caleres, according to the filing. The reported transaction documents equity compensation tied to his responsibilities and services as a member of the company’s Board of Directors, paid in stock rather than cash.