Caleres (NYSE: CAL) officer nets share grant after tax withholding

Rhea-AI Filing Summary

Caleres Inc. Chief Sourcing Officer Daniel R. Freidman received 4,005 shares of common stock as a performance share award. The shares were issued for performance covering fiscal years 2023, 2024, and 2025 and were approved for payment on March 12, 2026.

On the same date, 1,816 shares were withheld at $9.52 per share to cover tax obligations, which is a non-market disposition rather than an open-market sale. After these transactions, Freidman directly holds 79,672 common shares and indirectly holds 7,529 shares through a 401(k) plan.

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^*

Freidman Daniel R

(Last) (First) (Middle)

156 W. 56TH STREET

(Street)

NEW YORK NY 10019

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		A		4,005(1)	A	$0	81,488	D
Common Stock	03/12/2026		F		1,816	D	$9.52	79,672	D
Common Stock								7,529	I	Indirect holding through 401 (k) Plan

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 issuance of shares pursuant to performance share award covering fiscal years 2023, 2024, and 2025, as approved for payment by the Committee for Culture, Compensation and People on March 12, 2026.

	Thomas C. Burke, Attny In Fact for Daniel R Friedman	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CAL Chief Sourcing Officer Daniel Freidman report?

Daniel Freidman reported receiving 4,005 Caleres common shares as a performance share award. The grant reflects compensation for fiscal years 2023 through 2025 and increased his direct share ownership before related tax withholding adjustments.

How many Caleres (CAL) shares were withheld for Daniel Freidman’s taxes?

Caleres withheld 1,816 common shares from Daniel Freidman at $9.52 per share to cover tax obligations. This tax-withholding disposition is not an open-market sale and is a standard mechanism tied to equity compensation.

What are Daniel Freidman’s Caleres share holdings after these Form 4 transactions?

After the reported transactions, Daniel Freidman directly holds 79,672 Caleres common shares. He also indirectly holds 7,529 additional shares through a 401(k) plan, reflecting both direct and retirement-related equity exposure.

What period does Daniel Freidman’s Caleres performance share award cover?

The 4,005-share performance award to Daniel Freidman covers fiscal years 2023, 2024, and 2025. The Committee for Culture, Compensation and People approved the payment of this award on March 12, 2026.

Was Daniel Freidman’s Caleres Form 4 transaction an open-market stock purchase or sale?

The Form 4 shows a grant of 4,005 shares as compensation and a 1,816-share tax-withholding disposition at $9.52. Neither leg represents an open-market trade; both are tied to equity award settlement and related tax obligations.