Caleres (CAL) CIO awarded 21,037 restricted shares in new equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caleres Inc. Chief Information Officer Willis Hill reported a new equity award rather than an open-market trade. He received a grant of 21,037 shares of common stock at $0.00 per share as compensation, classified as a grant or award acquisition. According to the footnote, this restricted stock vests 50% after two years and 50% after three years. Following the grant, Hill directly holds 77,791.643 shares of Caleres common stock, with an additional 3,673 shares held indirectly through a 401(k) plan. The filing shows no open-market buying or selling activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hill Willis
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,037 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 77,791.643 shares (Direct, null);
Common Stock — 3,673 shares (Indirect, Indirect holding through 401 (k) Plan)
Footnotes (1)
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Key Figures
Restricted stock grant: 21,037 shares
Grant price: $0.00 per share
Direct holdings after grant: 77,791.643 shares
+2 more
5 metrics
Restricted stock grant
21,037 shares
Grant, award, or other acquisition of common stock
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Direct holdings after grant
77,791.643 shares
Common stock directly owned following the transaction
Indirect 401(k) holdings
3,673 shares
Common stock held indirectly through a 401(k) plan
Vesting schedule
50% after 2 years, 50% after 3 years
Restricted stock vesting terms from footnote
Key Terms
Restricted stock, 401 (k) Plan, Grant, award, or other acquisition
3 terms
Restricted stock financial
"Restricted stock vests 50% after 2 years and 50% after 3 years."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
401 (k) Plan financial
"Indirect holding through 401 (k) Plan"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did CALERES INC (CAL) report for Willis Hill?
CALERES INC reported that Chief Information Officer Willis Hill received a grant of 21,037 shares of common stock. The award was recorded at $0.00 per share as equity compensation, not as an open-market purchase or sale.
What is the vesting schedule for Willis Hill’s new Caleres (CAL) restricted stock?
The restricted stock granted to Willis Hill vests in two stages: 50% after two years and the remaining 50% after three years. This staggered vesting encourages longer-term alignment with Caleres’ performance and executive retention.
What does transaction code A mean in the Caleres (CAL) Form 4 for Willis Hill?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition of shares. For Willis Hill, it reflects a restricted stock compensation grant of 21,037 Caleres common shares, not an open-market stock purchase.