Caleres director exercises 4,718 share units
CALERES INC director Wenda Harris Millard exercised equity awards to acquire additional common shares.
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Form Type
4
Rhea-AI Filing Summary
CALERES INC director Wenda Harris Millard exercised equity awards to acquire additional common shares. On the reported date, she converted 4,718 restricted stock units into 4,718 shares of Caleres common stock, with no open-market purchase or sale involved.
Following the exercise, Millard directly holds 47,021 shares of Caleres common stock. The filing also shows that the related restricted stock unit position was reduced to zero, reflecting a compensation-related conversion rather than a discretionary trade.
Insider Trade Summary
4,718 shares exercised/converted
Exercise
2 txns
Insider
MILLARD WENDA HARRIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,718 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,718 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 47,021 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock of the Company.
- F2. Vesting of each restricted stock unit is contingent on the Director's continued service as a director through the next annual meeting of shareholders. The restricted stock units will be settled in shares of common stock of the Company on the date the Director's service as a director terminates or such other date as the Director may elect.
Key Figures
Shares acquired via RSU exercise: 4,718 shares
Common shares held after transaction: 47,021 shares
RSUs converted: 4,718 units
+3 more
6 metrics
Shares acquired via RSU exercise
4,718 shares
Restricted Stock Units converted into common stock on 2026-06-03
Common shares held after transaction
47,021 shares
Director’s direct holdings following RSU conversion
RSUs converted
4,718 units
Restricted Stock Units exercised into common stock
RSUs remaining after transaction
0 units
Restricted Stock Units position following conversion
Exercise transactions
1 transaction
Derivative exercise/conversion events in this Form 4
Total acquire-type transactions
2 transactions
Both common stock and RSU records classified as acquisitions
Key Terms
Restricted Stock Units, derivative security, contingent right, fair market value, +1 more
5 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive the fair market value"
fair market value financial
"a contingent right to receive the fair market value of a share of common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
continued service financial
"Vesting of each restricted stock unit is contingent on the Director's continued service as a director"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CAL (Caleres Inc) disclose in this Form 4?
Caleres reported that director Wenda Harris Millard exercised 4,718 restricted stock units into 4,718 shares of common stock. This was a compensation-related derivative exercise, not an open-market buy or sell transaction.
What type of security was converted in the CAL Form 4 transaction?
The transaction involved restricted stock units, a form of equity award. Millard converted 4,718 restricted stock units into 4,718 Caleres common shares, eliminating that restricted stock unit position and increasing her direct common share holdings.
How many derivative securities remain after this Caleres (CAL) Form 4 transaction?
The derivative summary in the filing shows no remaining derivative securities after this transaction. The restricted stock unit position of 4,718 units was fully converted into common stock, leaving zero units outstanding for this award.
Is this Caleres (CAL) Form 4 transaction considered a buy or sell?
The Form 4 characterizes the activity as an exercise or conversion of a derivative security, classified as an acquisition. It is not an open-market buy or sell but a compensation-related conversion of restricted stock units into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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