Caleres (CAL) SVP Chief Accounting Officer receives 22,884-share stock grant

Rhea-AI Filing Summary

Caleres Inc. reported an insider equity award for executive Daniel L. Karpel, its SVP and Chief Accounting Officer. On 12/11/2025, he acquired 22,884 shares of Caleres common stock at a price of $0, indicating a grant rather than an open-market purchase. Following this award, he beneficially owns 24,199 shares of common stock in direct ownership.

The filing notes that this is restricted stock, which vests in equal installments, with one-third vesting each year. This structure ties a portion of the executive’s compensation to the company’s equity over a multi-year period.

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^*

Karpel Daniel L

(Last) (First) (Middle)

8300 MARYLAND AVENUE

(Street)

ST. LOUIS MO 63105

(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)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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	12/11/2025		A		22,884(1)	A	$0	24,199	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. Restricted stock vests 1/3 each year.

	Thomas C. Burke, Attny in Fact for Daniel L Karpel	12/15/2025
	** 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).
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FAQ

What insider stock transaction did Caleres (CAL) report on 12/11/2025?

Caleres reported that executive Daniel L. Karpel acquired 22,884 shares of its common stock on 12/11/2025 at a price of $0, reflecting a stock grant.

Who is the reporting person in this Caleres (CAL) insider transaction?

The reporting person is Daniel L. Karpel, who serves as SVP, Chief Accounting Officer of Caleres and is classified as an officer of the issuer.

How many Caleres (CAL) shares does the insider own after this transaction?

After the reported grant, Daniel L. Karpel beneficially owns 24,199 shares of Caleres common stock in direct ownership.

What are the vesting terms of the Caleres restricted stock granted in this filing?

The filing states that the restricted stock vests 1/3 each year, meaning the award becomes fully vested in equal annual installments over three years.

Was this Caleres (CAL) insider report filed by one or multiple reporting persons?

The form indicates it is filed by one reporting person, not a group, as shown by the checked line for an individual filing.

What type of security did the Caleres insider acquire in this transaction?

The insider acquired Caleres common stock as a restricted stock award, rather than a derivative security such as options or warrants.