Caleres (NYSE: CAL) Chief Sourcing Officer receives 22,866-share stock award

Rhea-AI Filing Summary

Freidman Daniel R reported acquisition or exercise transactions in this Form 4 filing.

CALERES INC Chief Sourcing Officer Daniel R. Freidman reported a new equity award of company stock. On June 8, 2026, he received a grant of 22,866 shares of common stock at no cash cost as a compensation-related award, not an open‑market purchase.

According to the filing, this restricted stock vests in stages, with 50% vesting after two years and the remaining 50% after three years. After this grant, Freidman holds 87,646 shares directly and an additional 7,457 shares indirectly through a 401(k) plan, aligning a portion of his compensation with Caleres’ stock performance over time.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Freidman Daniel R

Role Chief Sourcing Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	22,866	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 87,646 shares (Direct, null); Common Stock — 7,457 shares (Indirect, Indirect holding through 401 (k) Plan)

Footnotes (1)

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Key Figures

Restricted stock grant: 22,866 shares Grant price per share: $0.0000 per share Direct holdings after grant: 87,646 shares +3 more

6 metrics

Restricted stock grant 22,866 shares Common Stock award on June 8, 2026

Grant price per share $0.0000 per share Compensation-related stock award

Direct holdings after grant 87,646 shares Common Stock directly owned after transaction

Indirect 401(k) holdings 7,457 shares Indirect ownership through 401(k) plan

First vesting tranche 50% of award Restricted stock vests after 2 years

Second vesting tranche 50% of award Restricted stock vests after 3 years

Key Terms

Restricted stock, 401 (k) Plan, Grant, award, or other acquisition, Indirect holding

4 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"

Indirect holding financial

"Indirect holding through 401 (k) Plan"

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

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

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

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	06/08/2026		A		22,866(1)	A	$0	87,646	D
Common Stock								7,457	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. Restricted stock vests 50% after 2 years and 50% after 3 years.

	Becky Helvey, Attny In Fact for Daniel R Friedman	06/10/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did CAL (Caleres Inc) executive Daniel R. Freidman report in this Form 4?

Daniel R. Freidman, Chief Sourcing Officer of Caleres Inc, reported receiving an award of 22,866 shares of common stock. The shares were granted as compensation at no cash cost, increasing his direct holdings and further tying his pay to the company’s stock performance.

How many CAL shares does Daniel R. Freidman hold after this Form 4 transaction?

After the reported grant, Daniel R. Freidman holds 87,646 CAL shares directly and 7,457 shares indirectly through a 401(k) plan. These combined positions show his continued equity exposure to Caleres alongside his executive role as Chief Sourcing Officer.

What is the vesting schedule for Daniel R. Freidman’s new CAL restricted stock award?

The restricted stock award vests in two stages: 50% of the 22,866 shares after two years and the remaining 50% after three years. This structure encourages longer-term retention and sustained alignment with Caleres Inc’s performance over multiple years.

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

The Form 4 reports a compensation-related grant coded as a grant, award, or other acquisition, not an open-market purchase or sale. The 22,866 CAL shares were received at a price of $0.0000 per share as part of his executive compensation package.

How are Daniel R. Freidman’s indirect CAL holdings structured in this filing?

The filing shows 7,457 CAL shares held indirectly through a 401(k) plan. This indirect position is separate from his 87,646 directly held shares and reflects retirement-plan ownership rather than stock acquired or disposed of in open-market transactions.