Caleres Inc. (CAL) director receives 2,039 shares instead of cash fees

Rhea-AI Filing Summary

Caleres Inc. director Molly Langenstein received a grant of 2,039 shares of common stock on January 31, 2026. The shares were issued at $12.26 per share in lieu of her quarterly cash payment for services on the company’s board of directors. Following this stock grant, she directly beneficially owns a total of 21,221 Caleres common shares.

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^*

LANGENSTEIN MOLLY

(Last) (First) (Middle)

8300 MARYLAND AVE.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

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	01/31/2026		A		2,039(1)	A	$12.26	21,221	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. Represents shares of stock granted in lieu of quarterly cash payment for services rendered as a member of the Company's Board of Directors.

	Thomas C. Burke, Attny in Fact for Molly Langenstein	02/03/2026
	** 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).
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FAQ

What insider transaction did Caleres (CAL) report for Molly Langenstein?

Caleres reported that director Molly Langenstein received 2,039 shares of common stock on January 31, 2026. The grant was compensation for board service, issued instead of her usual quarterly cash payment for those director duties.

At what price were the Caleres (CAL) shares granted to Molly Langenstein?

The 2,039 Caleres common shares granted to director Molly Langenstein were valued at $12.26 per share. This price is used in the Form 4 to describe the stock compensation issued in place of her quarterly cash board fee.

How many Caleres (CAL) shares does Molly Langenstein now own after this grant?

After receiving 2,039 shares, Molly Langenstein directly beneficially owns 21,221 Caleres common shares. This total reflects her updated direct holdings immediately following the stock grant reported in the Form 4 filing for January 31, 2026.

Why did Caleres (CAL) grant stock instead of cash to Molly Langenstein?

The filing states the 2,039 shares represent stock granted in lieu of a quarterly cash payment. This grant compensates Molly Langenstein for services rendered as a member of Caleres’ board of directors, substituting equity for the normal cash board fee.

Is the Caleres (CAL) transaction for Molly Langenstein a purchase or an award?

The transaction is coded as an acquisition (A) of common stock, but it is an award rather than an open-market purchase. The shares were granted as compensation, replacing a quarterly cash payment for her role on the Caleres board.