Caleres (NYSE: CAL) director Brenda Freeman receives 12,196 restricted stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Freeman Brenda reported acquisition or exercise transactions in this Form 4 filing.

CALERES INC director Brenda Freeman received a grant of 12,196 restricted stock units (RSUs) on Common Stock. The RSUs were awarded at a reference fair market value of $13.12 per share and are a form of equity compensation rather than an open-market purchase or sale.

Each RSU represents a contingent right to receive the fair market value of one share of Caleres common stock. Vesting depends on her continued service as a director through the next annual meeting of shareholders, and the RSUs will be settled in shares of common stock when her board service ends or on another date she elects.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Freeman Brenda

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	12,196	$13.12	$160K

Holdings After Transaction: Restricted Stock Units — 12,196 shares (Direct, null)

Footnotes (1)

Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock of the Company. 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

RSUs granted: 12,196 units Reference fair market value: $13.12 per share RSUs held after grant: 12,196 units

3 metrics

RSUs granted 12,196 units Restricted Stock Units awarded to director on 2026-06-08

Reference fair market value $13.12 per share Fair market value per common share used for RSU grant

RSUs held after grant 12,196 units Total restricted stock units following reported transaction

Key Terms

Restricted Stock Units, contingent right, vesting, annual meeting of shareholders

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock"

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.

contingent right financial

"represents a contingent right to receive the fair market value of a share of common stock"

vesting financial

"Vesting of each restricted stock unit is contingent on the Director's continued service as a director"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

annual meeting of shareholders financial

"contingent on the Director's continued service as a director through the next annual meeting of shareholders"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 02:06 PM

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^*

Freeman Brenda

(Last)

(First)

(Middle)

8300 MARYLAND AVENUE

(Street)

ST. LOUIS

MISSOURI

63105

(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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/08/2026		A		12,196		⁽²⁾	⁽²⁾	Common Stock	12,196	$13.12	12,196	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock of the Company.

2. 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.

	Becky Helvey, Attny In Fact for Brenda Freeman	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Brenda Freeman report in her latest Form 4 for CAL?

Brenda Freeman reported receiving 12,196 restricted stock units as equity compensation. Each unit ties to the fair market value of a Caleres common share and vests only if she continues serving as a director through the next annual shareholder meeting.

Is Brenda Freeman buying or selling CAL stock in this Form 4 filing?

This Form 4 does not show a market buy or sell of CAL shares. It reports a grant of 12,196 restricted stock units as compensation, which are contingent rights to receive common stock value, not open-market trading activity.

How many restricted stock units did Brenda Freeman receive from Caleres (CAL)?

She received 12,196 restricted stock units linked to Caleres common stock. These units vest only if she remains a director through the next annual shareholder meeting and will be settled in shares of common stock at or after her board service ends.

When do Brenda Freeman’s CAL restricted stock units vest and settle?

The restricted stock units vest if she continues as a director through the next annual shareholder meeting. Once vested, they will be settled in Caleres common shares on the date her service ends or another date she elects, according to the disclosure.

What does each restricted stock unit represent for Caleres (CAL) directors?

Each restricted stock unit represents a contingent right to receive the fair market value of one Caleres common share. Directors do not receive the shares immediately; they receive settlement in stock after vesting and at the end of their board service or another elected date.