Caleres (NYSE: CAL) director granted 1,889 shares in lieu of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LANGENSTEIN MOLLY reported acquisition or exercise transactions in this Form 4 filing.
CALERES INC director Molly Langenstein received a stock grant rather than cash for board fees. She was awarded 1,889 shares of Common Stock at a reference price of $13.23 per share as compensation for services as a member of the Board of Directors. After this grant, she directly holds 23,110 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LANGENSTEIN MOLLY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,889 | $13.23 | $25K |
Holdings After Transaction:
Common Stock — 23,110 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,889 shares
Grant price per share: $13.23 per share
Shares held after grant: 23,110 shares
3 metrics
Shares granted
1,889 shares
Common Stock award for Board of Directors services
Grant price per share
$13.23 per share
Reference price for stock grant on Common Stock
Shares held after grant
23,110 shares
Total direct Common Stock holdings after transaction
Key Terms
Common Stock, Grant, award, or other acquisition, Board of Directors
3 terms
Common Stock financial
"She was awarded 1,889 shares of Common Stock at a reference price"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Board of Directors financial
"for services rendered as a member of the Company's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did CAL (Caleres Inc) director Molly Langenstein report on this Form 4?
Molly Langenstein reported receiving 1,889 shares of CALERES INC Common Stock as a grant. The shares were issued in lieu of a quarterly cash payment for her services on the Board of Directors, reflecting stock-based director compensation.
Was Molly Langenstein’s CAL stock transaction a market purchase or a compensation grant?
It was a compensation grant, not a market purchase. The Form 4 identifies the transaction code as a grant or award, and the footnote explains the shares were issued instead of a quarterly cash payment for Board of Directors service.