Caleres HR chief uses 1,882 shares for tax bill

Caleres’ Chief HR Officer used 1,882 CAL shares to cover an exercise price or tax obligation, with 36,616 shares remaining in direct ownership.

Rhea-AI Filing Summary

CALERES INC (CAL) reported that senior vice president and Chief HR Officer Kathleen K. Welter disposed of shares in a non-market transaction on September 8, 2026. A total of 1,882 shares of common stock were delivered or withheld to satisfy an exercise price or tax liability, leaving her with 36,616 directly held shares of CAL common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 1,882 shares

Exercise Price or Tax Liability 1 txn

Insider Welter Kathleen K

Role SVP, Chief HR Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,882	$12.32	$23K

Holdings After Transaction: Common Stock — 36,616 shares (Direct)

Key Figures

Shares delivered or withheld: 1,882 shares Reference amount per share: $12.32 per share Shares owned after transaction: 36,616 shares +1 more

4 metrics

Shares delivered or withheld 1,882 shares Common stock used for payment of exercise price or tax liability on September 8, 2026

Reference amount per share $12.32 per share Amount associated with the 1,882-share disposition on September 8, 2026

Shares owned after transaction 36,616 shares Directly held Caleres common stock following the September 8, 2026 transaction

Exercise-price-or-tax-liability shares 1,882 shares Total shares reported in Form 4 summary as used for exercise price or tax liability

Key Terms

Payment of exercise price or tax liability by delivering or withholding securities, direct ownership, Form 4, common stock

4 terms

Payment of exercise price or tax liability by delivering or withholding securities financial

"describes the Form 4 code F transaction for 1,882 shares"

direct ownership financial

"36,616 shares reported as held in direct ownership after the transaction"

Form 4 regulatory

"insider ownership and transactions for Caleres common stock"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

common stock financial

"the security title reported for all CAL transactions in this filing"

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.

FAQ

What insider transaction did CAL (Caleres Inc.) disclose for Kathleen K. Welter?

CAL disclosed that Kathleen K. Welter, SVP and Chief HR Officer, used 1,882 shares of Caleres common stock on September 8, 2026 as payment of an exercise price or tax liability by delivering or withholding shares.

How many CAL shares does Kathleen K. Welter hold after this Form 4 transaction?

After the reported transaction, Kathleen K. Welter holds 36,616 shares of Caleres Inc. common stock in direct ownership, according to the filing.

Was the September 8, 2026 CAL insider transaction a market sale or purchase?

No. The Form 4 describes the code F transaction as payment of exercise price or tax liability by delivering or withholding securities, not an open-market sale or purchase of CAL shares.

At what reference price were the 1,882 CAL shares applied in this transaction?

The 1,882 Caleres shares were applied at a reference amount of $12.32 per share, which the Form 4 identifies on the transaction row for the September 8, 2026 disposition.

Is the CAL insider transaction linked to a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, meaning the reported transaction was not disclosed as being made under a Rule 10b5-1 trading plan.

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Available on EDGAR 09/09/2026 - 04:32 PM Accepted by SEC EDGAR 09/09/2026 - 04:31 PM Learn about SEC filing dates

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^*

Welter Kathleen K

(Last) (First) (Middle)

8300 MARYLAND AVE.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief HR Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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	09/08/2026		F		1,882	D	$12.32	36,616	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:

	Thomas C. Burke, Attny in Fact for Kathleen K Welter	09/09/2026
	** 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)