Caleres (NYSE: CAL) director granted 1,889 shares as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KLEIN WARD M reported acquisition or exercise transactions in this Form 4 filing.
CALERES INC director Ward M. Klein received a stock grant of 1,889 shares of Common Stock as board compensation. The shares were valued at $13.23 per share for this award and were granted in lieu of a quarterly cash payment for his services on the Board of Directors. Following this grant, he directly owns 105,248 shares of Caleres common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KLEIN WARD M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,889 | $13.23 | $25K |
Holdings After Transaction:
Common Stock — 105,248 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,889 shares
Grant price: $13.23 per share
Total holdings after grant: 105,248 shares
3 metrics
Shares granted
1,889 shares
Stock grant to director Ward M. Klein
Grant price
$13.23 per share
Recorded value of Common Stock grant
Total holdings after grant
105,248 shares
Direct ownership after reported transaction
Key Terms
Common Stock, grant/award acquisition, Board of Directors
3 terms
Common Stock financial
"Represents shares of stock granted in lieu of quarterly cash payment"
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 acquisition financial
"Transaction coded as A, described as grant, award, or other acquisition"
Board of Directors financial
"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 insider transaction did CAL director Ward M. Klein report on this Form 4?
Ward M. Klein reported receiving 1,889 shares of CALERES INC Common Stock. The filing describes this as a stock grant, treated as compensation rather than a market purchase, and recorded as an acquisition of non-derivative shares under transaction code A.
Was Ward M. Klein’s CAL stock transaction a market buy or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Klein received 1,889 shares as a stock grant in lieu of his quarterly cash payment for Board service, reflecting routine equity-based director compensation at CALERES INC.
At what price was the CALERES INC stock grant to Ward M. Klein recorded?
The grant to Ward M. Klein was recorded at $13.23 per share. This price is used for reporting the value of the 1,889-share stock award he received as compensation for serving on the CALERES INC Board of Directors.
What does the footnote in Ward M. Klein’s CAL Form 4 filing explain?
The footnote explains that the 1,889 shares were granted instead of a quarterly cash payment. It clarifies the transaction represents stock awarded for services as a Board member, highlighting the compensation nature rather than an open-market trade in CAL shares.