Was Thomas C. Burke’s CAL share grant an open-market purchase or a compensation award?

The 21,037-share transaction for Thomas C. Burke is classified as a grant or award acquisition. It was issued at $0.00 per share, indicating a compensation-related equity grant rather than an open-market purchase funded with personal cash.

Does the CAL Form 4 show any insider share sales by Thomas C. Burke?

The Form 4 data show no reported sales by Thomas C. Burke in this filing. The notable transaction is an acquisition of 21,037 restricted shares as a grant, with additional disclosure of his indirect holdings through a 401(k) plan.

Caleres (NYSE: CAL) SVP and General Counsel awarded 21,037 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Burke Thomas C reported acquisition or exercise transactions in this Form 4 filing.

CALERES INC SVP and General Counsel Thomas C. Burke received a grant of 21,037 shares of common stock as a compensation-related award. According to the footnote, this restricted stock vests 50% after 2 years and 50% after 3 years.

Following the grant, Burke directly holds 87,448 common shares and indirectly holds 8,458 shares through a 401(k) plan. The award was priced at $0.00 per share, reflecting a non-cash equity grant rather than an open-market purchase.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Burke Thomas C

Role SVP, General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	21,037	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 87,448 shares (Direct, null); Common Stock — 8,458 shares (Indirect, Indirect holding through 401(k) Plan)

Footnotes (1)

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Key Figures

Restricted stock grant: 21,037 shares Grant price: $0.00 per share Direct holdings after grant: 87,448 shares +3 more

6 metrics

Restricted stock grant 21,037 shares Common stock award to Thomas C. Burke

Grant price $0.00 per share Equity grant, not open-market purchase

Direct holdings after grant 87,448 shares Common stock held directly by Burke after transaction

Indirect 401(k) holdings 8,458 shares Common stock held through 401(k) plan

Vesting schedule first tranche 50% Restricted stock vests after 2 years

Vesting schedule second tranche 50% Restricted stock vests after 3 years

Key Terms

Restricted stock, 401(k) Plan, grant/award acquisition, Form 4

4 terms

Restricted stock financial

"Restricted stock vests 50% after 2 years and 50% after 3 years."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

401(k) Plan financial

"Indirect holding through 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 04:59 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^*

Burke Thomas C

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, General Counsel

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)
Common Stock	06/08/2026		A		21,037⁽¹⁾	A	$0	87,448	D
Common Stock								8,458	I	Indirect holding through 401(k) Plan

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)

Explanation of Responses:

1. Restricted stock vests 50% after 2 years and 50% after 3 years.

	Becky Helvey, Attny In Fact for Thomas C Burke	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 insider transaction did CAL (Caleres Inc) report for Thomas C. Burke?

Caleres reported that Thomas C. Burke received a grant of 21,037 shares of common stock. The award is a compensation-related equity grant at $0.00 per share, rather than an open-market purchase, and will vest over a multiyear schedule.

How many CAL (Caleres Inc) shares does Thomas C. Burke hold after this Form 4?

After the reported transactions, Thomas C. Burke holds 87,448 Caleres common shares directly. He also holds 8,458 shares indirectly through a 401(k) plan, giving investors a clearer picture of his total reported equity stake in the company.

What are the vesting terms of Thomas C. Burke’s CAL restricted stock award?

The restricted stock granted to Thomas C. Burke vests 50% after 2 years and 50% after 3 years. This schedule encourages longer-term retention and aligns a portion of his compensation with future company performance over that period.