Copeland Capital discloses 5.5% stake in Shoe Carnival (SCVL)

Rhea-AI Filing Summary

SHOE CARNIVAL INC Schedule 13G filing reports that Copeland Capital Management, LLC beneficially owned 1,512,900 shares of Common Stock, representing 5.5% of the class as of 03/31/2026. The filing shows sole voting power of 1,115,409 shares and shared dispositive power for 1,512,900 shares. The filing includes a certification that the holdings were not acquired to influence control; signature by Sofia A. Rosala, General Counsel and CCO, dated 05/05/2026.

Key Figures

Beneficially owned shares: 1,512,900 shares Percent of class: 5.5% Sole voting power: 1,115,409 shares +2 more

5 metrics

Beneficially owned shares 1,512,900 shares Amount beneficially owned as of 03/31/2026

Percent of class 5.5% Percent of common stock beneficially owned

Sole voting power 1,115,409 shares Sole power to vote or to direct the vote

Shared dispositive power 1,512,900 shares Shared power to dispose or direct disposition

CUSIP 824889109 CUSIP for Shoe Carnival common stock

Key Terms

Beneficially owned, Sole voting power, Schedule 13G, CUSIP

4 terms

Beneficially owned regulatory

"Amount beneficially owned: 1,512,900 (b) Percent of class: 5.5 %"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole voting power regulatory

"(i) Sole power to vote or to direct the vote: 1,115,409"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Schedule 13G regulatory

"Item 1. (a) Name of issuer: SHOE CARNIVAL INC"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

CUSIP other

"CUSIP Number(s): 824889109"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SHOE CARNIVAL INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

824889109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 824889109

1

Names of Reporting Persons

Copeland Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,115,409.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,112,900.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,512,900.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SHOE CARNIVAL INC
(b)	Address of issuer's principal executive offices: 7500 East Columbia Street Evansville, Indiana 47715
Item 2.
(a)	Name of person filing: Copeland Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 161 Washington St, Suite 1325, Conshohocken, PA 19428
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 824889109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,512,900
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,115,409
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,512,900
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Copeland Capital Management

Signature:	Sofia A. Rosala
Name/Title:	Sofia A. Rosala, General Counsel and CCO
Date:	05/05/2026

FAQ

What stake does Copeland Capital hold in SHOE CARNIVAL (SCVL)?

Copeland Capital beneficially owned 1,512,900 shares, equal to 5.5% of SHOE CARNIVAL's common stock as of 03/31/2026. The filing lists voting and dispositive powers tied to that holding.

How much voting power does Copeland Capital report for SCVL?

The filing reports sole voting power for 1,115,409 shares and shared voting power of 0 shares for SCVL. Dispositive authority is shared for 1,512,900 shares per the Schedule 13G.

What does the Schedule 13G certification state for SCVL?

The filer certifies the securities were not acquired to change or influence control of SHOE CARNIVAL and were not part of a control transaction, except activities solely in connection with a nomination under 240.14a-11 as stated in the filing.

Who signed the SCVL Schedule 13G and when?

The Schedule 13G for SHOE CARNIVAL was signed by Sofia A. Rosala, General Counsel and CCO, with the signature dated 05/05/2026, certifying the accuracy of the reported ownership as of the filing.