Freidman Daniel R 4

What Happened Daniel R. Freidman, Chief Sourcing Officer of Caleres (CAL), was issued 4,005 shares as a performance share award on 2026-03-12. To satisfy tax withholding, 1,816 of those shares were surrendered/disposed at an effective withholding value of $9.52 per share, totaling $17,288. Net shares retained from the award equal 2,189 shares. This was an equity award (not an open-market buy or sell).

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed timely).
• Award (code A): 4,005 shares issued at $0.00 (performance-share issuance).
• Tax withholding (code F): 1,816 shares withheld/disposed at $9.52 each for $17,288.
• Net shares received: 4,005 − 1,816 = 2,189 shares retained.
• Footnote: F1 — issuance pursuant to a performance share award covering fiscal years 2023–2025, approved by the Committee for Culture, Compensation and People on March 12, 2026.
• Shares owned after the transaction: not specified in the summary data provided.

Context Performance-share issuances are compensation that vest based on company performance and are common for executives. The disposal here reflects a routine share-withholding to satisfy tax obligations (a cashless-withholding method), not an open-market sale that would signal trading intent.