Burke Thomas C 4

What Happened

• Thomas C. Burke, SVP and General Counsel of Caleres Inc. (CAL), surrendered 890 shares on 2026-03-21 to satisfy tax withholding related to an equity award or option exercise. The shares were valued at $10.95 each, totaling approximately $9,746. This was a tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-21; Filing date: 2026-03-24 (filed within the typical two-business-day window).
• Price per share: $10.95; Shares involved: 890; Aggregate value: ~$9,746.
• Transaction type: Tax withholding / payment of tax liability (code F) — shares surrendered to cover taxes.
• Shares owned after transaction: not specified in the provided filing.
• No 10b5-1 plan, late-filing flag, or other special footnotes were indicated in the summarized data.

Context

• Code F transactions are routine when companies withhold shares to cover taxes from vesting or option exercises; they are dispositions but do not represent an open-market sale by the insider. Such withholdings are administrative and generally less informative about the insider’s market view than outright purchases or voluntary sales.