Gendreau Kyle 4

What Happened Kyle Gendreau, a director of Caleres, was granted 12,196 restricted stock units (RSUs) on 2026-06-08. The award is reported as a derivative acquisition at a per-unit value of $13.12, for a total reported value of $160,012. This is a grant/award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-08; Filing date (Form 4): 2026-06-10 (timely — within the usual 2-business-day window).
• Award size: 12,196 RSUs valued at $13.12 each; total value reported $160,012.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive the fair market value of one share of common stock.
  • F2: Vesting is contingent on Gendreau’s continued service through the next annual meeting; RSUs will be settled in shares when his service terminates or on another date he may elect.
• Transaction type: Derivative award (RSUs); code A = award/grant.

Context

• RSU grants are a form of compensation, typically used to align directors’ interests with shareholders. They do not represent immediately tradable shares until settled.
• Because vesting depends on continued service and settlement occurs later (or upon termination/election), this award does not indicate an immediate purchase or sale of stock by the director.