Costello Brian P 4
Research Summary
AI-generated summary
Caleres (CAL) Div. President Brian Costello Receives 21,037-Share Award
What Happened
Brian P. Costello, Divisional President of Famous Footwear at Caleres (CAL), was granted 21,037 shares as an award on June 8, 2026. The shares were reported as acquired at $0.00 (no cash paid), so the immediate cash value recorded on the Form 4 is $0. This is a restricted stock award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (appears timely under the 2-business-day rule).
- Transaction type/code: A (award/grant/acquisition).
- Shares granted: 21,037; price per share reported: $0.00; reported acquisition value: $0.
- Vesting: Restricted stock vests 50% after 2 years and 50% after 3 years (footnote F1).
- Shares owned after the transaction: not specified in the provided filing.
Context
Restricted stock awards are compensation, not open-market buys, so they primarily reflect company pay practices rather than an immediate market sentiment signal. The multi-year vesting schedule means these shares are subject to time-based forfeiture until vesting dates.