Caleres (CAL) SVP Thomas C. Burke Receives 26,318-Share Award

What Happened

• Thomas C. Burke, Senior Vice President and General Counsel of Caleres, received a derivative grant of 26,318 Stock Price Incentive Award "shares" on 2026-09-11 (transaction code A). The award was granted at $0.00 (no cash paid) and does not represent immediately issued common shares — it is a contingent right to receive one share per award share if performance conditions are met.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (timely within two business days).
• Amount: 26,318 award units granted at $0.00 (derivative award, no immediate market value realized).
• Vesting: Awards vest in three tranches tied to the company’s stock hitting specified per-share price levels for 20 consecutive trading days — 50% at the first level, 25% at the second, 25% at the third (see footnote).
• Payout schedule: Any earned awards are payable in increments over a three-year performance period (fiscal 2026–2028).
• Shares owned after transaction: not specified in the provided filing.
• Transaction type: Award/grant (code A); not a purchase or sale of existing shares.

Context

• This is a performance-based equity award (derivative). It creates a contingent right to receive common stock only if Caleres’ share price meets sustained targets; it is not an immediate purchase or sale and does not indicate an immediate change in market holdings.