Caleres CEO John Schmidt Receives 116,280-Share Award

What Happened John W. Schmidt, President & CEO and a director of Caleres, was granted a Stock Price Incentive Award for 116,280 contingent shares on 2026-09-11. The grant shows an acquisition at $0.00 because it is a derivative performance award (no cash paid). This is an award grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-11; filing date: 2026-09-15 (filed within the required 2 business days).
• Award size: 116,280 contingent shares; grant value recorded at $0.00 (derivative award).
• Vesting: contingent on the company’s stock reaching specified per-share price levels for 20 consecutive trading days.
• Vesting breakdown (per footnote): 50% vests at the first price level, 25% at the second, 25% at the third.
• Payout timing: Earned awards, if achieved, are payable in increments over a three-year performance period (fiscal 2026–2028).
• Shares owned after the transaction: not specified in the filing.

Context This is a performance-based, stock-price contingent award — the shares only convert to actual common stock if specified stock-price hurdles are met for sustained periods. Such awards align executive pay with long-term share-price performance but do not represent an immediate cash transaction or change in share ownership until/if vesting conditions are satisfied.