Caleres (CAL) CFO Daniel Karpel Receives Stock Price Incentive Award

What Happened
Daniel L. Karpel, Chief Financial Officer of Caleres, received a grant of 29,845 Stock Price Incentive Award units on 2026-09-11. The award is recorded as a derivative acquisition at $0.00 (no immediate cash exchanged). These are contingent rights to receive common stock if specified share-price milestones are met.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (filed within the two-business-day deadline).
• Transaction type/code: A — Grant/Award (derivative).
• Amount: 29,845 award units; reported acquisition price: $0.00; reported value: $0 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote summary: Each award unit converts to one share of common stock only if the company’s per-share price reaches specified levels for 20 consecutive trading days. Vesting splits: 50% at the first price threshold, 25% at the second, 25% at the third. Any earned awards are payable in increments over a three-year performance period (fiscal years 2026–2028).

Context
This is a performance-based contingent award, not an immediate stock purchase or sale. Because vesting depends on future stock-price performance and payout occurs over a multi-year period, the grant does not represent current ownership of common shares and should be viewed as a potential future issuance if performance conditions are met.