Caleres (CAL) Div. President Brian Costello Receives Award

What Happened

• Brian P. Costello, Divisional President of Famous Footwear at Caleres, received a grant of 29,845 Stock Price Incentive Award units on 2026-09-11. The grant was reported as a derivative award with an acquisition price of $0.00 (transaction code A).

Key Details

• Transaction date and filing: Grant date 2026-09-11; Form 4 filed 2026-09-15 (filing appears timely).
• Amount and price: 29,845 Stock Price Incentive Award units; $0.00 acquisition price (award/derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): Each award unit is a contingent right to one common share. Vesting is tied to achieving specified per‑share stock price levels for 20 consecutive trading days: 50% vests at the first price level, 25% at the second, and 25% at the third. Earned awards are payable in increments over a three‑year performance period (fiscal 2026–2028).
• Transaction code: A (award/grant); instrument is a contingent equity award (derivative).

Context

• This was an equity compensation grant, not an open‑market purchase or sale. The awards only convert to shares if Caleres' stock hits the specified price hurdles for the required consecutive trading days; their eventual value depends on future stock performance. Such grants are routine forms of executive compensation and do not by themselves indicate insider buying or selling sentiment.