Gordon Tanya E. 4

What Happened
Tanya E. Gordon, Executive Vice President and Chief Merchandise Officer of Shoe Carnival (SCVL), had 1,981 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were valued at $15.38 each for a total of $30,468. This was an administrative tax-withholding transaction (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-03-31; price per share: $15.38; total value: $30,468.
• Transaction code F: shares withheld to cover tax obligations on vested awards.
• Footnote: "Represents shares withheld to satisfy the applicable income and payroll withholding tax obligations on the vesting of restricted stock units."
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-04-02 — filed two days after the transaction, which appears timely under Form 4 rules.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative step and is not the same as an insider selling shares on the open market. Such transactions generally reflect compensation mechanics rather than a signal about the insider’s view of the company.