WEAVER DELORES B 4

What Happened
Delores B. Weaver, a 10% owner of Shoe Carnival, was granted 6,007 unrestricted shares of common stock on June 10, 2026 (reported on Form 4). The grant price is reported as $0.00. To satisfy withholding for applicable taxes, 1,600 of those shares were withheld/disposed at $16.65 per share, generating $26,640 in tax withholding proceeds.

Key Details

• Transaction dates: June 10, 2026 (reported on Form 4 filed June 11, 2026).
• Grant (code A): 6,007 shares @ $0.00 (unrestricted stock granted under the 2017 Equity Incentive Plan).
• Tax withholding (code F): 1,600 shares withheld @ $16.65 = $26,640 (disposed to cover income/payroll tax withholding).
• Footnotes: F1 — shares were granted to the reporting person's spouse; F2 — withheld shares represent payment of applicable income/payroll withholding taxes.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form filed next calendar day (no indication of a late filing in the report).

Context
This was an equity award (not an open-market purchase or sale). The F-code disposition is a routine withholding to cover taxes on the grant (a common administrative step), not an active sale for investment purposes. As a 10% owner, Weaver is a significant insider; grants to a spouse and tax-withholding actions do not, by themselves, indicate bullish or bearish trading intent.