Burke Thomas C 4

What Happened
Thomas C. Burke, Senior Vice President and General Counsel of Caleres Inc. (CAL), had 1,812 shares disposed on March 16, 2026 to satisfy a tax obligation. The shares were withheld at $9.25 per share for a total of $16,761. This was a share withholding to cover tax liability (not an open-market sale).

Key Details

• Transaction date: 2026-03-16; withholding price: $9.25 per share; total value: $16,761.
• Transaction code: F (payment of exercise price or tax liability — share withholding).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-18 (filed within the typical 2-business-day window; appears timely).
• Notable: This was a tax-withholding disposition (common when options vest or restricted shares vest), not a discretionary sale.

Context
Code F withholding is typically used to satisfy taxes arising from option exercises or equity vesting by withholding a portion of the issued shares. Such withholdings are administrative and do not necessarily indicate a change in the insider's view of the company.